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Wednesday
Dec102014

Rare Earth Space on the Market for $8,000/Month

The space on Bergen Street near 5th Avenue that's been home to restaurant Rare Earth since it opened last summer is on the market.

The restaurant had the same owner as Melt before it, Muguette Siem A Sjoe, and was focused on "wholesome, fresh, naturally grown ingredients, served at its peak harvest time." While the menu was creative, nothing about it brought in crowds, and there wasn't much to differentiate it from its predecessor.

The 1,800-foot space is going for $8,000 per month, or $4.44/sf, according to the listing. I'm still holding out hope that City Sub may decide to make a triumphant return.

Photo via Loopnet

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Reader Comments (17)

Unsurprising. I walk by fairly regularly and have never seen more than 3 or 4 customers in there at a time.

December 10, 2014 | Unregistered CommenterSam

It was awful just like Melt was. Owners are not very smart. Don't close for 6 months and rebrand if all you're going to do is change the name and add some new chairs from Overstock.com

December 10, 2014 | Unregistered CommenterEd

While we're on the subject, is there any update on City Sub? Haven't heard anything in so long...

December 10, 2014 | Unregistered CommenterCoop Monkey

My guess is that City Sub never had any intention of reopening. Most of these places put up "renovation" signs and we never hear of them again. So deceptive and stupid. Just admit you're closing and go out with some respect instead of making people think you're going to reopen at some later date.

December 10, 2014 | Unregistered CommenterTim

Tim, City Sub didn't pull the renovation sign move, like the aforementioned Melt did before becoming this very spot listed here as for rent. Their landlord forced them out of the space and they even had a sign up stating so. If anything they did the opposite and publicly declared that this was not their decision, they had no need to close, and were not the instigators of their closure. I for one miss them tremendously.

December 10, 2014 | Unregistered CommenterSam

Sorry you're wrong Sam.

http://parkslopestoop.com/blog/business/city-sub-closed-for-renovation-or-moving

December 10, 2014 | Unregistered CommenterTim

And quote:

Last week a sign popped up in the window announcing they’d be moving to a new location on the same block. But by yesterday afternoon, the windows had all been papered over, and a new sign was up. According to this one, they’re closed because of “demolition and pending renovation of the building,” though there don’t appear to be any permits for work through the Department of Buildings yet.


And still ZERO renovations have taken place in that building and it's been since May that they closed. 7 months.

December 10, 2014 | Unregistered CommenterTim

RIP Tea Lounge. They're closing on 12/14.

December 10, 2014 | Unregistered CommenterStephen

Oh thank GOD. Tea Lounge is such a dump!

December 10, 2014 | Unregistered CommenterLisa

The Tea lounge space has been for rent since August, so they must have found a new tenant. Can't say I ever cared for that place.

http://www.bkmag.com/2014/09/16/tea-lounge-space-for-rent-in-park-slope/

December 10, 2014 | Unregistered CommenterIna

Tea Lounge is a great example of a small businessperson just blowing it completely. They close their original place on 7th ave, because of high rents at a time when that section of PS was on a major upswing. Now multiple cafes thrive on that stretch of 7th inc Hancos which took over and seems to be doing just fine.

Then they let arrogance get the best of them and fail in spectacular fashion to franchise.

Finally they take that huge space on Union and let it go so downhill that lots of people, minus the one coffee a day laptop crowd and the very worst stereotypes of PS parents, began to avoid it.

Sad because spaces that big are in short supply and it will likely become a cookie cutter chain.

December 10, 2014 | Unregistered CommenterJbob

I stand corrected, albeit with a caveat. The rumblings I always heard, and the way that sign is phrased doesn't necessarily contradict them, is that City Sub closing was not of their own volition but of the landlords. Shocking that a landlord would get all his or her ducks in a row to renovate/demolish/make their big payday and have them fall through but it does happen. I always had the feeling that City Sub was not the catalyst for their own ceasing to be there.

December 10, 2014 | Unregistered CommenterSam

I hope it becomes an Intelligentsia or Toby's Estate or Blue Bottle or some other nice coffee shop. Tea Lounge was always shabby and only attractive to a certain subset of the neighborhood who enjoy bed bugs with their burnt coffee. Where are the nicer coffee shops around here? I see none. How about a huge Hungry Ghost?

December 10, 2014 | Unregistered CommenterHeather

Sam,

That entire block is owned by Pintchik Hardware. Why did the sign say they were moving into a space on the same block when in fact there are no other vacancies on the block? That's also odd.

December 10, 2014 | Unregistered CommenterHeather

Tea Lounge closing?! Why does this make me say HURRAY! ? Mostly because the place is a complete DUMP; a once very cool place that stagnated and decayed.

Oh yea, also the lefty politics I ran into there. OK, Park Slope is Park Slope.

Wonder what else could be housed there? for all we know another cafe? The space isn't compatible with many kind of retail...

December 10, 2014 | Unregistered CommenterSlopeSteven

I was very surprised at the rent. $8000 seemed very cheap for 1800sq feet. rent for the area is around $80 per sq foot....in which case it should be $12,000. Then I noticed that it included the basement and that the actual street level space is 1100 sq ft....in this case the rent should be around $7500.

December 11, 2014 | Unregistered CommenterParkSlopeLandlord

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