Slate’s Rear Yard Retail Extension at 151 Ludlow Street
The appearance of a drilling rig in the backyard of 151 Ludlow Street in July 2017 now makes sense. It was a precursor to enlargement. Building owner Slate Property Group, which acquired the tenement and its immediate neighbor a month earlier for $15.5 million, is now well underway on a rear yard addition.
The former garden space is now bricked up and rising, as this photo shows.
According to Department of Buildings records, the developer is extending the first floor commercial space into the rear yard. By constructing this “horizontal extension,” the retail footprint increases considerably to an overall 1,992 square-feet.
As part of the overall remodeling project, the front entrance to the tenement was relocated last fall from the middle to the south side with the addition of a new staircase. This repositioning of the ingress led to this more sizable retail space, which some neighbors suspect will be one of the largest in the vicinity, and tailor built for a restaurant or bar.
As for Slate, they aren’t the most beloved landlord this side of the Bowery due to involvement in the ongoing Rivington House scandal. Slate, China Vanke Co., and Adam America Real Estate together purchased the former nursing home for $116 million in February 2016 after the city lifted the deed restriction. The transformation to condos is no longer happening, though, with Mount Sinai now planning a Behavioral Health facility for the former school building.