Real Estate

Jones Diner in 1977, Photo: Art Flux

Former Jones Diner Site on Lafayette Could Fetch $35M

Posted January 29, 2015 at 5:10 am

May the Jones Diner rest in peace. Known for its intrusive advertecture in recent years, the vacant lot is now on the open market. The 5,500 square-foot sliver of land at the corner of Lafayette and Great Jones Street (aka 363 Lafayette) is the latest “development site” in an area too rich for its britches. […]

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icp-250bowery

Report: International Center of Photography to Pay $23M for 250 Bowery Digs

Posted January 28, 2015 at 5:00 am

Earlier this month we exclusively broke word that the International Center of Photography had chosen the ground level of 250 Bowery for its new home. For the last two decades (half its lifespan), the institution operated rent-free at the corner of 43rd and Sixth Avenue. News broke earlier this fall that a move to the […]

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Streets

100norfolk-sunday-work

Weekend Construction Continues at 100 Norfolk Without After-Hours Variance

Posted January 26, 2015 at 5:12 am

Lawlessness seems to thrive these days at the corner of Norfolk and Delancey Streets. On one hand, you’ve got controversial landlord Samy Mahfar who is converting #102 to luxury and already exposed tenants to toxic levels of lead dust; right next door at #100 is the 12-story cantilevered condo project by Adam America which commissions […]

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provident-loan-society-building

Demolition Likely for Provident Loan Society Building on East Houston; New Development on the Horizon

Posted January 26, 2015 at 5:10 am

It’s truly unfortunate when you discover that a particular architectural treasure is not officially landmarked and is then demolished for luxury living. This trend is endemic of the Lower East Side lately, its very character endangered. And we’re probably losing another. The latest victim of the onslaught is allegedly the Provident Loan Society building at the […]

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living-room-plywood-1

Gallery Conversion Underway for Old Living Room Space on Ludlow Street

Posted January 23, 2015 at 5:12 am

The former Living Room space is amidst conversion to a dry use. After the failed bid by exiled drag bar Lucky Cheng’s to take 154 Ludlow Street, the Hell Square address is now forsaking nightlife altogether. Construction has already begun on the artsy replacement; a plywood shed and curbside dumpster are now part of the […]

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50bowery-rendering-2

Joie de Vivre is the 22-Story Hotel Currently Rising at 50 Bowery

Last modified January 23, 2015 at 8:28 am

Progress is slow at Peter Poon’s monstrous new Lower East Side hotel development. Indeed, 50 Bowery remains a block-long crater, making slow strides to its eventual calling as a 22-story tower. Excavation and foundation work is clearly the order of business these days. Yet until now, a proper identity was never ascertained; only a working […]

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Streets

The Allen Street Hotel is still stalled out

Park Avenue Developer Bids $33M for Long-Stalled Allen Street Hotel

Posted January 22, 2015 at 5:12 am

One midtown developer is willing to pay $33 million for the beleaguered Allen Street Hotel. Unless they’re outbid. Yes, the convoluted history of the Allen Street Hotel is taking another turn toward the unexpected. At a height of sixteen stories, this zombie property, the last of five Hell Square hotels to reach completion, has been […]

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Site 1 of Essex Crossing

It Looks Like Bowlmor Lanes is Headed to Essex Crossing [UPDATED]

Last modified January 22, 2015 at 2:14 pm

Essex Crossing is getting a bowling alley. This much we learned last week, when the Delancey Street Associates consortium presented updated plans for Phase I of the overall project. Now we can reveal the operator. Sources close to the situation maintain that Bowlmor Lanes is the forthcoming ten-pin occupant, though our requests for confirmation have gone unanswered. The […]

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east-broadway-subway

Improvements Fast-Tracked for Neglected East Broadway Subway Station

Posted January 21, 2015 at 9:18 am

Finally, some positive news this morning for regular riders boarding the subway at the rather expansive East Broadway station. Word on the street is that the MTA is now fast-tracking two particular improvements that were heretofore on the horizon. We are told that Help Point kiosks and WiFi service will now arrive much sooner than the […]

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75-essex-street-2013

With Essex Crossing Looming, ‘Developer’s Dream’ 75 Essex Street Ups the Ask to $39M

Posted January 21, 2015 at 5:00 am

The big neighborhood news of late is the drop-load of renderings for Phase 1 of the Essex Crossing mega-project. Just like that, ten Lower East Side parcels, some previously vacant, will be completely redeveloped in the next decade. We had it on good authority in 2014 that Taconic Partners – part of the Delancey Street […]

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Streets