Recently closed wine bar Bar Vespa
A spree of business closings on Second Ave., between 91st and 95th streets, has received a lot of attention over the past year - due mainly to the impact of the Second Ave. subway’s construction, which has spurred a ton of difficulties for the businesses closest to the mayhem.
Getting far less attention - but maybe more alarming - is a recent string of businesses that shut down on an eight-block stretch between 77th and 85th streets on Second Ave., far removed (for now) from the subway's construction.
During the four-month period from June through September, a staggering 10 businesses have closed on this stretch (another shut down in May - so, 11 shuttered in a five-month period).
The businesses were a mix of chains and mom-and-pop stores; they were retailers, restaurants, wine bars and pizza spots. Some were part of a city-wide chain shuttering (Burittoville) or a nation-wide chain trimming locations (Talbots Kids) - but still, 11 is a ton in that amount of time on such a short stretch.
Not surprising, the area’s business managers and owners I spoke with pointed to a perfect storm of a struggling economy, a drop in consumer confidence and rising business costs – especially increased rents - as main causes of the closings.