Nabe News: August 14

Posted on: August 14th, 2009 at 12:54 pm by

Visit Cactusbones on Flickr to see great photos of eighties New York, including shots in the East Village/Lower East Side [Flickr via EV Grieve]

The checkered history behind 135 Bowery.  Back in 1885, the property was a raucous gambling house called Red, White, and Blue, and was operated by one Gottfried Walbaum.  In 1900, the original building was replaced and the debauchery continued unabated.  Now it’s owned by the bank [Lost City]

Upscale LES denim joint Amoskeag XX is pairing up with Brooklyn Flea vendor Hideya Sagawa [Brownstoner via Racked]

The continuing saga of 128 Hester Street.  Demolition permits for the collapsing property probably won’t be issued for another month.  Borough President Scott Stringer accused the landlord of not properly maintaining the building in the face of the nearby hotel construction.  Furthermore, Stringer claims that “the hotel and 128 Hester are owned by the same people, who stand to benefit from 128 Hester being knocked down.” [Downtown Express; Previously]

Many pundits are comparing the hotel market with Kubrick’s Shining.  As in the movie, “a once-luxurious hotel paradise turns out to be a house of horrors that’s nearly impossible to escape.”  By the end of Q3, half of the city’s hotels will reportedly be in technical default on loans.  Sounds reassuring [The Real Deal]

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