It was but a few months ago that Nolita graced the covers of real estate sections under banner headlines proclaiming it as Downtown's hottest on-the-rise luxury spot?but then the 'hood made a quick exit in the Curbed Cup, and now Gawker drops the hammer: "How has the economic downturn affected a cozy-chic downtown Manhattan neighborhood? We surveyed the retail territory around Gawker HQ in NoLIta. What'd we find out there? Lots of closed stores and a lot of sales." The roster of casualties is large. [Gawker]
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