In February, we noted the sad decline of the once-posh, boutique-strewn neighborhood of NoLIta, where Gawker HQ is located. We sent the interns back to the streets and have a new report: more sales, more closing, and only some redemption.

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.