ray glattman restaurants relocating due to raise in rent
TRANSCRIPT
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NYC Restaurants Relocating Due to Raise in
RentBy Ray Glattman
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Union Square Café is being forced to close its doors after
thirty years of dedicated service to their
neighborhood. When the café first moved in, the
location was a home to drug users.
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Now, thirty years later, due largely to the café’s focus on
employing local produce grown and provided by a
farmer’s market half a block away, the neighborhood is thriving as the home of the largest farmer’s market in
the city.
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However, even with this amazing community
outreach and improvement, the café has been forced to
move on due to an unreasonable raise in rent
rates, according to an article recently completed by The
New York Times.
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At the end of next year, the café will forfeit its lease and
be forced to relocate to a location that has yet to be
determined.
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The article mentions that the Union Square Café is not the
first to be forced out of a home they recreated as a
result of an increase in rent rates. Several restaurants
are mentioned, which moved into a decaying
neighborhood and managed to breathe new life into the
area.
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Several years down the road, the neighborhood has
become a thriving environment with increasing
real estate values; before the restaurant knows it, they have priced themselves out of the neighborhood they
helped recreate.
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Bobby Flay’s Mesa Grill restaurant is mentioned, as he was forced to close the very first establishment he
opened—the restaurant that helped put him and the
Flatiron district on the map—due to a doubling of the
rent.
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On the subject, Flay argues that the exchange isn’t fair; restaurants do all the hard
work of bringing an old neighborhood back to life, only to be exiled at a later
date.
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In general, rent rates in Manhattan are steadily
increasing, eliminating the conception of the area as a
place for deals—a place where an aspiring chef could
attempt to follow their dreams. This, to Flay,
indicates that, one day, realtors will drive away all
people and places that make New York City
interesting.