Quote:
Originally Posted by Londonee
First of all, as a resident of this area. no.
Second of all, the Upper West Side in particular along on Broadway, and the Upper East side along pretty much every avenue with the exception of Park probably has triple the amount of retail of Walnut Street and Market East combined. The streets are residential, the avenues retail - and tons of it. There's a reason why real estate in these areas, including our Rittenhouse/Fitler, is so valuable - b/c you have this wonderful access to safe live/work/play amenities all within a 5minute walk.
One of the fundamental concepts of city living is walk-ability and mixed-use. Segregating city's into specific function zones (here's where your museums go, here's where your offices are, here's where people live, here's where people shop) is a failure b/c without mixed use you always create a dead zone at some point in the day.
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The dearth of retail that you speak of on the Upper East/West sides is not the type of retail that everyone here seems to advocate for Walnut/Rittenhouse. The retail on the Upper East/West sides are largely the banks/drug stores/fast food restaurants/cell phone stores that people here seem afraid of (yes there are lots of other retail as well, it is a very large area).
Quick UWS search: Broadway between 96th & 97th: Citibank, Bank of America, T-Mobile, Walgreens, 2 Nail Salons, 7-Eleven, Dunkin Donuts, and an Eyeglass Center.
However, on the Upper East/West sides, those things are seen as ameneties, not problems. People that choose to live on the Upper East/West sides do not want to have big brands/crowds/tourists in their neighborhood. The shops that everyone here want for Rittenhouse are concentrated elsewhere further south in Manhattan.
Of course I am not suggesting that retail up and leaves Rittenhouse. If the types of shops change, so be it. Will the uber-rich up and leave that area because they cannot have shops to walk to? My guess is a large percentage of the population around Rittenhouse would prefer it be less of a shopping destination, and only contain the ameneties that they need. Rittenhouse will not devolve and un-gentrify as a result of banks and drug stores.
However, a concerted effort in another area in the city
could help it become the premier shopping destination that Walnut seems like it should be. Not that it would be strictly commercial, but if some uber-rich want to live near their favorite shops, maybe a new area of high income residents will develop there as well. I don't see it as a Rittenhouse or bust situation for high end retail. Rittenhouse's loss could be another part of the cities gain, which could potentially be a net positive for the city