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The 7th Ave Downturn

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2011_04_7thave.jpgThe Real Deal reports that a recent wave of closures has led to an uncommonly high number of empty retail storefronts (about 20) on Park Slope thoroughfare 7th Avenue. Included in the number are at least three now closed restaurants. The culprits seem to be, what else, aggressive per-square-foot rent and general overhead costs. [TRD via FiPS]

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