Construction at 491 Fifth (11th/12th) has certainly taken its time. The small, one-story building that previously occupied the space, which was the first location of Tacos Nuevo Mexico, was sold in 2009 and demolished in 2011. Work on the new, mixed-use building proceeded in fits and starts, & ground to a complete halt in 2013/14. Now, in 2016, it appears that it may be near completion. The ground floor retail space is now available for lease - 2,400 SF at $75/SF/YR, & "great for a restaurant, bar, lounge etc." If my shaky math is correct, that's a pricey $15,000 per month.
Here's a Google look back to 2007, with Tacos Nuevo Mexico occupying two storefront spaces, & the OTB still active at the corner.
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