Two More Restaurants Close in Union Square

Union Square mainstays Republic and Blue Water Grill will close by the end of the year due to rent increases. In what is becoming the increasingly common norm, both restaurants have stated that their new rent prices are unsustainable; both businesses feel they have no other option but to close their doors. Blue Water Grill is facing a rent bill north of $2 million annually, while the tax bill on the building that houses Republic has increased over 500% since the 90s.

You can read more about this here.