Just when old New York businesses thought they had enough wolves at the door trying to stop them dead, from rising rents to rampant overdevelopment to the continuing recession, another threat to their livelihood arises: the MTA's expansion plans.
Lost City reported earlier this week that the half-century old Italian restaurant Giambelli, on E. 50th Street, has shuttered, the victim of an eminent domain land grab by the MTA. A story in today's AMNY fills in some of the back story. Several Manhattan businesses, including Giambelli, are being displaced in order to make way for the new Long Island Rail Road connection to Grand Central Terminal. A ventilation plant will rise where Giambelli was. A similar fate awaits 47 residential tenants uptown, where the Second Avenue Subway is sending 47 residential tenants packing.
Giambelli’s neighbor, The Mid-Town Wine & Liquor Shop, AMNY reports, is preparing to close in a few months, after a 54-year run.
For the LIRR connection, the MTA will knock down five properties on East 49th and 50th streets, including two dating to 1910.