The shell of its former self

404 Park Avenue South, originally uploaded by trexfiles23.

On the way back home from writing this afternoon, a huge vacant space on Park Avenue South provided a stark reminder of how much the city has changed in the years since I used the nearby Starbucks as my writing perch.

Speaking of which, as Paul Light reminds us, commercial stores and real estate aren't the only things affected by the financial crisis:

Of the nearly 1 million nonprofits up and running, as many as 100,000 will fail over the coming six months.