The Economic Hit on 27th Street

by Marcos Colon
02.24.2009

It seems like 27th Street in Manhattan has also been taking quite the hit from the economy this year. While the hot spots in the city were once the Meatpacking and 27th Street strip, now these areas just don’t seem to attract the same kind of crowd that it used to. From the outside, it’s easy to say that this can be primarily attributed to the weakening economic status that the country’s in. However, the argument that ‘Old areas are never as catchy as new ones’ can also be understood as well.

While there seems to be a lot of shuffling around the nightlife venue circuit in New York, such as the interest of many nightlife entrepreneurs to expand their enterprises, they seem to be looking in areas that just aren’t as happening anymore, primarily the 27th Street strip. Pink Elephant is still in good shape, primarily attributed to the various changes in their party programming, but places like Cain Luxe have definitely taken a hit.

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