Real Estate

Neighborhood Group Prepares Lawsuit Against City Over Two Bridges Towers

Posted December 12, 2018 at 5:01 am

“The City is trying to violate its own law to approve the luxury towers on the Two Bridges waterfront,” announces a flyer from the Lower East Side Organized Neighbors. Mere days after City Council leveled a lawsuit against the City Planning Commission for green-lighting the trio of skyscrapers, more such opposition is in store. The […]

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City Council Levels Lawsuit Against the City to Rein in Two Bridges Skyscrapers

Posted December 10, 2018 at 5:00 am

In the wake of the City Planning affirmative vote last week for three waterfront skyscrapers to proceed, City Council on Friday took legal action to pump the proverbial brakes. The 10-3 result didn’t sit well with Speaker Corey Johnson, who promised that the legislative body would level a lawsuit in no uncertain terms. He took […]

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Is ‘Moishe’s Bake Shop’ on 2nd Avenue Cooked?

Posted December 7, 2018 at 9:38 am

It might be time to sound the alarm for Moishe’s Bake Shop. The Real Deal reported yesterday that investor Jay Schwimmer recently signed a 21-year lease on the entire building at 115 Second Avenue. For all three floors, in fact, including Moishe’s Bake Shop. Occupancy could begin as soon as March, the lease start date. […]

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WeWork Founder Brings ‘Selina’ Hotel Project to the Bowery

Posted December 7, 2018 at 5:00 am

Finally complete after years of construction, 138 Bowery is ready for the big-time, and with an identity to boot. Backed by WeWork founder Adam Neumann, Selina is a multipurpose hospitality endeavor that marries co-working options with hotel rooms, retail, and food offerings. The lodge features 90 keys designed in collaboration with local artists and designers, […]

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The Tower at MOSCOT’s Old Orchard Street HQ is Now Above Ground

Posted December 6, 2018 at 5:08 am

Six years after MOSCOT moved across the street, the multimillion-dollar cause of its ousting is slowly ascending. We’re talking, of course, about the twelve-story tower currently under construction at the northeast corner of Orchard and Delancey Streets. Foundation and underpinning work recently wrapped, and the superstructure skeleton is now poking above the plywood. Sitting at […]

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City Planning Approves Two Bridges Skyscrapers, Opponents Threaten Legal Action

Posted December 6, 2018 at 5:00 am

The dystopian future in which glass towers wall off the Lower East Side waterfront is now much closer to happening. City Planning Commission yesterday approved controversial plans for three proposed skyscrapers that will drastically change the composition of the neighborhood. The Real Deal reported that the vote carried by a 10 to 3 margin, thereby […]

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Haven Green is Not up for the Challenge in Little Italy [OP-ED]

Last modified December 6, 2018 at 9:19 am

The debate over whether to bulldoze Elizabeth Street Garden in Little Italy for the Haven Green senior affordable housing continues tonight courtesy of Community Board 2. Co-developers of the seven-story mixed-use project – Pennrose Properties, Habitat NYC, and RiseBoro – are expected to present the “Final Design” at this public hearing. CB2 is anticipating a […]

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‘AHRC New York City’ Nonprofit Moves to the Lower East Side

Posted December 3, 2018 at 5:04 am

Two years after the Comprehensive Kids Development School vacated the commercial base of Blue condo, its former upstairs digs is now home to a social services agency. AHRC New York City, an organization that supports people with intellectual and developmental disabilities, inked a 15-year lease at 130 Delancey Street. The deal came about due to […]

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Year-Old Development at 324-326 Grand Street Listed for $33M

Posted December 3, 2018 at 5:00 am

It was nearly a decade in the making, but finally debuted in the spring of 2017. Now, the new mixed-use development at 324-326 Grand Street is officially on the market. The new elevator building – complete with exterior art-washing by Cryptik – was listed last week for a wallet-busting $33 million. There are two commercial units […]

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Mayor Nixes High-Rise Chinatown Jail at 80 Centre Street

Posted November 29, 2018 at 5:05 am

The proposal for a high-rise jail in Chinatown ended in major defeat yesterday. Mayor de Blasio threw in the towel, and is no longer considering the proposed 430-foot prison complex at 80 Centre Street. Nixing this site is owed largely to purported problems relocating the main occupant here, the city’s marriage bureau. The Mayor’s press […]

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