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

galli-open-1
Galli Restaurant is Now Open for Service at 98 Rivington Street

The second location of Galli Restaurant officially opened in Hell Square Tuesday evening after a weekend of trials. 98 Rivington Street had spent the better part of a year under the knife, ever since ‘inoteca ended its decade-plus run at the address last February. Decor seemingly skews swank, and carries a less homey feel than its […]

pedestrian-struck-elizabeth
NYPD Seeks Witnesses of Pedestrian Death Last Month in the Intersection of Kenmare and Elizabeth

Authorities have not forgotten about the rental van driver who plowed through the north crosswalk at Elizabeth and Kenmare last month, killing an 82-year-old Chinese woman. Even though an arrest was not made after the September 25 incident, the investigation remains ongoing. A consortium of councilmembers also called for charges against the driver responsible for […]

seward-park
Seward Park Conservancy Forms with the Goal of Ending the Neglect

It was the first permanent, municipally-built playground in the United States, yet Seward Park receives little love outside the history books. What began a project by the Outdoor Recreation League (Lillian Wald and Charles Stover) to get kids off the streets was eventually snatched up by the City of New York. Rarely is this past […]

lucky-chengs-ludlow
Lucky Cheng’s Might Take Over the Former Living Room Space on Ludlow

It’s been a rough few months (nay, years), but looks like Lucky Cheng’s is making a solid comeback. The cabaret – popular for bachelorette parties – had relocated to Times Square from its longtime First Avenue perch back in 2012. It was never quite the same. Two years later, owner Hayne Suthon passed away of breast […]

sandy-east-river-trees-4
LES Ready! is Hosting the 2nd Hurricane Sandy Anniversary Get-Together Tonight

It’s been nearly two years since Mother Nature’s fury took the form of Hurricane Sandy, destroying more or less everything in her path. As a part of the “always be prepared” and “never forget” mindset, the Lower East Side Long Term Recovery Group is reinforcing awareness by hosting a “Remembering Sandy” gathering of sorts. It’s a part of the group’s […]