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Back in NYC for the first time in 6 months. Here are some notable changes:
1) City: Midtown is dead. Financial is empty. Hudson Yards will go down as the worst timed real estate dev in NYC ever. Some blocks are dead- some blocks are thriving. There is no in between. The city is shifting extremely fast.
2) Fitness: Boutiques are crushed. Equinox is empty, with too many locations. A lot of people run and workout outside. That& #39;s cool, let me know how that is in January. Trainers went from top of the social food chain to collecting unemployment in 60 days.
3) Restaurants: Outside outside outside. In short: it works. It& #39;s a great scene. Although, NYC is 100% weather dependent now- if it rains, the nightly revenue is ~0. You have to order food with drinks- whatever, two martini& #39;s with a side of hummus pls.
4) Apartments: The premium that apartments charged to live in NYC is no longer feasible. It doesn& #39;t warrant these prices anymore. City will get younger and probably less good looking. Sucks to be 130 William right now.
5) Homeless: Out of control. Cops don& #39;t do anything because BDB doesn& #39;t support them. Constant protestors. Rioters in the spring. Not a good scene or vibe. Almost got spit on last week running but I was too fast.
6) WeWork: 20% occupied. & #39;Community& #39; was their value add- well, there is none. Similar to Equinox, they have too many locations and had too many people working there. Kept our office because rent was 60% off this year- woot woot.
7) WholeFoods: This is now a distribution center, not a grocery store. Ppl do not shop inside- they treat it like a Duane Read. Would venture to guess >50% of their business is now done through delivery. Would also guess 50% of people in there are shopping for other people.
