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

Photo: ABC No Rio facebook page
DIY: Make Your Own Future Band Flyers for ABC No Rio’s Final Exhibit

You know all of those wouldn’t-it-be-great band names that you’ve come up with when you are in a slightly “altered” state? Here’s your chance to create that band. Well, sort of. ABC No Rio has been the host for many a hardcore punk band in the past. But their makeshift creative space, carved out of […]

Photo: The Guardian
The Strokes Announce Week-long Pop-up Shop at 352 Bowery

This week, hometown heroes The Strokes previewed new material from their forthcoming four-song EP. It’s the first concrete output since the band’s 2013 release, Comedown Machine. Future Present Past, as the record is dubbed, debuts on June 3 (though, currently on Spotify), via singer Julian Casablancas’ own Cult Records imprint. While native advertising has been […]

allen-bathhouse-asbestos-6
Back Inside the Long-Shuttered Allen Mall Bathhouse [PHOTOS]

The long-vacant Allen Mall Bathhouse is getting a deep scrub-down. As previously reported, the Parks Department last week commenced asbestos abatement activity with the purpose of returning the decades-old facility to community use. Namely, a “comfort station” that offers an affordable food stand and (possibly) bike repair station. Due to the ongoing work, we now […]

rivington-house
Tell Mayor de Blasio to Reverse the Rivington House Deal [PETITION]

It’s not enough that Councilwoman Margaret Chin introduced legislation to prevent another Rivington House situation from happening. Or that our public officials continue to assert that the deed restriction process will require more scrutiny in the future. Here’s what needs to happen: the $116 million deal needs to be rescinded, the lifted deed reinstated, and […]

calexico-space-1
City Marshal Comes for Calexico 9 Months After Closure; Croman Wants $12,500 for the Space

For the first time in forever, the roll-down security gates are open at 153 Rivington Street. The shutters have been perennially – more or less – closed since Calexico faded from the commercial landscape last July. Pasted to the window is the familiar computer-printed City Marshal seizure notice. The order was issued last week; better […]

  • 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()