119 Orchard One Step Closer to Demolition

Posted on: October 20th, 2010 at 6:33 am by

Given the uptick in construction lately, it seems many long-dormant developments in the neighborhood are slowly being nursed back to health.  For instance, work on the future hotel at 163 Orchard Street was revived just last week, and is rising fast.  Now, one block south, activity has been renewed at 119 Orchard, formerly known as Fine & Klein Handbags.

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And it’s looking pretty bleak.  Sometime last week, some outer plywood was installed beneath the semi-permanent scaffolding, bringing the wrecking ball reality one step closer to fruition.  Indeed, DOB permits re-filed three months ago promise almost-certain demolition.

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Yet despite the recent progress, the property is still on the open market via Massey Knakal for $4.7 million.  Same price as last May. As before, the listing boasts development opportunities for a mixed-use building or hotel up to ten stories in height.

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