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

How About the ‘Bluestockings’ Facelift on Allen Street

Check out the Bluestockings facelift on Allen Street. The faded canopy of the last several years was deposed last week in favor of something more “loud.” This slight makeover was expected, albeit more than a year in the making. The eighteen-year-old “feminist bookstore” – one of the last in the country – raised $37,630 in […]

Pala Pizza Seized After 11 Years on Allen Street

Death paid a visit to Pala this week in the form of City Marshals. The eleven-year-old pizzeria was seized and returned to the landlord on Tuesday. As for the restaurant itself, the furnishings and interior are still intact. Packed up for the night never to reopen. The Pala pizzeria opened on this upper stretch of […]

‘Facebook Muralist’ David Choe is up Next at the Bowery Graffiti Wall

A muralist who made a mint through his series of murals at the Facebook HQ in the early 2000s was picked to succeed the five-month reign of PichiAvo at the Bowery Graffiti Wall. Goldman Properties, owner of the four-story canvas (and the land on which it sits), announced yesterday that Korean-American artist David Choe will […]

Essex Street Market Seeks Restaurants and Vendors for its New Essex Crossing HQ

When the Essex Street Market debuts inside the “Gateway” of Essex Crossing next year, it’ll do so with eleven new vendors and two additional restaurants. Yep, it’s turning into another trendy food hall. The catch here is that the identity of these future ventures are not yet known, as the city must still choose. That […]

What to Expect at the 7th Annual Governors Ball Festival Next Weekend

Consistent warm weather is nearly upon us, and with it, so is the seventh helping of Governors Ball. This year, New York City’s homegrown music festival will be doling out yet another jam-packed list of musicians to take over Randall’s Island Park next weekend, June 2 – 4. Tool is slated as a headliner, and it’ll be […]

  • 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()