Real Estate

247cherry-rendering-1

This 77-Story Residential Tower ups the Ante on the LES Waterfront; Locals Are Pissed

Last modified April 28, 2016 at 10:31 am

Extell is no longer the only game down on the Lower East Side waterfront. And, as usual, it’s at the expense of a low-income community. Last night was the rollout, and it certainly stirred up the hornet’s nest. First, some context. The parcel behind the former Pathmark Pharmacy will sprout a 77-story residential building courtesy […]

Filed Under

118orchard-makeover

First Look at the 12-Story Tower that Chased MOSCOT from its Old HQ on Delancey

Posted April 27, 2016 at 9:26 am

For four years, a twelve-story tower has been promised for the northeast corner of Orchard and Delancey Streets. The project is no closer to reality, but there are rudimentary renderings available that showcase the newcomer. Helm Equities (aka David Escava) purchased 118 Orchard Street (aka 86 Delancey) in 2012 for $4.8 million. This transaction was […]

Filed Under

45rivington-nursing

Rivington House Roundup: City Council to Hold Hearing Next Month, AG Schneiderman Alleges He was Misled

Posted April 26, 2016 at 5:12 am

The torrent of Rivington House headlines continues this week following the bombshell news that the Mayor’s administration knew about, and tried to reverse, the $16.1 million deed-lift that led to sale of the former HIV/AIDS nursing home. This scandal just keeps snowballing. Here are some updates… The City Council is expected to hold a hearing […]

Filed Under

Former Pathmark Pharmacy at 237 Cherry St.

Get Ready for Another Supertall Tower Beside Extell on the LES Waterfront

Posted April 25, 2016 at 8:45 am

The old Pathmark site down on the waterfront is becoming a heated zone of gold rush activity. It’s not just the 80-story Extell tower rising here, but the drama surrounding the adjacent “pharmacy” lot. The Little Cherry might mature, after all. Roy Schoenberg (pka Little Cherry LLC) previously partnered with Two Bridges Neighborhood Council and […]

Filed Under

rivington-house-entrance

Report: De Blasio Administration Knew About and Tried to Undo Rivington House Deed Lifting

Posted April 25, 2016 at 5:00 am

This should surprise no one, and equally boil the blood. It appears the Mayor knew all along… Officials in the highest levels of the de Blasio Administration not only knew about, but tried to reverse, the controversial nursing home flip at the Rivington House this year. The New York Post broke the news in a […]

Filed Under

streits-condos-1

Even the Mayor Didn’t Care About the Departure of Streit’s Matzo from the Lower East Side [VIDEO]

Posted April 22, 2016 at 11:37 am

Streit’s: Matzo and the American Dream, filmmaker Michael Levine’s documentary about the venerable family-owned matzo company that called the Lower East Side home for 90 years until 2015, arrived in theaters this week. Just in time for Passover. The film secured a week-long residency here at Film Forum, and is already racking up accolades (e.g. […]

Filed Under

streits-condo

This is the Glassy Condo Building Replacing Streit’s Matzo on Rivington Street

Posted April 22, 2016 at 8:59 am

Here now, on the eve of Passover, a glimpse at what will replace the former Streit’s Matzo factory on Rivington Street. In a johnny-come-lately story published by the New York Times about the Ben Shaoul mega-condo at 196 Orchard Street (“You call it gentrification, I call it ‘cleaning it up,’”), author Ronda Kaysen ends with a bit about […]

Filed Under

When Tristan Eaton painted a mural at 77 Rivington

2 Rivington Street Properties Adjacent to Allen Street Mall on the Auction Block for $11M+

Posted April 22, 2016 at 5:14 am

The bones of a stalled Lower East Side hotel development are being picked apart piecemeal. DAB Group’s dream is done. As part of the overall failure of the Allen Street Hotel on its backside, two adjacent properties on Rivington Street are similarly up for auction. A U.S. Bankruptcy Court judge is soliciting bids, via Eastern […]

Filed Under

170eldridge-sale

Eldridge Street Carriage House Price-Chopped to $9.5M

Posted April 22, 2016 at 5:12 am

Nightlife maven Georges Forgeois is having a bit of trouble selling his palatial “townhouse” at 170 Eldridge Street. The three-story building – a single family duplex with waterfall – remains on the market after more than five months. This week, the price was axed $2.5 million to a new grand total of $9.5 million. And […]

Filed Under

287easthouston-truck

287 East Houston Begins Courting Condo Buyers for 11-Story Tower

Posted April 20, 2016 at 5:13 am

Demolition has yet to begin, yet developers Hogg Holdings and Vinci Partners are already courting condo buyers for the forthcoming 287 East Houston. An eleven-story tower will rise on the parcel, currently occupied by a single-level building and its adjacent lot. The official website went live this week offering a few extra bread crumbs. Namely, […]

Filed Under