April by the Numbers Monthly Key Economic Indicators

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TIMES SQUARE | APRIL 2021 KEY INDICATORS April By the Numbers Monthly Key Economic Indicators 55% of storefront businesses open in Times Square 35.4% Hotel occupancy in March 133,778 Average Daily Visitors to Times Square 116,992 Community First Wellness Fair on Duffy Square, April 30th Total SF Leased in Times Square Average Daily Visitors Pedestrian Count In April, pedestrian counts con- tinued to rise with a daily aver- AVERAGE DAILY 2021 age of 133,778 people, an PEDESTRIAN COUNT 2020 2019 increase of 21% from last month 450,000 and 302% from April 2020 when 400,000 Times Square had its lowest foot 375,224 336,957 traffc to date. Compared to April 350,000 2019, this month’s pedestrian 300,000 counts declined 64%, mean- 250,000 ing Times Square saw over a 200,000 169,559 third of the foot traffc from a 150,000 133,778 typical year in April 2021. 110,853 100,000 This month, foot traffc peak- 50,000 33,320 ed on Saturday, April 24th at 0 MARCH APRIL 185,206 people. Source: Springboard TIMES SQUARE | APRIL 2021 KEY INDICATORS Commercial Real Estate Class A Times Square’s Class A commercial occupancy rate in April dropped XXXXXXOCCUPANCY RATE/ XXXXTIMES SQUARE PRICE PER SQUARE FOOT XXXXMIDTOWN 0.4% from last month to 90.8%. CLASS A PRICE PER SF Midtown experienced the same de- 95% cline, closing the month at 86.8%. 93% Times Square’s net effective rent $63 $64 $61 increased marginally from March $62 to $62 per square foot, while 91% Midtown’s remained unchanged at $68. 89% $71 $69 $68 April leasing activity totaled $68 87% 116,992 SF across three leas- es. One major lease, Schrodinger 85% at 1540 Broadway for 108,840 JANUARY FEBRUARY MARCH APRIL SF, accounted for 93% of total Source: CoStar, CompStak. Times Square fgures include properties within the BID boundaries. Midtown fgures are based on CoStar Submarkets. Beginning in Dec. 2016, the Alliance changed our methodolo- square footage leased. gy for reporting commercial rents to be a six-month moving average of net effective rent. XXXXXX XXXX XXXX Hotels Rates & Occupancy Times Square’s March hotel occupancy of 35.4% increased HOTEL OCCUPANCY + OCCUPANCY AVERAGE DAILY RATE slightly over February’s and ex- AVERAGE DAILY RATE ceeded March 2020’s occupancy 100% of 32.7%. While monthly occu- $218 pancy remains low, the week of March 28th had an occupancy of 45.3%, the highest in over a year. 70% Midtown and Manhattan month- ly occupancy exceeded Times Square’s at 40.5% and 38.9% 40% $129 respectively. $181 Times Square’s average daily rate in March was $129, on par 10% with February but down 29% from 2019 2020 2021 Source: Smith Travel Research. All fgures are based on representative samples of hotels within respective 2020. Midtown and Manhattan boundaries. Please note that hotel fgures are based on the month prior to the reporting month. had daily rates of $126 and $151 respectively. TIMES SQUARE | APRIL 2021 KEY INDICATORS Retail Update Opened & Coming Soon OPENINGS W 53rd St COMING SOON Angelina Bakery W 52rd St Food + Beverage Retail W 51st St Entertainment Other W 50th St W 49th St Burger Man This month, Taco W 48th St Bell opened its second Times Square district location at W 47th St 1501 Broadway. In coming months, we Chai are anticipating the W 46th St opening of 10 new storefront busi- nesses. W 45th St Running Subway Productions W 44th St Taco Bell Jollibee W 43rd St 7-Eleven Smashburger Just Baked W 42nd St Club Nebula Shake Shack W 41st St ve A Broadway 6th 8th Ave 7th Ave W 40th St TIMES SQUARE | APRIL 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk Aldo Sohm Wine Bar Becco* Burger Bliss Indoor Dining Indoor & Outdoor Dining Take-out & Delivery 151 W 51st Street 355 W 46th Street 256 W 52nd Street (212) 554-1143 (212) 397-7597 (917) 284-5578 Amorino Ben & Jerry’s* Cafe Abbondanza Take-out only Take-out & Outdoor Dining Take-out & Delivery 721 8th Avenue 200 W 44th Street 146 W 46th Street (212) 445-0101 (212) 933-4632 (212) 938-1333 Andy’s Deli & Natural Foods Bibble & Sip* Carnegie’s Pizza* Take-out only Take-out/Delivery/Outdoor Take-out/Delivery/Outdoor 270 W 47th Street 253 W 51st Street 200 W 41st Street (212) 869-0329 (646) 649-5116 (212) 777-4141 An’nam* Blockheads* Carve Unique Sandwiches* Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Outdoor Take-out & Indoor Dining 234 W 48th Street 825 8th Avenue 780 8th Avenue (212) 247-8318 (212) 307-7029 (212) 730-4949 Auntie Anne’s on Times Square Blue Dog Kitchen* Chef Pho & Peking Roast Duck Take-out only Take-out/Delivery/Outdoor/Indoor Take-out & Delivery 664 8th Avenue 308 W 50th Street 858 8th Avenue (212) 764-1562 (212) 459-0700 (212) 459-3610 Aureole Bluestone Lane Chick-fl-A Take-out & Indoor Dining Take-out & Delivery Take-out & Delivery 135 W 42nd Street 11 Times Square 675 8th Avenue (212) 381-1170 (718) 374-6858 (718) 504-6528 BarDough* Bubba Gump Shrimp Co.