Real Estate

Long-Delayed Pier 35 Park Now Sports Some Major Heft

Posted June 15, 2017 at 5:18 am

Took ’em long enough, but it appears the severely delayed Pier 35 project is finally back on track. That curved structure you see rising along the perimter is part of the so-called “screenwall” that will shield the new park from the Department of Sanitation-operated pier next door. It’s also one of the primary hurdles that […]

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Streets

Here’s Your Chance to Bitch About Mayor de Blasio to His Face

Posted June 15, 2017 at 5:16 am

City Hall announced yesterday that Mayor de Blasio will host a town hall event on the Lower East Side next week. So, if you have something to say, say it to his face. Officials note that all topics are candidates for discussion. Plus, commissioners and representatives from other city agencies will also be there for […]

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Streets

‘Rumored’ Ace Hotel on the Bowery Begins its Rooftop Ascent

Last modified June 14, 2017 at 11:16 am

The Ace Hotel on the Bowery is now recipient of some new vertical appendages. After years of gut renovation, the heavy duty work is now visible on the exterior. A truck-bound crane began daily deliveries of steel beams to the project site last Friday, kickstarting the process of constructing the rooftop addition. Eventually, this new construction […]

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Streets

Imminent Demolition of 68 Spring Street Leads to 8-Story Mixed-Use Rental Building

Posted June 14, 2017 at 5:09 am

The scruffy one-story building at 68-70 Spring Street has a date with demolition. Marching orders were given to the collection of sneaker shops and assorted retail (and FedEx Office before its move across the street) within the last couple months. In other words, the City Marshal paid a visit. The other sign of demolition, quite literally, […]

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24-Story ‘Gateway’ to Essex Crossing Gets Some Skin

Posted June 13, 2017 at 9:35 am

Out of the ground for months already, the so-called “Gateway” to Essex Crossing stands at roughly seven stories, and now sports some noticeable contextual definition. Last week, the first deliveries of paneling started to arrive at Site 2, slated to rise 24 stories. The new brown-hued exterior, known as the curtain wall in construction parlance, is […]

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Stanton Street Corner Tenement Sells for $12.9M

Posted June 12, 2017 at 9:33 am

The hulking tenement anchoring the southwest corner of Ludlow and Stanton Streets just sold for $12.9 million. A small consortium of real estate firms – Penn South Capital, Conway Capital and Rudd Realty Management – picked up 101-103 Stanton. Seller of record was 101 Owners Corp., which acquired the building in 2004 for $2.7 million. […]

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Outdoor ‘Cactus Store’ Sets up Shop in Vacant Essex Street Lot

Posted June 12, 2017 at 5:14 am

The sudden rebirth of the dormant lot at 5 Essex Street is now upon us. That “garden” replacement we told you about last month is actually less a refuge, and more a retail endeavor. Indeed, the lot is henceforth converted into a seasonal plant store, which explains the new open-air pavilion feel, complete with pavers […]

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Streets

93,361 People Have Applied for 104 Affordable Housing Units at Essex Crossing

Posted June 9, 2017 at 5:11 am

In case you were curious about the demand for affordable housing on a hyperlocal level, just look to Essex Crossing. According to the latest city tally, a staggering 93,361 people have applied for the 104 available affordable apartments at 145 Clinton Street. The fifteen-story development is one of nine new sites that are being redeveloped […]

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Hotel Indigo LES Hits the Market for $176M

Posted June 8, 2017 at 5:05 am

This is big. It took a decade to build, and now the Hotel Indigo (aka Orchard Hell Building) is on the open market. Barely two years after the property debuted, Brack Capital and partner InterContinental Hotels Group, both of which purchased the stalled development site in May 2011, are looking to cash out big time with […]

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How One Chinatown Block is Mobilizing Against the Controversial ‘Le Baron’ Replacement

Posted June 7, 2017 at 5:15 am

Le Baron has been dead in the water since June 2015, having dipped out for a “summer vacation” that ultimately proved permanent. Two years later, elements of the former ownership are still committed to opening a new nightclub on the spot, but Chinatown residents aren’t having it. So much so, that the Chinatown Residents Block […]

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