Real Estate

Ben Shaoul’s Condo Development at 196 Orchard Street Reaches 8-Story Height

Posted August 1, 2017 at 5:03 am

Since this past spring, the new condo development by hated landlord Ben Shaoul has made steady progress. Nothing is stopping this ascent. The superstructure of 196 Orchard Street is already at approximately eight stories, and still has about three to go. The so-called “Sledgehammer,” Ben Shaoul, scooped up this block of East Houston for $75 […]

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Hotel East Houston Sells for $16.75M, Rechristened ‘Ridge Hotel’

Posted July 31, 2017 at 5:16 am

On the occasion of its tenth year in the neighborhood, the Hotel East Houston just changed hands. Former owner Jin Sup An (also behind the 36 Hudson Hotel) parted with the property two weeks ago for $16.75 million, according to public records. The transaction is about $5 million less than the asking price when the […]

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As One Bowery Restaurant Supply Business Goes Bust, Another Takes Over

Posted July 28, 2017 at 5:08 am

AAA Quality Restaurant Supply – a well-known equipment supplier at 272 Bowery – went out of business at the end of last year. The three-and-a-half-year-old Sunrise Rainbow Kitchen Supply, located two doors away at 276 Bowery since 2013, recently signed the lease and has taken over (and dropped the Sunrise). This small section of the Bowery […]

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Streets

Drilling in Rear Yard of 151 Ludlow Street Worries Neighbors

Posted July 28, 2017 at 5:02 am

One month after 151-153 Ludlow Street changed hands in a $15.5 million transaction, all signs are pointing to potential property redevelopment. Drilling in the rear yard was enough to raise the antennae of neighbors worried about the future here. Two contractors were spotted in the backyard of 151 Ludlow Street with a makeshift rig to, […]

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Vacant Attorney Street Lot Prepped for 8-Story Luxury Rental

Posted July 27, 2017 at 5:00 am

Once the vacant lot at 91 Attorney Street was razed and cleared of debris in 2009, the parcel remained dormant for another eight years. That is, until its reactivation earlier this year. Developer Morris Platt picked up the long-neglected lot for $4 million back in 2013. Two years later, he partnered with Marin Architects to […]

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Of Course 287 East Houston Would Hold a ‘Topping Off Party’

Posted July 26, 2017 at 9:47 am

No, not a tops off party… The new 12-story condo development at 287 East Houston topped off last week. Its PR team is so giddy about the milestone that they’re throwing a “topping off party” to celebrate (aka promote the project). The private “breakfast-for-dinner” cocktail happy hour will be held tonight at the Clinton Street […]

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Councilwoman Margaret Chin Threatens Legal Action Over Two Bridges Supertall Towers

Posted July 26, 2017 at 5:11 am

Last Friday, local politicans and community leaders held a rally outside the senior center at 80 Rutgers Street to protest the so-called “wall of glass” coming to the Two Bridges waterfront. The media stunt was an effort to push the City Planning Commission to think twice before approving the applications for these monstrous buildings when […]

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Streets

Seward Park Co-op Board Prevails Against Disgruntled Residents in Parking Garage Privatizing Lawsuit

Posted July 26, 2017 at 5:04 am

The civil war that polarized the Seward Park Co-ops for the last year finally concluded last week. The Seward Park Board of Directors essentially privatized the garage as a for-profit parking operation when it entered a ten-year lease with Icon/Quik Park in early 2016. It was a 6 to 5 vote at the time. According […]

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Danny the Steward of Orchard Street Faces Eviction, Pleads for Help

Posted July 25, 2017 at 9:44 am

While Nathan might be the mayor of upper Orchard Street, south of the Delancey divide, that title belongs to a bearded man named Danny Coffey. You’ve definitely crossed paths with him, forever patrolling the block between Grand and Broome Streets, often whistling loudly to himself. Danny is now in a tough spot and seeks community […]

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LES Parks Update: Henry M. Jackson Opens, Sol Lain Playground Still Months Away

Posted July 24, 2017 at 9:38 am

Out on the “bulge” of the Lower East Side, two parks within spitting distance of one another are currently undergoing multimillion-dollar upgrades. The Henry M. Jackson and Sol Lain Playgrounds closed back in August 2016 when the official ground-break commenced in front of the media camera. Both reconstruction projects – roughly on the same trajectory […]

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Streets