Real Estate

orchard-houston-darkness

Ben Shaoul Paid $108M for the Bereket Development Site at Orchard and East Houston

Posted April 21, 2015 at 5:10 am

A year and a half later, Ben Shaoul finally closed on the deal to acquire the southeast corner of Orchard and East Houston. We’ve known all along that the notorious Sledgehammer was developing the corner plot, but now it’s official. The Real Deal picks up our story scraps and reports that Shaoul, along with Real […]

Filed Under

mahfar-rally-1

Tenants and Advocates Publicly Lambast Samy Mahfar for Constant Harassment and Unsafe Living Conditions

Posted April 21, 2015 at 5:08 am

In a high-profile move, embattled residents of Samy Mahfar (SMA Equities) properties queued yesterday in the rain to announce a new round of legal action. Indeed, now a total of four buildings are suing the notorious slumlord – 102 Norfolk, 113 Stanton, 22 Spring, and 210 Rivington. Here is a quick recap of what went […]

Filed Under

190bowery-leasing

Germania Bank Building on the Bowery Scores Its First Tenants

Posted April 20, 2015 at 8:35 am

It was only last month that photographer Jay Maisel moved his family out of the building they called home for decades (acquired in 1966 for $102,000). Now, the 1898 Germania Bank Building at 190 Bowery – purchased by Aby Rosen last fall for a staggering $55 Million – has its first tenant. According to the Wall […]

Filed Under

Streets

angel-orensanz-open

Angel Orensanz Center Reopens After a Year-Long Closure Due to Structural Instability

Posted April 20, 2015 at 5:10 am

In retrospect, that two-week comeback timeline quoted for the Angel Orensanz Center was really three months. The headquarters at 172 Norfolk Street – built in 1849 – has finally reopened after a year-long closure due to structural instability. Yesterday afternoon, the gates were open, the sanctuary filled with people. Apparently there was some sort of memorial service […]

Filed Under

22spring-mahfar

Samy Mahfar Tenants File 3 More Lawsuits Alleging Harassment; Press Conference Planned Today

Posted April 20, 2015 at 5:00 am

For the embattled tenants of SMA Equities (aka Samy Mahfar) properties across the neighborhood – collectively the Mahfar Tenants’ Alliance – it’s a full court press. Word just came down the pike that residents in three other buildings are filing a lawsuit against the controversial landlord (210 Rivington, 22 Spring, 102 Norfolk). The legal action […]

Filed Under

The future of 57 Orchard St.

This Ugly Copper Condo Tower is Proposed for 57 Orchard Street

Posted April 16, 2015 at 9:47 am

The re-imagining of the Ridley Department Store building (aka Pink Building) on Orchard Street has taken a sudden turn to development. Developer Continental Worsteds, working in tandem with property owner Orchard Street Equities LLC, is in the planning stages to eliminate the stout 57 Orchard and replace it with a monstrous beast of gentrification. YIMBY […]

Filed Under

163orchard-hotel-1

You Can Now Book a Room at the Orchard Street Hotel; Ownership Acquires GEM Soho on East Houston

Posted April 15, 2015 at 5:10 am

The eleven-story Orchard Street Hotel quietly opened on its namesake block late last week. A more formal announcement will happen in the coming days, we are told, but for now, all fifty rooms are available for booking on the recently launched website (powered by booking.com). Verdict – shoebox-sized rooms and spartan living for a premium. […]

Filed Under

karaoke-boho-cleanup

The Last 2 Bars Depart Orchard and East Houston for Ben Shaoul’s 10-story Condo Development

Last modified April 15, 2015 at 8:37 am

It took the Sledgehammer Ben Shaoul just over a year to acquire and boot the businesses at the corner of East Houston and Orchard Streets (Boogie broke the news in December 2013). But the deed is finally complete. Last night, the remaining two operators were finally forced from the block. Both bar 200 Orchard and […]

Filed Under

pier35-skaters-4

Locals Are Sick of Skateboarders Grinding the Pier 35 Esplanade

Posted April 14, 2015 at 9:22 am

The Economic Development Corporation committed a surprising blunder with its design for the East River promenade near Rutgers Slip, at the entrance to Pier 35. And skateboarders are taking total advantage of the oversight. Upon its debut last year, the free open-air activity center beneath the FDR Drive quickly gained favor with the locals. Especially […]

Filed Under

Streets

site5-fence-broome

Plywood Now Surrounds Site 5 of Essex Crossing; Demolition of Firehouse Begins Next Week

Posted April 14, 2015 at 5:17 am

One by one the SPURA parcels are being boxed up and delivered to the developers of Essex Crossing. That historic firehouse sitting at 185 Broome Street is next to fall. It doesn’t matter that the 1930s-vintage building was here for decades; the (non-commissioned) landmark sits on development Site 5 and will be treated as such. […]

Filed Under