Over Ten Years Later, Retail Returns to Canal Street Tower with ‘Möge Tee’

Posted on: July 24th, 2018 at 5:03 am by

Back in late 2007, the entire southwest corner of Canal and Eldridge Streets fell. Controversial landlord Baruch Singer had just acquired the assemblage of tenements for $20.5 million. That was the last time any commercial business held court at 86 Canal Street.

Until now.

Ten years and sixteen stories later, the new hotel building has life on the first floor. Illuminated storefront signage teases the forthcoming opening of a bubble tea spot called Möge Tee (yes, there are umlauts). This Canal Street outpost is actually the second for the Flushing-based business. (Apparently franchises are also available.) The menu offers up more than a dozen different types of bubble tea cocktails.

Möge Tee will open this Friday (July 27).

As previously reported, former property owner Baruch Singer purchased the buildings at Canal and Eldridge in 2007 for $20.5 million, and had initially planned a sixteen-story nightmare. The economic downturn threw a wrench in those plans, however, and the controversial landlord instead sold the property (at a loss) to Queens-based Wing Fung Realty Group in 2010 for $16.5 million. The twelve-story residential Canal Tower eventually sprouted, but never panned out, having sat empty for years.

Instead, the space morphed into the blandly-named Canal Loft Hotel, which opened back in March.

March 2012

Recent Stories

Another Look at the Remodeled DeSalvio Playground in Little Italy

Two years of construction, and a decade of advocating, finally let up. About a month ago, Little Italy locals scored early access to a reinvigorated DeSalvio Playground on Spring Street ahead of the “official” opening. The upgraded park at Spring and Mulberry Streets includes a curved seating area with benches, basketball court (with two hoops), jungle gym […]

Report: Teen Boosts Taxi from LES and Attempts Drive to Six Flags

If you’re gonna steal the car, don’t pull over for R-and-R. Police say that 19-year-old Jonathan Gualpa boosted a taxicab parked on the Lower East Side early Tuesday morning and attempted to drive it down to Six Flags Great Adventure in New Jersey. The vehicle was reportedly still running at 5:45am when the teen hijacker drove […]

Neighborhood Group Sues the City to Stop New Towers in Two Bridges

Three months after first leveling the threats, the Lower East Side Organized Neighbors (LESON) has filed a lawsuit to stop four new towers (as part of three developments) from sprouting on the Two Bridges waterfront. The community organization partnered with the Asian American Legal Defense Fund to take the fight to the city. LESON has […]

Man Hit in the Head with Baseball Bat, Robbed on Broome Street

Some crime to report on the new doorstep of Essex Crossing. A man on the eastern fringe of Broome Street was clocked in the head with a baseball bat, and then robbed of his computer, police said. The victim was apparently on his way to a date Monday afternoon when he was struck on the […]

Martin Keehn Boutique Celebrates New Home on Ludlow Street

Menswear designer Martin Keehn began selling on the Lower East Side nine years ago. The boutique occupied a unique fractional address across from Seward Park – 27 1/2 Essex Street – until last summer. The eponymous store made the move around the corner to 53 Ludlow Street back in August. (This was the former home […]