In a changing Brooklyn, shop owners decide to call it quits
New York
TO hear some mourners of New York's late, great nostalgia-filled haunts tell it, the soul of the city is crumbling. With every upward tick in the city's property values, the eternal lament goes, another rapacious landlord muscles out a neighbourhood dive bar for a new bank, drugstore or gym.
So what to make of John and Richard Zawisny, the owners of a South Park Slope classic - a Polish sausage and craft-beer emporium called Eagle Provisions that advertises, in blocky hand-painted letters, "Epicurean Delights From Around the World" - that they are selling off and closing for good, and glad about it?
"I envisioned that after 35 years, we'd be like smooth sailing, and it's not smooth sailing," said John Zawisny, 62, who bought the business with his…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore Q1 industrial rents rise further 1.7%, as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction