The Hadid Clan Really Wants to Live in Hell (Square)

Posted on: April 1st, 2019 at 5:09 am by

Sister models Gigi and Bella Hadid, along with their model mother Yolanda, might together take up residence inside Ben Shaoul’s gold-bricked development at 196 Orchard Street. The family has been searching for a Lower East Side residence that can accommodate this “compound” lifestyle. Hell Square could be the place.

According to a tabloid bit in the New York Post last week, the Hadids might combine a 1,500-square-foot, two-bedroom unit with a large terrace ($4.2 million) with a 2,048-square-foot, three-bedroom unit with a separate terrace ($6.5 million).

Gigi Hadid, for her part, is no stranger to Lower East Side living. She once lived at 250 Bowery, but sold her apartment back in 2016.

The mixed-use project at 196 Orchard took nearly five years from start to finish. Landlord Ben Shaoul, along with Real Estate Equities Corp., together purchased the gargantuan assemblage of twelve single-story stores in 2014 from the Magnano family (which owned and operated the Ray’s Pizza), plus the valuable air rights from Katz’s Deli, for a combined $75 million. (Katz’s Deli reportedly made off with $17 million of the total.)

Recent Stories

‘Bonsai Kakigori’ Dessert Shop Opens on Stanton Street this Week

For Bonsai Kakigori, the three-month buildout period is hastily concluding. The Japanese dessert shop is planning to open its doors to Hell Square this weekend. Co-founded by Gaston Becherano and Theo Friedman, Bonsai Kakigori is a sweets spot centered around the history and culture of the namesake dessert (with roots that date back to the […]

‘Green Roofs’ Are Now Mandatory in New York City

It’s not easy bein’ green, but if you’re a developer, that may become the norm going forward. Capitalizing on the halo of Earth Day, City Council last Thursday passed the Climate Mobilization Act, a sweeping suite of measures aimed at reducing greenhouse gases released from buildings around the city. The carbon emissions package includes three […]

Demolition of Sunshine Cinema is Underway

We were warned this would happen. A year ago, in fact. In that time, vomit-inducing renderings teased the future of the once-beloved Sunshine Cinema. That of a commercial tower. And now the inevitable is upon us. Scaffolding was erected in front of the movie house last week, signaling the beginning of demolition activity. Permits to […]

Uplevel Your Art Game: Superfine! Art Fair in Soho May 1-5 [SPONSOR]

Punk rock spirit meets art market innovation at the third annual Superfine! Art Fair at 107 Grand Street in SoHo, from May 1-5. Not just any other art fair, Superfine! is a place of discovery. Hand-curated by art collector power couple James Miille and Alex Mitow, expect top emerging contemporary art in a friendly, welcoming […]

Shooting on Rivington Street Last Night

There was reportedly a shooting on Rivington Street last night near the corner of Pitt. An eyewitness living in the vicinity tells us that, at about 9:53pm, three shots were fired outside the Rivington Foods bodega. According to unconfirmed reports on the Citizen app, the victim was hit in the right arm and stomach. The […]