15 Orchard Street Sold for $5.25M [Updated]

Posted on: February 16th, 2017 at 5:17 am by

15orchard

Last month, wholesale apparel shop T-Shirt Express was forced up the block to 29 Orchard Street. We learned at the time that the move was a function of the building being sold just weeks prior. Now comfortable in its new digs – way larger and less cluttered than the former – let’s take inventory of the old store.

Public records indicate that Tribeca resident Casandra Lilien (28 Hubert Street) scooped up the four-story building at the end of December for $5.25 million. The final price was more than a million dollars higher than the initial tag when it hit the market two years ago. A month after the transaction, T-Shirt Express was gone, and Lilien donated the space as temporary showroom for the Parsons MFA program.

Update: “[T-Shirt Express] came to us and asked to get out of their lease early without penalty and we agreed,” Lilien says. “It couldn’t have gone smoother.

Another entrant to the much-ballyhooed Orchard Street gallery district, and with it, an even further diminished return.

15orchard-gallery

Recent Stories

Tough Slog for ABC No Rio and its Passive House on Rivington Street

The redevelopment of ABC No Rio into an environmentally friendly passive house is again dogged by delays. In an appeal for donations on Giving Tuesday this month, ABC No Rio director Steve Englander provided an update on status of the new development. Another setback; this time it’s the necessary redesign of the foundation and plans […]

International Center of Photography Readies January Reopening at Essex Crossing with Ginormous Photo Display

Another big-box occupant at Essex Crossing goes live in just a few weeks. In January 2020, the International Center of Photography will unveil its “new, fully integrated” facility at 242 Broome Street. A ginormous, three-story photograph is currently hanging in the windows facing Essex Street as teaser ahead of launch. Shot by school alum Rochelle Brock, […]

Services Now Offered to Chinatown Seniors at Confucius Plaza

A new retirement community program is headed to Confucius Plaza on the Bowery. Earlier this week, Councilwoman Margaret Chin joined Confucius Plaza Management, Hamilton-Madison House staff, and local seniors at the 44-year-old complex to unveil the new Naturally Occurring Retirement Community (NORC) entity. The facility is aptly named The Joy Peace Center, and offers social […]

At 60% Occupancy, 196 Orchard Taps LES Gallerist for Revolving Lobby Art

The synergy between high-end condos and galleries is on full display at Ben Shaoul’s Lower East Side condoplex. It is here, in the lobby of 196 Orchard Street, that local gallerist Lesley Heller has been tapped to curate a revolving placement of art. The residency began this week. Heller – who runs her eponymous showroom […]

Sunshine Cinema Office Development Hit with Stop-Work Order over Excavation

The city halted construction on the commercial office development set to replace the former Sunshine Cinema. Just before the Thanksgiving holiday, Department of Buildings deployed inspectors to the project site and subsequently issued a full stop-work order due to excavation activities. Public records show that “foundation work with excavators” caused “structural cracks” in both the […]