Mars Bar Slated for August Demolition

Posted on: June 13th, 2011 at 6:18 am by

Mars Bar is indeed on its deathbed, and will likely be demolished by the end of the summer.  EV Grieve points us to an article published in Crain’s yesterday that provides plenty of inside information as to what’s happening at the Yuppified corner of Second Avenue and First Street.

[September 2008]

BFC Partners got what it wanted and will be dismantling the 1920’s era building come August.  Those permits were filed with the DOB last month.  In two years, the lot will sprout a 12-story condo with 65 total apartment units; only 13 are listed as affordable housing.

An octogenarian playwright, a drag queen and a kvetcher provoked nightly by the bar’s cacophony are among the nine tenants in two adjoining buildings at the corner of Second Avenue and East First Street who will receive this sweet deal.

At the end of the month, they will vacate their 1920s building, which will be demolished in August. When they return in about two years, each will pay $10 (tax free) to buy an apartment in a 12-story luxury high-rise.

“The neighborhood went from arson to devastation to landlord abandonment to development, where the profits of market-rate housing are strong enough to throw off a little surplus and make some units of affordable housing possible at really no cost to government,” said Richard Heitler, chief operating officer of UHAB. “It’s a win-win-win.”

In the new, 65-unit building, nine of the 13 affordable apartments will go to the tenants in the existing buildings. The other four will be sold by lottery for around $150,000 to people making less than $64,000, according to BFC Partners.

Word on the street is that the decades-old dive will shutter long before its August meeting with the wrecking ball.  Some are postulating June 30.  “Shed a tear ’cause I’m missing you..”

Recent Stories

300lafayette-1
300 Lafayette Bills itself as ‘Cutting Edge’ with New Ad Banners

Alive for many months, the project site at 300 Lafayette Street is finally ready to go big on the hype. Banners pimping the new seven-story commercial building were affixed to the sidewalk bridge earlier this month, promising “cutting edge.” Hard to believe it’s already been a year since the BP gas station at the corner of […]

da-falafel-guys-rivington
‘Da Falafel Guys’ Coming to Rivington Street, Forged from the Remains of the Falafel Shop

The retail reanimation of 127 Rivington Street includes a bizarro version of its former self. Seven months later, no longer known as the Falafel Shop, the tiny store is now home to something called Da Falafel Guys. The signage and offering are nearly identical to the predecessor, but it’s under different ownership. Da Falafel Guys […]

trump-dick-face-orchard_wm
Dick-Faced Trump Paster Appears at Hanksy’s ‘Dump Trump’ Wall on Orchard Street

It was a beacon of anti-Trumpism for more than a year. Until this past January when Hanksy’s Dump Trump Mural was whitewashed. The narrative at the time suggested that the building owners received a letter from the city last summer to clean up this shit or face fines. But the real reason was that they […]

thelma-clinton-gate
Thelma on Clinton is reborn as ‘Lil Gem’ Lebanese Restaurant

Chef-restaurateur Melissa O’Donnell delivered on her promise to return to the Lower East Side with a new concept. Indeed, more than a month after shuttering the three-year-old Thelma on Clinton, the space at 29 Clinton Street has been transformed into a Lebanese restaurant called Lil’ Gem. Evoking her Lebanese heritage again – Thelma was named […]

138bowery-update-1_wm
New Condo-Hotel on the Bowery Ascends Halfway to 8 Stories

Now that the centuries-old Federal-style houses are a footnote in the pages of local history, the next chapter is foisted upon us. It’s been a few months since our last progress report on the status of the historically significant 138-142 Bowery development site. In that time, activity has been swift. The forthcoming condo-hotel has already […]

  • Andrew Fenton

    Oh…I’m surprised it made it this far – you have to remember that 42nd St. was all Jazz clubs in the fities and by 62 it was all gone….
    But, NY does sound boring at this place – no where to hang out, probably why you have cultural champions like Lady Ga ga and Jeff Koons …it’s a dead city…

  • Pingback: Breaking: Mars Bar is Dead, Long Live Mars Bar - Bowery Boogie()