Monday, September 25, 2023

Trek cycles off the Bowery

Updated 9/27: A Trek employee said this location will remain open until the end of the year.

The Trek Bicycle shop at 303 Bowery between Houston and First Street has closed. (Thanks to the tipster for the news.) 

The brand arrived here in September 2019 ... one of several outposts around the city, including on First Avenue in Stuy Town. 

Before Trek arrived, this storefront in the retail base of Avalon Bowery Place sat empty for three-and-a-half years (the last tenant, Tatyana Boutique, left in January 2016). 

The retail space next door remains for rent too... Blue & Cream decamped for Greenwich Village at the end of 2022.
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7 comments:

  1. AnonymousSeptember 25, 2023 at 9:43 AM

    There are dozens of these ground floor business spaces lying fallow in and around the EV. Most, if not all of them, are in these new buildings. If 5th Ave luxury stores are unrentable, what makes these landlords think that they are any different with high priced locations that are two and three times the floor space?

    It just defies logical, common business sense to continue following bad practice's; and yet, it's groundhog day over and over again.

    ReplyDelete
  2. AnonymousSeptember 25, 2023 at 4:48 PM

    This area is a retail desert. Not sure why anyone would set up business here given its poor track record of openings and closings.

    ReplyDelete
  3. AnonymousSeptember 25, 2023 at 8:10 PM

    Commercial landlords should be charged for having empty store fronts forcing them to lower rents to create occupancy. NYC is becoming a city full of retail spaces with no clients making for some very unsafe streets.

    ReplyDelete
    Replies
    1. AnonymousSeptember 26, 2023 at 8:13 AM

      I agree. Not only that, but with no businesses, storefronts get tagged and damaged. The Avalon in particular seems to have issues with keeping their commercial tenants. Just because they are on Bowery does not make this location premium retail. I'm expecting the restaurants to choose at some point too. To be clear I don't wish that on the businesses.

      Delete
    2. AnonymousSeptember 26, 2023 at 5:07 PM

      There's no demand for these storefronts.

      Delete
  4. AnonymousSeptember 26, 2023 at 9:04 AM

    Trek has closed several stores in nyc, they appear to be doing some corporate restructuring.

    ReplyDelete
  5. AnonymousSeptember 26, 2023 at 11:50 PM

    I wonder if the rise of battery powered citibikes factored in their demise. Trek is a good brand but do people here even want to buy and own pedal powered bikes?

    ReplyDelete

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