* China Gourmet Take-out/Delivery/Outdoor/Indoor Take-out/Indoor Dining Take-out & Delivery 350 W 46th Street 1501 Broadway 877 8th Avenue (917) 262-0543 (212) 391-7100 (212) 246-8191 Bareburger* Buca di Beppo China River NYC* Take-out/Delivery/Outdoor/Indoor Take-out & Delivery Take-out/Delivery/Indoor 366 W 46th Street 1540 Broadway 260 W 44th Street (212) 673-2273 (212) 764-6527 (646) 767-0854 TIMES SQUARE | APRIL 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk Chipotle Deacon Brodie’s Tavern* Dunkin’ Take-out & Delivery Outdoor & Indoor Dining Take-out & Delivery 854 8th Avenue 370 W 46th Street 168 W 48th Street (212) 757-4312 (212) 262-1452 (646) 682-7743 COOK Eatery* Dim Sum Palace* Dunkin’ Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Outdoor/Indoor Take-out & Delivery 115 W 45th Street 334 W 46th Street 150 W 47th Street (646) 861-1910 (800) 447-0013 Connolly’s Pub & Restaurant* Ding BBQ & Hotpot* EAK Ramen* Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Indoor Take-out/Delivery/Outdoor/Indoor 121 W 45th Street 234 W 48th Street 360 W 46th Street (212) 597-5126 (212) 265-0828 (646) 850-8032 Cosmic Diner* Domino’s Pizza Europan Cafe* Take-out/Delivery/Outdoor/Indoor Take-out & Delivery Take-out/Delivery/Outdoor/Indoor 888 8th Avenue 227 W 40th Street 672 8th Avenue (212) 333-5888 (212) 944-0400 (212) 730-4442 The Counter Burger* Dos Caminos* Famous Amadeus Pizza Take-out/Delivery/Indoor Take-out/Outdoor/Indoor Take-out & Delivery 1451 Broadway 1567 Broadway 840 8th Avenue (646) 669-8216 (212) 918-1330 (212) 489-6187 Curry India* Dunhill Cafe* Famous Famiglia Pizza* Take-out/Delivery/Indoor Take-out/Delivery/Indoor Take-out/Delivery/Indoor 148 W 49th Street 109 W 45th Street 680 8th Avenue (917) 261-4902 (212) 944-8484 (212) 382-3030 Dallas BBQ* Dunkin’ Fashion at the RIU Hotel* Take-out/Delivery/Outdoor/Indoor Take-out only Outdoor & Indoor Dining 243 W 42nd Street 750 8th Avenue 305 W 46th Street (212) 221-9000 (212) 944-1009 (646) 864-1100 Dave & Buster’s* Dunkin’ Five Guys Take-out/Delivery/Indoor Take-out & Delivery Take-out & Delivery 234 W 42nd Street 850 8th Avenue 253 W 42nd Street (646) 495-2015 (212) 245-8444 (212) 398-2600 TIMES SQUARE | APRIL 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk Food Emporium* Haswell Green’s* Jasmine’s Carribbean Cuisine* Take-out & Outdoor Dining Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Indoor 810 8th Avenue 240 W 52nd Street 371 W 46th Street (212) 977-1710 (212) 245-2801 (646) 964-5337 Gallagher’s Steakhouse* Havana Central* Junzi Kitchen Take-out/Delivery/Indoor Take-out/Delivery/Outdoor/Indoor Take-out & Delivery 228 W 52nd Street 151 W 46th Street 135 W 41st Street (212) 586-5000 (212) 398-7440 (646) 669-8228 Gong Cha HAVEN Rooftop* Just Salad Take-out & Delivery Take-out/Delivery/Outdoor/Indoor Take-out & Delivery 1600 Broadway 132 W 47th Street 321 W 49th Street (212) 659-2513 (212) 466-9000 (866) 673-3757 Green Emporium* Ho Ho Te* Krispy Kreme Take-out & Indoor Dining Take-out/Delivery/Outdoor Take-out only 791 8th Avenue 805 8th Avenue 1601 Broadway (212) 245-7270 (212) 381-4933 (646) 540-1153 Gregorys Coffee* Hold Fast* Kung Fu Little Steamed Buns Take-out & Outdoor Dining Take-out/Outdoor/Indoor Take-out & Delivery 762 7th Avenue 364 W 46th Street 811 8th Avenue (646) 682-9968 (917) 261-6691 (917) 388-2555 Ground Central Coffee* The House of Brews* La Masseria* Take-out & Outdoor Dining Outdoor & Indoor Dining Take-out/Delivery/Outdoor/Indoor 888 8th Avenue 363 W 46th Street 235 W 48th Street (917) 409-0147 (212) 245-0551 (212) 582-2111 Hale & Hearty Hurley’s Saloon* Lattanzi Restaurant* Take-out only Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Outdoor 745 7th Avenue 232 W 48th Street 361 