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Wenting Zheng’s mother, Jenny Wu, has worked at the 75 East Broadway for at least 10 years running three separate businesses, Zheng told The Daily Beast. “I think that he knows nothing,” Chen said.Ī few vacant lots are available on both the first and second floors, but across the street, 88 East Broadway is almost entirely vacant and palpably worse for wear. The building manager of 75 East Broadway, which also goes by the name 2 Bridge Mall, declined to comment when reached by phone, but Loung Chen, Aineng’s friend, said the building manager doesn’t really know who shops here, and only genuinely cares about the more upscale businesses on the second floor. The property is owned by New York City, but the real estate company Wing Fung LLC is in charge of leasing out the space, according to Parinaz Mogadassi, who used to rent space upstairs for Tramps gallery.
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In the few years since the initiation of the “character makeover,” 75 East Broadway has changed significantly. Our rent is about 10 times more than what they pay and our real estate tax is about 10 times more than what they pay.”Ī spokesperson for the Department of Citywide Administrative Services told ABC7 that 88 East Broadway’s current operator has neglected the building and failed to pay rent, and now owes the city of New York $13 million. Terry Chan, the general manager of 88 East Broadway across the street, told ABC7 last year that 75 East Broadway “got a sweetheart deal. “The owners are also willing to divide if a new tenant is interested in only part of the floor.” “The owners are looking to recreate the identity of this mall and hopefully bring some galleries that are looking for small/large spaces or finding working office tenants into the mall,” broker Christopher Lam told Bowery Boogie.
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In 2016, 75 East Broadway announced plans for a “ character makeover”: the building’s entire second floor was listed for rent at $35,000 a month, and partial spaces were offered for rent for between $900 and $3,800. The malls have been centerpieces of the neighborhood for decades-88 East Broadway opened in the 1980s-but in recent years, both shopping centers have been hit hard by tenant departure and pandemic-induced foot traffic losses. Ouyang Aineng has sold seeds and honey here for the past three years, and most of his customers live in the area.Īlthough Aineng has only worked at 75 East Broadway for three years, the shopping center itself has been in business for over 20 it opened in 1994 across the street from the East Broadway Mall, located at 88 East Broadway. Upstairs, although the same, nondescript rooms comprise the available retail space, the wares and clientele couldn't be more different: artfully dressed downtown kids pick through racks of discounted Alexander McQueen jackets and pore over delicate gold rings, swaying absently to hyperpop.īack on the first floor, in a few brisk steps you can exit through the rear of the building, stepping out into an open-air grocery market. Unlike the Chinese wholesalers, though, these downtown-cool businesses all take up residence on the second floor. Eckhaus Latta, the RISD-born, gender-fluid clothing brand that’s become a downtown staple in just over a decade, Reliquary, an antique jewelry seller specializing in solid gold investment pieces and James Veloria, a vintage and pre-owned clothing boutique, all rent spots in the mall. Three stickers posted over potentially defunct businesses point to newer tenants. Just inside the street entrance at 75 Broadway on the right hand side, a directory posted in green Mandarin lettering indicates the location of different shopfronts.