Peace Pentagon Update on Lafayette

Posted on: September 16th, 2011 at 6:09 am by

The iconic Peace Pentagon at 339 Lafayette Street is presently enjoying a freer, uninhibited life. But only temporarily. Not too long ago, the years-old decrepit sidewalk shed, which has acted as both a lifeline and jail cell for the beleaguered building, was pried from the facade and carted away. Debris netting was shipped on scene as a temporary replacement.

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Last year, 339 Lafayette was on the open market via Massey Knakal for a slim $5.95 million. Even though it’s no longer on the chopping block, the company is now pitching the property as a “prime corner long term lease” arrangement. Despite such listings, however, the latest news suggests that building owner A.J. Muste Memorial Institute wishes to hang onto its beloved Peace Pentagon. Their website addresses the aforementioned debris netting and includes other onsite developments:

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  • We are negotiating co-development options that will allow us to rehabilitate the building and keep our sheltering program on site. Any significant updates will continue to be posted here.
  • Our sidewalk bridge scaffolding has been replaced by debris netting, and the NYC Transit Authority is about to remove the sidewalk around our building to work on the subway platform below. We will continue to work with the MTA to manage the impact to our tenants, and to keep the building safe for all who work and meet here.
  • The international design collective that brought their “pop-up” store to one of our empty storefronts in late 2010 is expanding into our last two empty storefronts. Our independent retail tenants are helping to support our sheltering mission during this transition time, so if you’re shopping for clothing or accessories, check out BROW-NY and KD Dance.
  • Our movement tenants are continuing their great work for social justice–and we’re supporting their efforts with our new sheltering grant program.

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