Clubs for dogs, or the rebirth of Wall Street

The financial district of New York is preparing to expand its nightlife scene with a very unique place: Fetch. So it called local, only to dogs, which will open next May in the southern part of Manhattan.The property, owned by entrepreneurs Peter Balestrieri and Jenna Lee (former employee of Wall Street), seeks to attract pets workers in the financial sector of the Big Apple, which, for 35 dollars (26.32 euros) per day, they can leave their dogs safe with joint supplements for dogs. Fetch, located at number 85 South Street (in an old factory snuff with over 200 years of history), has an area of 278 square meters, where canine services will be offered, such as beauty treatments, massages, pedicures, home cooking, ball games and dance classes, as if it were a club. Its promoters have had to overcome the opposition of local residents (fearful of the night barking) and local authorities, soundproofing the premises. The club, the first of its kind that exists in the city of New York, has a very large potential audience. The City Council estimated 530,000 dogs populate the streets of the Big Apple.

The southern part of Manhattan, where there are more than 150 nightlife, will also grow with enlargement, which has just announced the social club Down Town Association, the oldest Local fifth of Manhattan, founded 151 years ago. Frequented by bankers and chaired by Mark Alther, increase its surface, to build squash courts and rooms, and will have nine floors.

Fetch expansion and social club, though anecdotal, shows that the economy starts to recover in New York, where even Paul Nawrocki has found a job. This former employee of a toy company became one of the faces of the recession in Manhattan hit the streets of the city, caught in a sandwich sign that it was advertised as nearly Without techo┬┐. Two years later, Nawrocki reworks in the company Fantasma Toys.

The office of controller of New York estimates that the gross city product (indicator which measures economic activity) grew by 0.9% in the fourth quarter 2009 to 602,000 million, outpacing the decline experienced one year before, which it was 3%. The increase in activity, while still anemic, is the first produced for two years. The Big Apple, which has a weight in the overall US GDP of 4.2%, also denotes signs of recovery in the labor market, albeit timid. Thus, the unemployment rate is now at 10.2%, down 10.5% from the end of 2009. The financial sector companies have begun to expand templates, especially to adapt to the reform of the financial regulation. The plan, promoted by the White House, updated legislation mostly in place since 1930.

The economy of the city blesses the bonus (variable compensation) paid by companies in the banking sector employees in New York have grown by 17% in 2009 to 20.300 million. This growth has had a direct impact on the real estate market of Manhattan, which is ready to forget about the recession. The Federal Reserve Bank of New York, regional subsidiary of the US central bank, emphasizes that the sale of apartments has doubled in the first quarter of this year (compared to the same period of 2010) and reached 2,300 units, with an average price per transaction of $ 868,000 (11% less). In addition, sales of luxury apartments (with prices exceeding 2.83 million) grew by 93.7%, according to property consultant StreetEasy. So far, so far this year, the floor which has been paid more money is in the Trump Tower, next to Central Park, which has changed hands for 33.18 million dollars.

All these symptoms point to optimism, although it is still too early to uncork the champagne.

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