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

leftfield-ludlow-closing
Rumor: ‘Mini Rex’ Dry Karaoke Concept Banking on CB3 for Re-vote at Tonight’s Meeting

For Mini Rex, the struggle to establish a “dry karaoke” bar on Ludlow Street continues. Despite defeat. You’ll recall that the concept, co-founded by Edouard Gave and Karin Elgai, includes conjoined venues that would include separate entrances for sober and drinking patrons. Different wrist stamps for each side, but booze could be consumed in all the […]

Inside 102 Norfolk during Samy Mahfar's luxury conversion, July 2014
Report: Big Real Estate Against City Council Tenant Advocate Bill that would Curb Construction as Harassment

Last week, the City Council’s Committee on Housing and Buildings considered more than a dozen tenant-friendly bills that would provide protection from landlord harassment. Yet, one in particular, code-named Intro. 1523, drew the most attention, as it would carve out a new position within the Department of Buildings with the purpose of weighing tenants’ welfare […]

feltmans-logo-2
Wiener Classic: Feltman’s Hot Dogs Return to Coney Island After 63 Years

The prodigal hot dog is returning to Coney Island. After two years of developing a buzz for the dearly departed dog, which included a pop up stint at the Parkside Lounge, opening the East Village outpost Feltman’s Kitchen, and getting the wiener on the Mikey’s Burger menu, proprietor Michael Quinn is ready to bring Feltman’s of Coney Island […]

50clinton-reveal-1_wm
7-Story Condoplex at 50 Clinton Street Reveals its Brick Facade

Three years after Icon Realty sold its parcels at 50-62 Clinton Street to DHA Capital – it was a record $28.95 million transaction – the development it spawned now boasts some visible definition. Yesterday afternoon, the netting on the south side of the building was deposed to reveal the new masonry. Once complete, the luxury […]

peace-pentagon-nike-1_wm
Nike-KITH Sneaker Emporium Rumored for Rehabbed Peace Pentagon on Lafayette Street

Contrary to rumors that circulated the neighborhood last year, the former Peace Pentagon will not become luxury living. Nor will you recognize it once that five-story box is removed. The narrative here is a pivot from activism to consumerism. Specifically, sneakers. Permits issued by the Department of Buildings in late-December indicate that 337-339 Lafayette is […]

  • 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()