Genesis Bridal Shop on Clinton Street Falls Prey to Rent Hike
This image has been archived or removed.
Clinton Street is undergoing a seismic shift. It’s true that this area of the Lower East Side has been a foodie destination for years, due its designation as a restaurant row of sorts. But the gentrification of the blocks above Delancey seems to be accelerating at a clip. And it’ll only worsen with the advent of the seven-story condo building up the street, which caters to the 1% with apartments starting at $1 million.
Another mom-and-pop shop bites the dust. This time it’s the Genesis Bridal Shop at 97 Clinton Street, a local stalwart since 1983 (or thereabouts). Yesterday evening, the family-owned establishment was seen boxing up the contents of the store. Shelves taken apart and goods packed.
The store succumbed to the escalating real estate pressures plaguing so much of the neighborhood these days. Apparently, the building owner at 97 Clinton imposed a steep rent hike – more than double the current amount, in fact – which irreversibly affects the bottom line. Business is not what it once was to counteract such an increase.
The composition of this block has changed so much that these party supply stores, once in great supply, are now severely threatened. Nevertheless, Genesis Bridal shop is hoping to reestablish itself in a new location nearby.
Recent Stories
Demolition Begins at Fire-Stricken Dim Sum Palace Building in Chinatown
Demolition started this week at 6 Chatham Square, which, until this month, housed neighborhood favorite Dim Sum Palace. Early morning May 1, a fire in the kitchen spread throughout the building, triggering a five-alarm response from the fire department. All told, five firefighters were injured battling the inferno over several hours. And according to Red […]
Eldridge Street Development Sells for $19.24M
A major real estate deal to report on Eldridge Street. It took three years, but the eight-story mixed-use building at 165 Eldridge traded last week for $19.25 million. Just under the initial 2019 asking price of $21 million. Buyer of record is Meng Lee and Karim Elsayyad of FREO Management. The transaction is not yet […]
The ‘Barrier Reefs’ Coming to Clinton Street Bike Lane
The Department of Transportation has chosen a winner to decorate the traffic barrier protecting the Clinton Street bike line. The city agency awarded artist Alison Cynamon as part of the ongoing Barrier Beautification mural project. The concrete slab runs from Delancey Street to South Street; an 840-foot stretch with roughly 1,980 square-feet of canvas to […]
Redlining the LES: How Discriminatory Lending Policies Solidified Pre-Existing Inequalities
The following was written by Anna Sargeantson. All photos courtesy of Anna Sargeantson, except where otherwise noted. Home to dimly lit restaurants and bars frequented by NYU students and young professionals, the Lower East Side remains in many ways the epitome of New York City’s youthful heart. Under the surface, though, the neighborhood has historically […]
Ed Higgins Gets ‘Mail Art’ Retrospective at Van Der Plas Gallery on Orchard Street
Fresh off featuring his art in Ludlow Coffee Supply, the Van Der Plas Gallery of Orchard Street is now dedicating a full artist retrospective to the late Ed Higgins. Higgins, known as a pillar of the “Rivington School” movement in the 1980s Lower East Side, and for his unique “Mail Art,” died last December at […]
