
Let me be honest here. Just for a moment. I found this shot on my camera awhile ago. I don't remember taking the picture. I don't remember who the arm belongs to. I just know that I really like the tattoo. That is all.
And you know we didn't see one person shopping in any of these stores. Seriously. Post-election hangover perhaps? Or maybe the richies just don't shop in a light rain on weekday afternoons? Or maybe the economy is really fucked. Anyway, every store was the same: A handful of well-dressed employees standing around looking expectantly out the store windows.
New York’s most elegant shopping corridor, the Gold Coast of Madison Avenue, from 57th Street to 72nd Street, is pockmarked with vacancies as retailers flee sky-high rents. More than two dozen retail spaces are on the market and are either empty now or about to be. Windows that once showcased hand-tooled leather suitcases are now plastered with for-rent signs.
“This is as bad as I’ve ever seen it,” said Alan Victor, a broker who has worked the street for more than four decades and who is an executive vice president of the Lansco Corporation.
Jones Diner is in an area zoned for manufacturing because, when it was built, the big cast-iron and federal-style brick buildings along Lafayette, Great Jones, and neighboring Bond and East 4th streets were filled with woodworking and machine shops and small garment plants. At breakfast and lunch, workers swarmed through the diner's narrow door, plunking themselves on the green padded stools and into the brown booths. Most of those businesses are long since gone; however, their lofts are now occupied by well-heeled residents and swank high-tech offices.
But Jones Diner has endured. Its $3 breakfast specials (juice included) and the never changing plastic-lettered menus above the big gleaming coffee tureens, offering meat loaf sandwiches for $3.25 and pot roast for $4.50, still lure passing delivery workers as well as employees of the neighborhood's last industrial outposts, the lumber yard down the block and the muffler shop across the street. There is also a loyal cadre of local residents who, in a swath of urban landscape that boasts three Starbucks, an Au Bon Pain, a Wendy's, a McDonald's, and an ever expanding universe of mid- to high-end restaurants, still find the Jones the most comfortable dining place within walking distance for simple meals.
The property has Landmark’s Approval for a 6-story steel and glass building for residential, commercial or hotel-use. The development opportunity at 372 Lafayette Street has tremendous potential. The location alone sets the site apart as there is tremendous demand for this type of development project. This property represents a truly exceptional opportunity to capitalize on the strong demand for a premier residential, commercial, or mixed-use development site within the trendiest retail corridor in the NoHo neighborhood of Manhattan.