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

Photo: HOTTEA
Street Artist HOTTEA Says ‘UUGGHH’ to What’s Happening at 190 Bowery [VIDEO]

Looks like even the graffiti artists have something to say about the state of affairs at 190 Bowery, a downtown landmark both in the preservation and street art circles. The hulking 18,000 square-foot property – known as the Germania Bank Building – was apparently sold back in September by photographer Jay Maisel. Yet there isn’t any […]

East Village Wine & Liquor is moving around the corner
East Village Wine & Liquor Moving Around the Corner Onto Clinton Street

East Village Wine & Liquor – a misnomer of a business headquartered at Stanton Street – is one of the more reliable shops out there. It’s also one of the only places that sells a certain brand of Aguardiente that we consume quite frequently. However, after about ten years in this corner spot, the booze depot […]

287easthouston
Reader Report: 287-291 East Houston Sells for $15M

287-291 East Houston (at Clinton) is ready for its multimillion-dollar upgrade. The three-parcel property was inititally on the chopping block last February for $15 million, but had languished without sale. Then within the last couple months, the “prime development opportunity” disappeared from online real estate listings. Now, a Boogie reader reveals that 287-291 East Houston just […]

petees-pie-awning
Petee’s Pie Company Begins Service on Delancey Street

For Petee’s Pie Company, it was an eleventh-hour rush to the finish line. The new pastry purveyors opened yesterday afternoon at 61 Delancey after a hasty two-month build-out. Just in time for Thanksgiving, as initially promised. The Petee’s awning is certainly a nice touch for the neighborhood. When completely unfurled, it’s a throwback to that […]

bowery-rivington-night
Homeless Man Killed in Hit-and-Run on the Bowery Last Night

Last night at around 7:30pm, a homeless man residing at the Bowery Mission was killed in a hit-and-run just north of Rivington Street. Northbound traffic was completely sealed, with police cruisers redirecting motorists back down the Bowery. What we know is that the 24-year-old BMW driver was an Asian male named Danny Lin who fled the scene, […]