Real Estate

Signage Arrives for New Essex Market and Regal Cinemas at Essex Crossing

Posted February 20, 2019 at 5:00 am

  As if that 26-story brown building blotting the Lower East Side skyline wasn’t proof enough, the “official” arrival of the new Essex Street Market and Regal Cinemas is now further visible. Marquee signage is up and running at Essex Crossing. The illuminated lettering was installed yesterday outside 115 Delancey Street (aka Site 2). Meanwhile, […]

Filed Under

Icon Terminates Seward Park Garage Lease 3 Years After Parking Privatization

Posted February 19, 2019 at 5:00 am

Three years after the parking garage privatization pitted Seward Park co-op members against the board, the operator is out. Icon/Quik Park tendered its termination over the holiday weekend, and will pull out of the garage at the end of this month. Charles H. Greenthal & Co. management circulated a letter to tenants announcing the news […]

Filed Under

Bowery Demolition Site Hits Market for $26M

Posted February 15, 2019 at 5:00 am

One year ago, side-by-side three-story tenements comprising 139-141 Bowery were quickly demolished. The narrative at the time was that of a mixed-use replacement tower to rise in its place. Instead, it’s been crickets for much of the interim. Now, the double-wide property – measuring 50-by-100 feet – is on the chopping block for a hefty […]

Filed Under

Streets

Wells Fargo Goes Full Monty on the Bowery

Posted February 14, 2019 at 5:00 am

Wells Fargo just fully revealed itself on the Bowery. Gone is the plywood shed and construction materials from the exterior of 276 Bowery. Here now is the unobstructed view of the latest bank on the Bowery. Not Chase, but a Wells Fargo, the first of its kind for the Lower East Side environs. Looks like […]

Filed Under

Streets

Parks Department Readies New Public Bathrooms at ‘Stanton Storehouse’

Posted February 13, 2019 at 5:00 am

Discussion over the fate of the Stanton Street storehouse inside Sara D. Roosevelt Park is back on the front burner. Its partial renovation to include new bathrooms is now underway. Earlier this week, the Sara D. Roosevelt Coalition announced intentions to rally on the proverbial doorstep tomorrow in order to demand the return of the […]

Filed Under

Landmarked Bowery Savings Bank Building Heads to Auction, Could Fetch $50M+

Last modified February 12, 2019 at 9:57 am

[Updated below] The Bowery Savings Bank building could be the next domino to fall in the increasingly aggressive Bowery real estate market. The property at 130 Bowery went on sale yesterday for the first time in nearly twenty years. That the 32,000 square-foot space – currently home to the high-end Capitale catering hall – hit […]

Filed Under

Streets

McNally Jackson Plots Massive Expansion with 2 New Bookstores

Posted February 12, 2019 at 5:00 am

What appeared to be desperation just a few months ago is now completely turned around for McNally Jackson Books. Despite the scare back in October, the independent book shop is staying at 52 Prince Street, as first reported here. So sound is their business, in fact, that the company just spawned two new large-format bookstores. […]

Filed Under

Is the Mayor Honoring Sun Yat-Sen to Neutralize Opposition to Proposed Chinatown Jail? [Op-Ed]

Last modified February 11, 2019 at 11:33 am

The following editorial was written by vociferous Chinatown activist Karlin Chan. In a shameless display of “carrot dangling,” councilwoman Margaret Chin arranged for Mayor de Blasio to visit Chinatown during the Lunar New Year celebration last week (February 5). While delivering the usual New Year greetings, he announced two specific honors for Dr. Sun Yat-Sen: […]

Filed Under

110-Year-Old LES Bathhouse Deemed Unstable, to be Demolished for Turf Field

Posted February 11, 2019 at 5:00 am

The LaGuardia Bathhouse, a Lower East Side relic abandoned since the 1970s, is to be demolished in the coming months, and replaced with a new playing field. The city quietly determined in mid-December that the crumbling building, situated alongside the Little Flower Playground on Madison Street, is not structurally sound and at risk of collapse. […]

Filed Under

Chaotic SoHo/NoHo Rezoning Meeting Leaves Locals Guessing

Last modified February 8, 2019 at 10:36 am

Department of City Planning, Councilwoman Chin, and Manhattan Borough President Gale Brewer together just launched a plan to examine the unique zoning of SoHo and NoHo neighborhoods. Be afraid; real estate speculation can’t be too far behind. The official mission statement of this politically-charged endeavor expresses how the process is meant to “examine key land […]

Filed Under

Streets