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Rivington House Sells to Mystery Buyer for $160M
Posted September 19, 2019 at 5:00 am
The saga of Rivington House continues this week with news of its sale. Indeed, three years after Slate Property Group, China Vanke Co., and Adam America Real Estate together purchased the property, the ownership team is cashing out. Price paid for the real estate was $116 million; sale price is $159.6 million. For the moment, […]
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‘The Modern Chemist’ Chain Opens LES Outpost at East Houston and Orchard
Posted September 18, 2019 at 5:00 am
Trendy local chain, The Modern Chemist, now has a presence on the Lower East Side. The company just debuted this new outpost in the other half of what was once American Apparel at East Houston and Orchard Streets. A sandwich board out front advertises the new opening. The Modern Chemist, which counts three other locations […]
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‘Saigon Social’ Begins Build-Out at Former Mission Cantina
Posted September 17, 2019 at 5:00 am
For the first time in years, 172 Orchard Street is seeing some activity in the ground floor retail. Not since Mission Cantina closed down in December 2016 has there been movement. Instead, just a revolving door of suitors considering the space. And a never-ending supply of storefront graffiti. Now, renovations are afoot. Restaurateur Helen Nguyen […]
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Streets
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The Lower East Side has the Largest Surplus of Unsold Luxury Condos, Thanks to One Manhattan Square
Posted September 16, 2019 at 5:00 am
The city currently has a problem unloading the luxury condos flooding the market. The New York Times last week published a piece about the glut of unsold apartments in the luxury stratosphere. That, despite the bonkers pace of construction in the high-end market, supply is outstripping demand. The data, culled from a StreetEasy audit, found […]
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‘Partybus Bake Shop’ Parks itself on Essex Street
Posted September 13, 2019 at 5:00 am
A different kind of party bus is rolling into the Lower East Side this fall. One ostensibly without the drunken mess. It’s Partybus Bake Shop, an artisanal bakery opening in the former Chinese seafood wholesaler at 31 Essex Street. Upon debut next month, expect a “rotating seasonal menu [of] classics including breads, pies, and cookies […]
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‘Delicatessen’ Shuttered Suddenly Yesterday After 11 Years on Prince Street
Last modified September 12, 2019 at 9:50 am
After eleven years situated at the nexus of SoHo and Little Italy, Delicatessen and its Macbar sibling, closed suddenly yesterday morning. Many longtime breakfast regulars were stunned by the closure. Delicatessen, a 2,000 square-foot faux deli, debuted in the summer of 2008 as an extension of Chelsea’s Cafeteria. It was a cacophonous hotspot out of the gate, and […]
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The Fat Baby Space on Rivington Street is Again Epicenter of New Community Battle
Last modified September 11, 2019 at 6:57 am
When it comes to nightlife, few areas attract the controversial quite like the tiny block of Rivington Street, between Ludlow and Essex, in Hell Square. And so it goes that the problem child formerly known as Fat Baby is back in the center of a new battle with the community. The battlefield was set Monday […]
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The Pile of Rubble that was the LaGuardia Bathhouse
Posted September 10, 2019 at 5:00 am
It had been dormant since the 1970s. Now it’s a pile of rubble. The LaGuardia Bathhouse – built in 1909 – met its unceremonious end last week after months of demolition work. A backhoe currently sits atop the heap of century-old masonry, clearing the site for an empty field. As previously reported, the city quietly […]
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Streets
East Village ‘Pinks’ Opening New Chrystie Street Cantina Next Week
Posted September 9, 2019 at 5:00 am
Pinks, the five-year-old East Village haunt, is readying its newest location for an opening next week. And the new spot is not too far from the year-old stall at the Bowery Market. But its presence is two years in the making. Pinks principal Avi Burnbaum first approached Community Board 3 back in October 2017 for […]
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Bari Restaurant Equipment Lists Prince Street Building for Sale
Posted September 6, 2019 at 5:00 am
On the Bowery for decades, Bari Restaurant Equipment is now unloading some property. The business recently placed one of its corner buildings on the market. Following its purchase of 234 Bowery and 5 Prince Street in July 2016 for a combined $12.3 million, Bari relocated its manufacturing arm across the river to New Jersey. That […]
