Property Grunt

Monday, November 30, 2009

The Brooklyn Flea comes to Manhattan

I was walking around the West Village and came across this most amazing site.

The Brooklyn Flea in Manhattan!
This used to be Tower Video which was behind Tower Records and across from Tower Books. It is also the same location where Britney Spears used to live or maybe she still lives there? Did they ever sell that apartment?

Anyways, I was happy to see it blooming with grassroots entrepreneurial activity instead of it being replaced with a TGI Friday's or a Nordstrom.

But there is a downside to all if you think about it. The fact that this prime retail space is unable to get an anchor tenant and has to lease out their space to a flea market in order to get some type of cashflow, just shows how messed up things are.

Correction. This shows how messed up things are.