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

fat radish open
The Fat Radish Changes it up with New Lunch Concept and Pintail Coffee

Change is afoot in the Fat Radish empire. The modern British eatery at 17 Orchard Street is set to dish out a new “lunch concept,” and duly welcomes executive chef Nick Wilber back into the fold, to work alongside head chef Jared Dowling. Owners Ben Towill and Phil Winser had previously relocated Wilber to their Upper East Side […]

first-park-art
‘Birdhouse Repo’ Reminds us that Even the Animals Can’t Afford to Live in NYC Anymore

To live in New York City is so expensive, even the birds can’t afford it. This truth is the creative mojo behind a new temporary art project coming to First Park this month. The incoming sculpture, aptly entitled “Birdhouse Repo,” is the work of city native Aaron Schraeter. Simple yet brilliant, his goal was political […]

orchard-grocer-1
MooShoes Full Service Vegan Grocery Opens at the End of the Month on Orchard Street

MooShoes reopened back in September with a totally new look. The popular cruelty-free shoe shop divided its retail space at 78 Orchard Street, and is now getting into the food game. Quite literally narrowing the retail shopping experience allowed ownership to introduce Orchard Grocer, as we first reported. The full service vegan grocery will feature […]

cafe-medi-rivington
With the Debut of ‘S’zen Mixology Lounge’ this Week, Another THOR Spot for Embattled Hell Square

Embattled neighbors call it one of the most problematic operators dotting Hell Square. One that seemingly gets away with everything. Somehow the Hotel on Rivington continues to open (and close) new establishments on-premise without the benefit of public scrutiny. The latest future grievance to arrive is a second-floor nightspot dubbed S’zen Mixology Lounge (i.e. scene + zen). […]

klondike-bandit-bowery
Bandit in Klondike Hat Knocks Off 2 Chase Bank in Chinatown 

For the second time since Christmas, a Chase Bank on the Bowery has been knocked off. Police are looking for a man in a “Klondike hat” as lead suspect in both robberies, the latest of which transpired on Thursday. The perp visited Chase Bank at 2 Bowery on Thursday at around 1:51pm, and slipped a […]

  • 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()