Real Estate

Grand Street Guild Files Plans for 15-Story Affordable Housing Tower

Posted August 16, 2019 at 5:00 am

New towers are coming to Broome Street on the Lower East Side. Now we have sight of the first newcomer. Back in January of 2018, the Grand Street Guild nonprofit officially announced the imminent construction of two, as-of-right 15-story apartments on its property, plus a parking garage. All 400 of the proposed units are earmarked […]

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The Newest Tower in the Lower East Side Skyline Gets its Skin

Posted August 13, 2019 at 5:08 am

Simply put, Essex Crossing hogs headlines when it comes to progress of new developments along Delancey Street. And with good reason – there are six towers in varying degrees of completion. Now, another tower officially adds skin to the nascent skyline canyon. It is the development that essentially forced Moscot to move across the street […]

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CVS will Open in Hell Square on August 25

Posted August 13, 2019 at 5:05 am

CVS is less than two weeks from opening another location on the Lower East Side. And, as such, Hell Square is now bookended by corporate pharmacies. The illuminated store signage made its way to the southeast corner of Orchard and East Houston Streets. You know, the chi-chi eleven-story condoplex developed by controversial landlord Ben Shaoul. […]

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Luxury Conversion of Landmark Bialystoker Nursing Home Underway

Posted August 13, 2019 at 5:00 am

No longer home for the aged, the Bialystoker on East Broadway is henceforth a lap of luxury. Round Square Development (née Ascend Group) filed the first permits last week to begin the conversion process. To renovate the “existing community facility” into condo units. The rooftop water tank was also removed over the weekend. You’ll recall […]

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Will the Mandated Storefront Vacancy Database Solve High Rent Blight?

Posted August 9, 2019 at 5:08 am

City Council last month passed a bill that would require all business owners to register their storefronts with the city. This move toward cataloging aims to be the first public database of retail spaces with corresponding vacancy status in the country. “Int. No. 1472” was introduced earlier this year by the office of Borough President […]

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Streets

The New ICP Center at Essex Crossing Loses Eleven Madison Park

Posted August 9, 2019 at 5:04 am

What was once touted as the “cultural anchor of Essex Crossing” is now dead in the water. Catching up on some Essex Crossing miscellany… Hospitality group Make it Nice (of Eleven Madison Park fame) joined forces with the International Center of Photography well over a year ago, with the ambition to provide premium private event […]

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Drilling Begins at Beth Hamedrash Hagadol for New 30-Story Development

Posted August 8, 2019 at 5:00 am

And so it begins. The full-scale redevelopment of the charred Beth Hamedrash Hagadol site on Norfolk Street. Back in June, the Landmarks Preservation Commission approved plans to demolish the surviving south tower, which city officials had hoped to incorporate into the new two-towered development in the works. City engineers subsequently surveyed the wreckage and concluded […]

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Thirty Years Absent, New Jarmulowsky Bank Cupola Nears Return to Orchard Street

Posted August 6, 2019 at 5:00 am

It’s probably one of the more tasteful additions to the Lower East Side skyline in recent memory. Now, two years after the steel skeleton was first installed, the fifty-foot cupola atop the Jarmulowsky Bank Building is nearing completion. Look up and beyond the black netting to see the colonnade, brass dome, and other decorative elements. […]

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Two Bridges Developers Plan to Appeal Court Ruling on LES Mega-Towers

Posted August 5, 2019 at 5:04 am

Well, this was certainly inevitable. No sooner did the Supreme Court force the land review process on three controversial Lower East Side towers than the developers announced intentions to appeal. Last Thursday afternoon, State Supreme Court Judge Arthur Engoron ruled in favor of New York City Council and Manhattan Borough President Gale Brewer in their […]

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Streets

Judge Rules in Favor of Public Review Process for Two Bridges Mega-Towers

Posted August 2, 2019 at 5:00 am

Another defeat for developers in the battle for the Lower East Side waterfront. Yesterday afternoon, State Supreme Court Judge Arthur Engoron ruled in favor of New York City Council and Manhattan Borough President Gale Brewer in their lawsuit against the city, which contends that the three proposed mega-developments in the Two Bridges neighborhood must go […]

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Streets