Nearly 20 chain stores have recently opened or are set to open in the Downtown Brooklyn area.
Investment companies signed at $18.5 million contract for the property at 205 Smith St.
More than a dozen spots in Chelsea closed over the past year. Many have yet to be replaced.
Local leaders said they welcome an upgrade to the seedy stretch around the West 4th Street subway stop.
Retail rents could spike to as much as $600 per square foot once the new Whitney Museum opens.
A walking tour in the East Village this Saturday will highlight the area's one-of-a-kind stores.
The growth of chain stores in New York accelerated in 2012, according to a new report.
The City Council approved new zoning regulations it hopes will stave off the demise of mom and pop shops.
Goodrich Pharmacy is forced out as insurance reimbursement drops and mega pharmacies open.
H&H Bagels is closing after 39 years in business, ending a key part of many morning routines.
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