Real Estate

Someone Trashed the Blueprints for the Ace Hotel Bowery on the Sidewalk

Posted June 23, 2017 at 5:09 am

Trash is sometimes treasure. Everyone knows that 225 Bowery is to become the newest Ace Hotel in the stable. However, the company never officially confirmed their intentions here. Even as the transformative construction work atop the building proceeds. Well, official blueprints trashed on Chrystie Street late Tuesday night all but confirm this. We had received […]

Filed Under

Rivington House Co-Owner Picks up Pair of Ludlow Tenements for $15.5M

Posted June 22, 2017 at 5:11 am

Last week, we learned that the corner tenement at 101 Stanton Street (at Ludlow) changed hands for $12.9 million. It was sold by Arwen Properties/Luthien Group to a small consortium of real estate firms. Now, it appears the company simultaneously cashed out the two adjacent properties on Ludlow Street, too. While prior rumors of sale proved […]

Filed Under

8-Story Condo at 210 Bowery is Fully Revealed

Posted June 21, 2017 at 5:11 am

There it is. An unencumbered 210 Bowery, almost ready for tenants. Workers dismantled scaffolding and other construction materials from the facade of this eight-story dark horse a couple weeks ago. Official completion is probably any day now. This latest milestone marks more than two years since the demolition and redevelopment began. Indeed, the former 1930s-era […]

Filed Under

Streets

Bond Street Townhouse, Home of Scrap Metal Shop, Hits the Market for $13M

Posted June 21, 2017 at 5:06 am

It’s an oasis of refuse on a block scraped clean and sanitized with upper-crust wealth. A cluttered workspace that resembles something out of high school shop class. But for how much longer? D&D Salvage – a scrap metal dealership – has heretofore survived the transformation of Bond Street into a glitzy pathway dominated by multimillion-dollar condo […]

Filed Under

Streets

Beth Hamedrash Hagadol Won’t Survive, Here’s Why

Last modified June 21, 2017 at 7:58 am

The fire-ravaged Beth Hamedrash Hagadol, on the Lower East Side for 167 years, is coming down. And there isn’t much that can be salvaged. That was the determination presented to the Landmarks subcommittee of Community Board 3 last night, alongside news that the Department of Buildings already approves full demolition of the city-designated landmark. Structural […]

Filed Under

City Partially Lifts Year-old Stop-Work Order at Rivington House

Posted June 20, 2017 at 5:17 am

Here we go… The Department of Buildings last week lifted, in part, the stop-work order on Rivington House. It was first issued by the city fourteen months ago, in the wake of the budding scandal revolving around the controversial deed lifting and subsequent condo flip. The partial rescind is causing concern amongst neighborhood activists and […]

Filed Under

12-Story Luxury Condos to Rise at Soon-to-be-Demolished 40 Bleecker Street

Last modified June 20, 2017 at 11:06 am

With the addition of yet another luxury condoplex, NoHo is becoming too upper crust for its own good. Next to fall is 40 Bleecker Street, which will be resurrected as twelve stories of residential living. Preparations for demolition of the brick buildings at 40 Bleecker began earlier this month with the installation of token scaffolding […]

Filed Under

City Approves 8-Story Essex Crossing Senior Building at Site 8

Posted June 20, 2017 at 5:00 am

Demolition of another original Essex Street Market building is imminent. The city approved razing the 77-year-old building at 140 Essex Street (aka Site 8) in March. As of last week, developer Beyer Blinder Belle can move forward with its current proposal, and with it, the commencement of Essex Crossing Phase 2. The new development planned […]

Filed Under

Streets

Rabbi Proposes Demolition of Torched Beth Hamedrash Hagadol Synagogue on Norfolk Street

Posted June 19, 2017 at 5:04 am

It’s not looking good for the once illustrious Beth Hamedrash Hagadol. Mendel Greenbaum, rabbi of the fire-ravaged house of worship, filed an application with the Landmarks Preservation Commission to demolish the centuries-old structure. There had been plans in the immediate aftermath of the three-alarm blaze, intentionally set by a 14-year-old boy, to potentially rehabilitate the synagogue. […]

Filed Under

Trio of Bowery Lighting District Buildings Sells for $24M

Posted June 16, 2017 at 5:14 am

Seven months after a slate of Bowery buildings first hit the market, a buyer just emerged. The family of Bowery landlord David A. Cohen sold 162-166 Bowery to investor Ari Zagdanski (Kinsmen Property Group) for $23.5 million, which is $6.5 million under the initial asking price. The deal reportedly went through this week, thus ending […]

Filed Under

Streets