Real Estate

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CB3 Committee Approves Phase 1 of Pier 42 Park Plan

Posted October 22, 2014 at 5:21 am

The revitalization and beautification of Pier 42 into public parkland is slowly advancing through the bureaucracy. Indeed, Community Board 3 last night heard and approved the final design for Phase 1 of the so-called master plan. Suits from both Matthews Nielsen Landscape Architects and the Parks Department presented to the Parks and Rec subcommittee in order […]

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Billy’s Antiques is Returning to the Lower East Side for One Day This Weekend

Posted October 21, 2014 at 6:07 am

This Saturday (October 25), Billy LeRoy is reviving his antiques business for one day only. He’ll head down to Seward Park to pitch the big-top tent as part of the Hester Street Fair’s “Bedford + Bowery Bazaar,” the last event of the season. Billy Leroy’s eponymous antiques business on East Houston was a fixture of […]

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Orchard Hell Building Retail Units Ready to Rent; Neighbors Fear More Bars

Posted October 20, 2014 at 6:09 am

Pain in the ass would be the understatement of the decade with regard to the Orchard Hell Building. The last ten years of construction has caused both residential and commercial flight from the beleaguered stock of tenements. But for all its past pitfalls (of which there are many), the Hotel Indigo is working hard to […]

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Local Pols Fight for Tenants’ Rights at Samy Mahfar’s 102 Norfolk Street

Posted October 20, 2014 at 5:19 am

Local politicians are rallying around the plight of embattled tenants of 102 Norfolk Street. Those residential holdouts are living amidst unsafe conditions, thanks entirely to slumlord Samy Mahfar, who purchased the building last year for $11 million. Councilwoman Margaret Chin, State Senator Daniel Squadron, Speaker Sheldon Silver, and Manhattan BP Gale Brewer collectively sent a letter […]

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City Planting New Trees on Orchard Street Ahead of Revitalization

Posted October 17, 2014 at 6:03 am

Orchard Street denizens south of Grand may have noticed the broken concrete along the sidewalks. Specific sections were targeted, then jackhammered into submission. So far, the rubble remains. What the eff is going on, you ask? These temporary pitfalls represent sites chosen for new trees, but the contractors didn’t follow protocol to clean up the […]

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Samy Mahfar Spent $5.25M to Acquire 113 Stanton Street

Last modified October 16, 2014 at 11:53 am

Samy Mahfar is now the proud owner of 113 Stanton Street. And the longtime residents couldn’t be more pissed. As we reported last month, the tenants anticipated the sale and already organized a defense force in anticipation of the likely luxury conversion. It took a few weeks for the purchase price to go live, though. […]

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CB3 Signals Support of Siempre Verde Garden, Shuns Proposed Development

Posted October 15, 2014 at 6:09 am

The Siempre Verde Garden spent the last month frantically rallying the troops against the goliath of luxury development. It was a grassroots full-court press – both through social media and in real life – that ultimately succeeded in netting nearly 1,000 signatures in opposition to the plans. What’s more, twelve other neighborhood gardens and a […]

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Ace Hotel Will Add 3 Floors to Its ‘Faux Hostel’ at 225 Bowery

Last modified October 15, 2014 at 7:34 am

The new 200-room Ace Hotel on the Bowery is primed for a cosmetic change. A rooftop addition that flew under the radar. You’ll recall that the former Salvation Army building at 225 Bowery cashed out last spring, and relocated to Brooklyn. Omnia Group and the North Wind Group purchased the property for upwards of $30 […]

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grand-dancehall

For $3.85M, You Can Live in the Cast-Iron ‘Grand Street Museum’ Building

Posted October 14, 2014 at 6:04 am

When 345 Grand Street was erected in 1887, its function was strictly entertainment. “The Grand,” as it became known, hosted five floors of circus-like attractions, from theater to museums of curiosities, and even a menagerie. (A dancehall and rumored brothel also occupied the premises decades later) 127 years on, this cast-iron landmark is the “Grand […]

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The Lower East Side has a ‘Poor Door’ of Its Own with Extell’s 13-Story Affordable-Only Tower

Posted October 13, 2014 at 9:28 am

Separate but equal is not equal – the rally cry voiced during the civil rights movement – is also very much applicable to what’s happening down at Extell’s 250 South Street (aka 227 Cherry) project site. As previously noted, this gargantuan beast is essentially the Lower East Side iteration of the much-maligned “poor door,” a […]

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