Locals Fear Another Supertall will Rise from the Shuttered Manhattan Mini Storage Parking Lot on South Street

Posted on: December 14th, 2016 at 5:00 am by
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The Edison Properties-owned “Park Fast” parking lot at the corner of Market Slip and Water Street – behind Manhattan Mini Storage – closed at the end of October. Customers’ cars are gone, and the hydraulic lifts that serviced them are locked in the ground position.

So, it’s worth mentioning that readers living in the area are worried about what’s to come, given the gold rush of developers mining the Lower East Side waterfront. Indeed, when a parking lot is sealed, it’s usually the first signal that something bigger is at play. Such as another supertall development to trounce the predominantly lower-income surroundings.

However, onsite gossip points otherwise … to Verizon having taken over the lease here. Plans are not entirely clear, but we hear that the utility’s telecommunications equipment will live on this spot. Whether that means a new facility or not is still unclear.

There is no record to date of any sale here.

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Edison Properties – which owns parking lots and other property around the city (e.g. The Ludlow) – purchased 210-220 South Street in 2001 for close to $30 million. Their Manhattan Mini Storage sub-label moved in shortly thereafter.

Built in 1927, this 264,752 square-foot building is historic. Before Edison acquired the property, 210-220 South Street was the newsroom and production facility for the New York Post 25 years running, and before them, home to Hearst’s Journal American.

The 264,752-square-foot factory, originally home to Hearst’s Journal-American, was the base for all Post editorial and production activities for 25 years under several different owners.

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