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

Harper's 1898, Collection of Maggie Land Blanck
Revisiting the Iconic (and Photogenic) Tenement Fire Escapes

Ah, the iconic New York City fire escape. Sitting out on your “escape” really is just that. The breeze. The city below your feet. The views. The sounds. The smell (to each their own). Fire escapes have always been crucial to New Yorkers for a variety of reasons, least of which, surprisingly, was escaping fire. […]

Forgtmenot family is opening a new Greek spot a few doors down
Forgtmenot Family is Opening a Traditional Greek Restaurant on Division Street Called Kiki’s

For the moment, it remains the epicenter of cool. The eastern terminus of Division Street continues its hot streak, yet will see more change in the next few months. We have it on good authority that the Chinese supply business at number 130 – Zhen Ling Tan Taoist – is to become a new restaurant. […]

pike-street-benches
Seatless Benches Along Allen Street Mall are Missing Slats Due to Manufacturer Defect

When the city revamped the Allen Street Mall a couple years ago, residents welcomed the spiffy new street furniture. Late-night conversation sessions or mahjong games are a common sight around here. Not to mention homeless pitching camp for cookouts. However, the equipment is proving fairly cheap and unreliable. Those curvy benches in the medians are […]

abcnorio-mural
ABC No Rio Commissions New Mural by Dasic Fernandez

Continuing the apparent bi-annual painting schedule, ABC No Rio this week replaced the two-year-old “hands” mural thrown up by Brian George in 2012. Its successor is more colorful and exudes somewhat of a political tone. For its latest piece, the beloved Rivington Street art collective commissioned the services of Dasic Fernandez to decorate its exterior […]

40clinton-street
Blue Bayer Design Studio Opening an Eclectic Jewelry Boutique on Clinton Street

Ever since the departure (and subsequent relocation) of Vector Gallery back in July, the south store of 40 Clinton Street has been a vacancy. The wait is over. Blue Bayer, a New York-based craftsman, is opening his jewelry boutique here in the coming days. It’s called Blue Bayer Design, and specializes in eclectic, “risky jewelry and […]

  • 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