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Big Apple Bytes
Learning from New York Nightlife Trends
Plenty of evidence is showing that 2007 will be a special year,
including the opening of several new mid-size and huge live music
venues (many thought were gone forever); the open air trend, which has
been fueling city dweller demand for dining and dancing in lush rooftop
settings with extraordinary views; innovative ideas; sexy unique
promotions; offbeat neighborhoods as prime targets for glamorous
makeovers; and much more.
The Road Less Taken
Investigating off-the-beaten-track neighborhoods — that can get hot
in the blink of an eye by intitial gentrification taking place through
nightlife establishments moving in first — historically is a proven
formula for any large city on the upswing.
A classic case is the awesome development of New York’s meatpacking
district (MPD). Once a bleak outback for the butcher trade, it
now shows no of signs slowing down. With headlines labeling it
“Manhattan’s trendiest neighborhood,” it is the new home to some of the
city’s most celebrated clubs and restaurants.
The lesson learned is to look under the radar for potential new
growth areas as the key to finding low cost start-up sites with
character appeal.
Club owners, restaurateurs, investors and savvy realtors can learn
from the trends of this now fashionable tourist Mecca. Interested
readers can track MPD study findings from a statistical analysis of the
area, commissioned by my nightlife brokerage for the period between
2000 and 2005, at www.pickenrealestate.com.
Historic Ethnic Neighborhoods
Ethnic neighborhoods hold on to time-honored traditions, but, as families move on, change is inevitable.
LITA is the best current example. LITA stands for Little Italy, a
tiny strand of four or five blocks, just North of the Italian community
which attracted generations to its colorful unique stores and Italian
cuisine. New LITA stores, restaurants and shops are serving the
overflow of Little Italy tourists and wealthy new residents who bought
apartments on its borders. Club and restaurant owners have started
calling me to check out available new sites, auguring a new trend
within the borders of lower Manhattan.
Reinventing Manhattan
A sure-fire development, bound to happen in other major cities as
the word gets out, is installation of newly designed live music venues,
once a Big Apple staple. The new live venue facilities are being built
on a grander scale than ever before, with modern improvements, lavish
dancing space and expansive views from every table.
The new ultra-size clubs will captivate with all-glass elevators,
hi-tech acoustics and lighting systems, three-story high ceilings,
multi-tiered dance floors, TV/video and digital computer screens, the
latest sounds in live music and/or provided by world acclaimed DJs
ratcheting up lively rhythms.
Rooftops
One trend that keeps going is rooftop dining/dancing and lounging.
These dramatic views can be duplicated somewhat in most metropolitan
cities. Outdoor spaces revive older buildings and make for memorable
moments under the stars. I advise searching for hidden jewels with
outdoor potential.
Making Your Bed
Another trend that has stuck around is the concept of patrons
relaxing on beds, but a number of club owners are entertaining thoughts
about out-bedding the competition — by creating new lifestyle venues in
the NYC metropolitan area and perhaps other cities, including Las
Vegas.
The live grown-up playground entertainment idea is booming, while
revenues reportedly are down in all other adult style entertainment
mediums, such as DVDs, video, Internet and magazines.
Perhaps no better sign of this movement exists than the Palms Hotel’s multi-million dollar Playboy Club in Las Vegas. Opulent Libations
Something fascinating today’s club-goers are outlandishly priced
cocktails. Though but a few might actually buy one, the buzz brings the
rest.
One example is a Drink Recipe Night, inviting bar customers to come up
with their own, original Rich Cocktail Recipe for a new $10,000 drink.
Celebrity judges declare the winner, who gets an all-expenses-paid week
for two at a
5-star vacation resort. NCB
Alex Picken (pictured, third from right) specializes in sales and
leases of nightclubs, restaurants, bars and lounges in Manhattan, New
York City and the Hamptons. For more information, visit
www.pickenrealestate.com.
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