More on the 12-Story Second Avenue Housing Plan

Posted on: December 9th, 2010 at 6:40 am by

Tuesday afternoon, the Local East Village dropped bombshell news that the block of Second Avenue between East Houston and First Street is on course for some heavy change.  Not just renovation.  It would spell at least two years of demolition, construction, and misplaced tenants and businesses.  And if all the necessary hurdles and red tape are cleared, this could be a glimpse of the future.  Can you imagine Mars Bar as we know it living and breathing here?

Now that we have your attention, let’s dive into some of the details. This issue was the leadoff item on the agenda at last night’s CB3 zoning committee meeting.  Juan Barahona of developer BFC Partners was in the house to further explain their plans.  The proposed twelve-story building will contain roughly sixty total units, twelve of which are slated to become affordable housing. Nine of said units are earmarked for returning families; three are for new families (lottery).  Meanwhile, the remaining lot will be market rate living, but BFC is still unsure if they’ll be rentals or sales.

But concessions are definitely in order for the nine returning families. Those living in 9 Second Avenue will receive comparable living quarters.  However, the four tenants in 11-17 Second Avenue with 2,000 square-foot lofts agreed to downsize to 1,200 square-feet in the new building.

One committee member was alarmed that the affordable tenants might quickly turn around and flip after purchasing for only $1.  She was assured, however, that flip taxes are a component of the inclusionary program to discourage such schemes (7% net profits reinvested in building).  A short time later, thirty-year building resident Gretchen Green had the conch, as it were, and spoke in support of the measure, reiterating how the living conditions aren’t 100% safe and how this would be a welcome change.

The board voted to carry the measure, with one abstention.  While there were other issues on the agenda last night, this was the most popular.  Much of the crowd dispersed after the vote.

Recent Stories

Breaking: Person Struck by Subway at East Broadway [Updated]

Shortly after 12pm, a straphanger standing at the East Broadway station and was struck by a northbound train. Apparently the victim “fell” into the oncoming train. All F train service to Queens is delayed indefinitely. Emergency personnel responded and carted the victim on a stretcher. We’re told that he is “okay.” Power to the third […]

Clayton’s Corner: Of Generations and Gentrification [PHOTOS]

As the unrelenting winds of the international corporate gentrification keeps eroding away the deep, rich, soil of our culture, it also disposes of “neighborhood” and “community.” It affects both collective memory and history. For example: changing the name of PS 122 into Performance Space New York obliterates the connection to the previous 30-year history. Another […]

Rumor: McNally’s ‘Cherche Midi’ to Close by Summertime

Renowned restaurateur Keith McNally last week sold his West Village townhouse for $10.3 million. Elsewhere, his Bowery hangout is rumored to shutter. Word on the street is that Cherche Midi, the three-year-old successor to Pulino’s Pizzeria is on the way out. A tipster tells us that management began telling staff of the impending closure – […]

East Broadway Walkup Fetches $7M

The East Broadway corridor adjacent to Essex Crossing is heating up. Case in point: the five-story tenement at 215 East Broadway, near Clinton Street, just traded hands for the princely price of $7 million. According to the city’s public transactions database, the buyer of record is apparently a resident of the adjacent building, named Ms. Wang. […]

Discovery of Asbestos at 85 Bowery Delays Return of Displaced Tenants

The discovery of asbestos during rehabilitation efforts at 85 Bowery has thrown a wrench in the timeline of return for exiled tenants. Roughly one hundred tenants (mostly low-income) remain homeless, now two months after the city ordered their eviction. This is all part of the latest chapter in a nasty dispute with controversial landlord Joseph […]