W 46th Street (212) 221-9666 (212) 765-8981 (212) 315-0980 Haru Sushi* Ichiran* Le Marais* Take-out/Outdoor/Indoor Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Outdoor/Indoor 229 W 43rd Street 152 W 49th Street 150 W 46th Street (212) 398-9810 (646) 964-4294 (212) 869-0900 TIMES SQUARE | APRIL 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk The Little Beet* McDonald’s Olive Garden* Take-out/Delivery/Indoor Take-out only Take-out/Delivery/Indoor 135 W 50th Street 1651 Broadway 2 Times Square (212) 459-2338 (212) 586-5530 (212) 333-3254 Little Italy Pizza* McHale’s* Ootoya* Take-out/Delivery/Outdoor Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Indoor 167 W 48th Street 251 W 51st Street 141 W 41st Street (646) 360-2343 (212) 957-5138 (212) 704-0833 Los Tacos No.
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    Chapter 9: Transportation (Vehicular Traffic) F. VEHICULAR TRAFFIC EXISTING CONDITIONS STREET AND ROADWAY NETWORK Traffic conditions in the study area vary in relation to a number of factors—the nature of the street and roadway network, surrounding land uses and the presence of major traffic generators, and the intensity of interaction between autos, taxis, trucks, buses, deliveries, and pedestrians. The study area contains five subareas, or zones—Lower Manhattan, the Lower East Side, East Midtown, the Upper East Side, and East Harlem—and each has different street and roadway characteristics along its length. East Midtown, the Upper East Side, and East Harlem are characterized by a regular street grid, with avenues running north-south and streets running east- west. Each of the major north-south avenues—First, Second, Third, Lexington, Park, Madison, and Fifth Avenues—are major traffic carriers. There is just one limited-access roadway, the FDR Drive, which extends around the eastern edge of the study area from its northern end to its southern end. A general overview of the character of the street and roadway network in each of the five zones is presented below. Lower Manhattan is characterized by an irregular grid pattern south of Canal Street. Except for a few major arterials, most streets within the area are narrow with usually just one "moving" lane. Travel is time-consuming and slow along them. Pedestrian traffic often overflows into the street space, further impeding vehicular traffic flow. Water Street and Broadway are the two key north-south streets in this area, and carry two or more effective travel lanes, yet are often difficult to negotiate due to frequent double-parked truck traffic.
  • New York Citytm

    New York Citytm

    The Internationalist ® The Top 10 Guide to New York The Top 10 Guide to New York CityTM The Internationalist 96 Walter Street/Suite 200 Boston, MA 02131 USA The Internationalist • www.internationalist.com • 617-354-7755 1 The Internationalist ® The Top 10 Guide to New York The Internationalist® International Business, Investment and Travel Published by: The Internationalist Publishing Company 96 Walter Street/Suite 200 Boston, MA 02131, USA Tel: 617-354-7722 [email protected] Author: Patrick W. Nee Copyright © 2001 by PWN The Internationalist is a Registered Trademark. The Top 10 Guide to New York City, The Top 10 Travel Guides, The Top 10 Guides are Trademarks of the Internationalist Publishing Company. All right are reserved under International, Pan-American and Pan-Asian Conventions. No part of this book, no lists, no maps or illustration may be reproduced in any form without the written permission of the publisher. All rights vigorously enforced. ISBN: 1-891382-21-7 Special Sales: Books of the Internationalist Publishing Company are available for bulk purchases at special discounts for sales promotions, corporate identity programs or premiums. The Internationalist Publishing Company publishes books on international business, investment and travel. For further information contact the Special Sales department at: Special Sales, The Internationalist, 96 Walter Street/Suite 200, Boston, MA 02131. The Internationalist Publishing Company 96 Walter Street/Suite 200 Boston, MA 02131 USA Tel: 617-354-7722 [email protected] e-mail: [email protected] web site: http://www.internationalist.com The Internationalist • www.internationalist.com • 617-354-7755 2 The Internationalist ® The Top 10 Guide to New York Welcome to New York City.