Rockland County real estate, development
Kitchen goods retailer Sur La Table has filed for bankruptcy as it prepares for a corporate sale and store closures, making it the latest retailer to succumb to the coronavirus pandemic.
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There has never been a genuine plan to site a yeshiva at Nyack College, according to a handful of inside sources who say the idea has been a rouse.
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Rockland County sales were down 24.1% or 482 sales compared to 635 sales in Q2-2019
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A referendum to allow expansion at the Palisades Center, which has been bedeviled by a protracted coronavirus shutdown, will be voted on at the Town of Clarkstown’s July 14th meeting.
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Coresight Research estimates 20,000 to 25,000 stores could permanently close in the U.S. this year, with 55% to 60% of those closures in malls.
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As the world reorders itself, as retail shakes out, and the office market recalibrates, landlords want to work with prospective tenants in ways they’ve not done so in the past to ensure tenancy.
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The prospective buyers of Nyack College are a joint partnership between a Kaser-based “Vizhnitz” yeshiva and the market-rate condominium developer and Rockland resident Berel Karniol, according to sources with inside knowledge.
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The Nyack College campus will become an all-boys Hasidic Yeshiva if negotiated contract with an upstate entity is brought to fruition.
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Retail sales spiked 17.7 percent in May, an early sign that the economy may recover from the economic crisis brought on by the coronavirus pandemic.
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Clarkstown has until August 3rd to decide whether it will put a referendum on the Nov. 3rd ballot for voters to allow The Palisades Center to expand into its unused space.
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