Hoylman takes aim at ‘high rent blight’

Various empty storefronts in State Senator Brad Hoylman’s District, the subject of his recent study, “Bleaker on Bleecker” (Photo collage courtesy of Brad Hoylman)

By Sabina Mollot

State Senator Brad Hoylman, whose district includes Stuyvesant Town, Gramercy, Chelsea and Greenwich Village, recently conducted a study that found a high percentage of vacant storefronts in the district, with some retail corridors about 10 percent vacant and on Bleecker Street, a vacancy rate of 18.4 percent.

This is no breaking news to area residents of course; but the senator’s study “Bleaker on Bleecker,” which focuses on what’s been dubbed “high rent blight,” has led to his offering a few proposals to combat the problem.

In particular, the phenomenon of landlords of choosing to keep a space vacant “suggests waiting for Marc Jacobs instead of renting to Jane Jacobs,” the study quotes economist Tim Wu as saying.

The study also mentions the closure last year of the Chelsea Associated Supermarket, which had seen its $32,000 rent jump by $100,000. The now-shuttered store had the same owners as the Associated in Stuyvesant Town, the future of which is still murky.

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