More on the 12-Story Second Avenue Housing Plan

Posted on: December 9th, 2010 at 6:40 am by

Tuesday afternoon, the Local East Village dropped bombshell news that the block of Second Avenue between East Houston and First Street is on course for some heavy change.  Not just renovation.  It would spell at least two years of demolition, construction, and misplaced tenants and businesses.  And if all the necessary hurdles and red tape are cleared, this could be a glimpse of the future.  Can you imagine Mars Bar as we know it living and breathing here?

Now that we have your attention, let’s dive into some of the details. This issue was the leadoff item on the agenda at last night’s CB3 zoning committee meeting.  Juan Barahona of developer BFC Partners was in the house to further explain their plans.  The proposed twelve-story building will contain roughly sixty total units, twelve of which are slated to become affordable housing. Nine of said units are earmarked for returning families; three are for new families (lottery).  Meanwhile, the remaining lot will be market rate living, but BFC is still unsure if they’ll be rentals or sales.

But concessions are definitely in order for the nine returning families. Those living in 9 Second Avenue will receive comparable living quarters.  However, the four tenants in 11-17 Second Avenue with 2,000 square-foot lofts agreed to downsize to 1,200 square-feet in the new building.

One committee member was alarmed that the affordable tenants might quickly turn around and flip after purchasing for only $1.  She was assured, however, that flip taxes are a component of the inclusionary program to discourage such schemes (7% net profits reinvested in building).  A short time later, thirty-year building resident Gretchen Green had the conch, as it were, and spoke in support of the measure, reiterating how the living conditions aren’t 100% safe and how this would be a welcome change.

The board voted to carry the measure, with one abstention.  While there were other issues on the agenda last night, this was the most popular.  Much of the crowd dispersed after the vote.

Recent Stories

Martin Scorsese Spent His 75th Birthday Filming ‘The Irishman’ in the Cold Night

On the occasion of his 75th birthday, Martin Scorsese spent Friday evening on the not-so-mean streets of the Lower East Side. Filming the much-hyped film for Netflix, The Irishman. (The crew all sported big buttons reading “I’m a friend of Marty Scorsese” to celebrate his age milestone.) For twelve hours, the corner Orchard and Broome […]

‘Rebelle’ Taps Out After 2 Short Years on the Bowery

Michelin-rated Rebelle – on the Bowery for more than two years – called it quits after business Saturday night. The closure comes roughly eleven months after sister restaurant Pearl & Ash likewise disappeared. Announcement of its doom circulated Friday afternoon via Eater upon learning that staff was informed to not accept reservations after November 18. Surprised? […]

Two Bit’s Arcade on Essex Street Shuttered by Health Department Last Week

Is it game over for Two Bit’s Retro Arcade? The Essex Street arcade has been noticeably silent all weekend in the aftermath of a city inspection. Department of Health inspectors paid a visit last Thursday and shut the place down, apparently for “operating without a permit.” (It’s the second such closure in Hell Square in […]

September Wines Probably Won’t be on Stanton Street Much Longer

The Lower East Side appears poised to lose one of its cherished businesses in the coming months. Hell Square is eating its own. September Wines & Spirits – the local mom-and-pop situated at Ludlow and Stanton Streets – might soon depart the neighborhood after more than a dozen years on the block. There are already […]

Uncapped: Beneath the Paint with the Legendary AUDIE U5

This latest installment of Uncapped is more than a year in the making, and we are stoked to have Audie U5 join us. BOWERY BOOGIE: Audie U5. Welcome to the series. Instead of the cherished and/or default “what do you write?” how about, why do you write “Audie?” Audie U5: Always Undeniably Dope In Everything!  Nah, […]