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Rent Hike Forces Union Square Cafe to Move

Legendary, long-running Danny Meyer restaurant will relocate by end of 2015
June 24, 2014
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by Patty Lee

Manhattan's rising rents have claimed yet another victim: Danny Meyer's famed Union Square Cafe.The prolific restaurateur blames skyrocketing rents for the move, telling the New York Times that brokers plan to lease the space for a whopping $650,000 a year (When Meyer started the business nearly 30 years ago, annual rent was just $48,000). While he plans on re-opening the restaurant, it's unlikely that the new Union Square Cafe will be located near its namesake park. This news comes on the heels of recent closing announcements from other big-name eateries and neighborhood mainstays, including Wylie Dufresne's wd~50 and Broome Street Bar.

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