Real Estate

jarmulowsky-response

Jarmulowsky Bank Hotel Conversion Issued Full Stop-Work Order After ‘Concrete Incident’

Posted October 31, 2014 at 9:19 am

Conversion of the landmark Jarmulowsky Bank Building to shi-shi hotel hit a major roadblock this week. As we first reported, scaffolding came loose from 54 Canal Street early Monday morning. Apparently pressure from recently-poured concrete atop the 1912 Beaux Arts-style structure caused the ironwork to dislodge, endangering everyone in the immediate vicinity. An estimate five yards of […]

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Streets

134bowerysite

Sale of Five Bowery Properties for $45M Threatens Its Rich Cultural History

Posted October 31, 2014 at 6:09 am

Yesterday afternoon, we broke the blockbuster news that five historically significant buildings on the Bowery were sold as a package deal for $45 million. While still unconfirmed, it’s rumored that the buyer is John Young of Emmut Properties. Luxury living is allegedly planned for the 75,000 square-feet of buildable real estate, whether through rentals or […]

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Streets

134bowerysite

Five-Building Bowery Development Site Sells for $45M; Federal-Style Row Houses Will Fall

Last modified October 30, 2014 at 7:28 pm

The dominoes on the Bowery continue to fall. Word just came down the pike that the long-vacant stretch of former lighting stores comprising 134-142 Bowery sold for an astonishing price. The five contiguous buildings netted $45.25 million for the respective owners. Total buildable square-footage is approximately 75,000 square-feet. Jan Sasson, president of E Property Group represented […]

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seward-park

Seward Park Conservancy Forms with the Goal of Ending the Neglect

Posted October 30, 2014 at 6:04 am

It was the first permanent, municipally-built playground in the United States, yet Seward Park receives little love outside the history books. What began a project by the Outdoor Recreation League (Lillian Wald and Charles Stover) to get kids off the streets was eventually snatched up by the City of New York. Rarely is this past […]

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Streets

Photo: Manhattan Sideways

Tifereth Israel Town and Village Synagogue on 14th Street is Designated a Landmark

Posted October 29, 2014 at 6:02 am

Local activists kept the faith and a Lower East Side icon was saved. Thanks to the grassroots efforts of the Greenwich Village Society for Historic Preservation and its supporters, the 150-year-old German Romanesque-style Tifereth Israel Town and Village Synagogue at 334 East 14th Street is now officially designated a city landmark. The Landmarks Preservation Commission decreed the protective […]

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Streets

135eldridge

New Landlord of 135-137 Eldridge Street Reportedly Harassing Longtime Chinese Tenants

Posted October 29, 2014 at 5:28 am

It’s open season on the Lower East Side for corruption. Another day, another rent regulated building targeted, purchased, and (allegedly) harassed into submission. The newest instance is near the southwest corner of Eldridge and Delancey, a block that continues on its trajectory of gentrification. What’s happening at 135-137 Eldridge is a textbook case of landlord […]

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CitizenM Hotel on the Bowery Readies Construction; Bus Shelter Dismantled

Posted October 28, 2014 at 5:25 am

CitizenM received blessings from the Department of Buildings back in May for its 19-story skyscraper. As part of the approval, the city okayed the zoning shift from commercial (C6-1) to residential-hotel (R-1). Since then, however, the vacant land had become a parcel of overgrowth and target for street artists. Only now is there finally some […]

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76easthouston-plywood

Six Inches of Drama Exposed at the Former Billy’s Antiques on East Houston

Posted October 27, 2014 at 6:04 am

As of this week, we’re starting to see the first signs of real progress at 76 East Houston. The tiny corner lot – previously headquarters of Billy’s Antiques for over two decades – is soon to sprout a two-story commercial complex. But there is currently some ongoing drama to unpack. You may recall that the […]

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AAA Ichiban Sushi on Orchard Street Closes Ahead of Ben Shaoul Development

Posted October 24, 2014 at 5:25 am

The northeast corner of Orchard and East Houston is slowly giving up the ghost. As we’ve been reporting, controversial landlord Ben “Sledgehammer” Shaoul purchased the L-shaped low-rise strip and is gradually booting the businesses. We lost Bereket and Philly’s Cheese Steak over the summer; Taqueria will soon move up to St. Mark’s Place and received blessings from […]

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Seatless Benches Along Allen Street Mall are Missing Slats Due to Manufacturer Defect

Posted October 23, 2014 at 6:10 am

When the city revamped the Allen Street Mall a couple years ago, residents welcomed the spiffy new street furniture. Late-night conversation sessions or mahjong games are a common sight around here. Not to mention homeless pitching camp for cookouts. However, the equipment is proving fairly cheap and unreliable. Those curvy benches in the medians are […]

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Streets