Real Estate


Judge Denies Developers’ Motion to Dismiss in Children’s Magical Garden Lawsuit

Posted November 25, 2015 at 5:00 am

​There’s some positive pre-holiday news coming from the Children’s Magical Garden. The ongoing lawsuit against developers regarding a third of the parkland – first levied last year – is moving forward. A motion to dismiss by the defendant was denied. First, though, a quick recap of the situation on the ground. Since 1985, the Children’s […]

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The Lower East Side Receives Its First BitCoin ATM in Delancey Street Bodega

Posted November 24, 2015 at 5:12 am

In which the Lower East Side receives its first official BitCoin dispenser. CoinSource, a leader in BitCoin ATMs (“BTM”), unveiled the first neighborhood machine yesterday inside 61 Delancey Street. The technology sits among the grocery shelving at the N&N Delancey Smoke Shop. From a recent press release that claims the LES as New York’s “trendiest neighborhood”: […]

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7-story Boutique Hotel Shows off its Yellowness on Broome Street

Posted November 24, 2015 at 5:00 am

That unneeded boutique hotel down at Allen and Broome Streets just hit the three-year mark. A milestone, to say the least. To mark the occasion and its recent capping at seven stories, the replacement building at 263 Broome now shimmers yellow. Tacky is probably the most appropriate word. These yellow spotlights were activated beneath the […]

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Gutted Fish: This 3-Block Stretch of Grand Street is Becoming the Latest Gallery District

Last modified November 23, 2015 at 2:51 pm

The easternmost section of Chinatown Grand Street, typically bounded by Allen and the Bowery, is threatened. It would appear that real estate carpetbaggers want this area to gentrify as quickly as possible. The pieces are now falling into place, with brokers pitching this as the new gallery district. A westward extension of what already happened […]

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81 Bowery in 2013, Photo: Annie Ling

CB3 Backs Bill Providing Right to Counsel for Low-Income Tenants Facing Eviction

Posted November 20, 2015 at 5:17 am

There is an eight-month-old bill making its way through City Council that could help stem the rising tide of homelessness. At last count, more than 58,000 people are in the shelter system, according to a recent New York Times article, plus many more on the streets. By attacking one root cause – evictions – two […]

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260 Bowery, September 2015

260 Bowery Sells for $10M Ahead of 8-Story Luxury Condo Project

Posted November 20, 2015 at 5:13 am

Back in September, we broke news that 260 Bowery would be razed and redeveloped into 23,500 square-feet of luxury housing. Demolition permits were filed over the summer, and some preliminary takedown happened. Now, the pre-war building has been sold. It’s all part of the endeavor to drop an eight-story condo building with five units. The Commercial Observer […]

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Seasonal Holiday Lighting Installed Along Orchard Street

Posted November 19, 2015 at 5:16 am

It’s not even Thanksgiving yet, but holiday cheer is already on the streets. The holiday lights returned to Orchard Street on Monday for another go-round of season’s greetings. As in years past, the decorative snowflake orbs are now suspended above the roadway between East Houston and Hester. The designated area under the jurisdiction of the […]

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Fire Survivor at 281 Grand Street Sells for $12.3M

Posted November 19, 2015 at 5:13 am

A lucky survivor of the devastating 2010 fire that burned two mid-block buildings to the ground, 281 Grand Street soldiers on. It’s better off now than it was. At least according to brokers who helped unload the property. Owner Jonathan Jacobs finally sold the five-story tenement for a cool $12.3 million, a significant price chop from […]

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190 Bowery Opens Up Spring Street Entry, Begins Installing New Windows

Posted November 19, 2015 at 5:06 am

Tons of activity over the last couple months at the Germania Bank Building on the Bowery. In a short period, we saw the arrival of sidewalk sheds, COST-like leasing banners, debris chute, and boards in the windows. A security detachment, meanwhile, keeps control of the premises to ward off photographers and bloggers (marginally successful, though). […]

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Site 5 excavation, Oct. 2015

What Lies Beneath, Redux: Are There Buried Bones Beneath Essex Crossing?

Last modified November 18, 2015 at 1:42 pm

Given the recent discovery of two burial vaults in Washington Square Park a couple weeks ago, we figured it prudent to repost our piece about the likelihood of bodies beneath the Essex Crossing parcels on the Lower East Side. PR brass for the developers have denied allegations of the existence of bones on multiple occasions. But […]

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