Photos by Steven
Updated 3/16: Landlord Cooper Union says the tenants have "informed us of their decision to vacate the property." The landlord also said the tenants haven't paid any rent since 2020. Read more here.
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As you may have heard in recent days, businesses along Stuyvesant Street between Ninth Street and Third Avenue are in danger of closing as the long-term leases here are set to expire at the end of the month.
This impacts four retail spaces — Angel's Share, Village Yokocho, Panya Bakery and Sunrise Mart.
Alex Vadukul, a correspondent for
The New York Times, broke the news
on Twitter the other night...
Public records show that Cooper Union is the landlord here. So far, Cooper Union and the owners of the four businesses, Yoshida Restaurant Group, haven't commented, which has fueled more speculation.
There's hope for a lease renewal. Otherwise, a relocation is likely in the plans. An employee at Angel's Share told this to
Gothamist:
A bartender there sounded somewhat optimistic, telling Gothamist of the current situation, "it's between the owner and the landlord, but we're either relocating or staying here."
Another bartender told this to
Grub Street: "There's an 85 percent chance that we close. It's okay, though, because we're gonna relocate."
As for speculation, an employee at Panya said Friday that Cooper Union had plans for a new building on the site (there is nothing in Department of Building records that shows permits for new construction) and that they'd be moving.
Adjacent to this space is the 29 3rd Avenue Student Residence Hall, which offers apartment-style housing for 170-plus Cooper Union students. The 15-story building opened in 1992. Retail tenants here include the Bean and Sunrise Mart. (In 2011, Cooper Union and tenant St. Mark's Bookshop were
in a high-profile rent negotiation. The school eventually reduced the rent by $2,500 per month and forgave $7,000 in debt. The bookstore finally had to move to a smaller shop
before closing in 2016.)
Coincidentally (or not) on Friday, workers were seen clearing out
the former Autre Kyo Ya space (and, from 1989-2009,
the diner Around the Clock) at 10 Stuyvesant St.
This corridor has been called a micro-center of Japanese culture. Angel's Share, the speakeasy-style bar, opened here in 1994, with Panya arriving next door in the same year. Sunrise Mart debuted in 1995. There are now also locations in Soho, Midtown and Brooklyn.
We hope to learn more about what's happening here soon.