About that 47-Story Tower Down by Extell on the Waterfront

Posted on: March 9th, 2016 at 5:18 am by

This image has been archived or removed.

The now-closed Pathmark Pharmacy, October 2012

​Drama down on the Lower East Side waterfront. While Extell’s 80-story market-rate phallus (aka One Manhattan Square) ascends to sights unseen, the neighboring Pathmark Pharmacy site remains in contention for another potential tower. Despite the ongoing litigation.

Roy Schoenberg (pka Little Cherry LLC) previously partnered with Two Bridges Neighborhood Council and Settlement Housing Fund to construct a 47- story residential (mixed income) tower at 237-247 Cherry Street. But TBNC, which owns the land beneath the brick box, backed out of the deal. The sudden action was suspicious, and potentially due to what could be an alleged courtship with Extell, one that ultimately triggered a $50 million lawsuit from Schoenberg.

You see, Extell bought out the remainder of the lease to the Pathamark Pharmacy half of the building (until 2044), and probably wants to acquire the land itself. Indeed, Gary Barnett even mentioned plans to develop the property during his first meet-and-greet with the community two years ago. As leaseholder for the other half, Schoenberg’s initital proposal stands in the way of that goal. So, it’s not such a long-shot to imagine the potential backroom dealing.

This image has been archived or removed.

Word on the street is that Two Bridges Neighborhood Council recently sent a letter to Community Board 3 regarding the Chinatown Working Group zoning proposal and its treatment of the waterfront (Subsection D). The nonprofit specifically asked for no height caps in the area. Mind boggling, as it could eventually lead to a wall of glass along the South Street waterfront. We’re also told that the residents of Two Bridges Tower (82 Rutgers), at one point, proposed a bi-level, affordable supermarket for this vacant building, but were rejected by TBNC.

Meanwhile, the aforementioned lawsuit is still pending, so the development is very much on the back burner, but could still happen in the near future. After all, plenty of big money is at stake here…

This image has been archived or removed.

Below are some vital stats about the Little Cherry project at 237-247 Cherry, should it happen:

  • The Cherry Street tower would cantilever over half of the existing pharmacy building (due to Extell’s lease), effectively blocking sunlight for the senior building at 80 Rutgers.
  • This project, combined with Extell’s 80-story behemoth, would immediately add approximately 3,000 new condominium owners to a single block, in an area deemed a flood zone.
  • TBNC is using every method possible to prevent this from the UULRP/public review process. Two members of its staff were appointed last year to Community Board 3. One is on land use.
  • Locals must already suffer the Extell nightmare, so adding another super-tall construction would worsen quality of life immeasurably.

Recent Stories

Wo Hop Returns Today for Takeout Orders

A beloved Chinatown institution reopens this week, so hop to it. Two flyers taped outside of the Wo Hop basement location at 17 Mott Street state they’ll be open for takeout starting today, from 10:30am to 8:00pm. Their new website is up and running for online orders. If you don’t see your favorite on the […]

Popeyes Chicken Returns to Delancey Street After 6-Year Hiatus

It was more than six years ago that the long-running Popeyes franchise on Delancey Street went out of business. Now, a return is underway for the fast-food chicken restaurant. And directly across the street, at that. Evidence of its arrival, and opening, is mounting at 101 Delancey. Branded red awning is in place, and “Louisiana […]

Odessa Restaurant on Avenue A Closes this Week After 25 Years

Odessa Restaurant, long a bastion of late night cheap eats and great conversation, is set to close for good later this week. Word is circulating on social media that the 24-hour Ukrainian diner ends its Alphabet City tenure on Friday (July 17). Here it stood for twenty-seven years. Staff is starting to tell customers about the […]

Friday’s Under $40: Little Italy

In our new Friday column, contributor Sara Graham hits the streets to find cheap eats and affordable things to do during these weird times. Like many New Yorkers, I’m working from home and I’m definitely developing aches and pains from sitting on an uncomfortable dining chair as I type away from my “kitchen office.” It’s […]

Major Hoarding Happening Beneath Hotel Scaffolding on Orchard Street

Somebody call Hoarders, there’s a junk mound on Orchard Street. For the last few months, a homeless man has been camping beneath the decade-old scaffold affixed to the hotel at 139 Orchard Street (aka the Allen Street Hotel). The individual gradually amassed a collection of garbage, furniture, and other prized street possessions. And apparently, the […]