Real Estate

The Fight Against the Two Bridges Towers is Far from Over [OP-ED]

Posted September 23, 2020 at 5:05 am

The following editorial was written by the Coalition to Protect Chinatown and the Lower East Side. Councilwoman Margaret Chin would like you to believe the Lower East Side and Chinatown are dead. That she tried courageously to save our community from being demolished by four mega-towers, yet the Appellate court wouldn’t let her prevail. Though, […]

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Streets

These 3 Developments Threaten to Sever Chinatown Traffic Arteries in the Coming Years [Op-Ed]

Posted September 22, 2020 at 5:15 am

As if the climate wasn’t dire enough for Chinatown businesses and residents amidst the pandemic, a proverbial perfect storm is brewing. Long-suffering Chinatown businesses, like much of the city, are encouraged by the loosening of indoor dining restrictions and remain hopeful for a return to some level of normalcy. However, it could be short-lived due […]

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Community Lawsuit Halts City’s Chinatown Jail Plans

Posted September 22, 2020 at 5:05 am

The Borough-based jail plan hit another major snag this week, with a grassroots lawsuit blocking the proposed Chinatown prison. Neighbors United Below Canal, a community organization, announced yesterday that its lawsuit won an injunction against development of the thirty-story high-rise at 125 White Street. Judge John Kelley ruled in favor of the community, noting that […]

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Streets

$50M Ground Lease for Lighting by Gregory Property on the Bowery

Last modified September 15, 2020 at 8:49 am

The Bowery lighting district is again in the spotlight due to real estate speculation. Something big is coming. Word came down the pike this week that Real Estate Equities Corp. signed a 100-year ground lease on the assemblage of 156-166 Bowery, the spot occupied until two years ago by Lighting by Gregory. Property records show […]

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Grand Street Guild Inches Closer to Development of Affordable Towers

Posted September 1, 2020 at 5:00 am

It was one year ago when renderings first circulated of two new towers for the Lower East Side skyline. Now there is more updated information on the affordable housing project by the Grand Street Guild. If Department of Buildings approves the applications and zoning modifications, the massive development would break ground behind St. Mary’s Church, […]

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Appeals Court Reverses Decision Blocking Two Bridges Towers

Posted August 28, 2020 at 5:00 am

In a major upset, the Appellate Division of the New York Supreme Court yesterday sided with a gaggle of developers in the long-running dispute over four skyscrapers on the Lower East Side waterfront. The verdict reversed the lower court ruling that had essentially blocked the wall of glass from happening. State Supreme Court Judge Arthur […]

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Streets

Another Look at Horizon Group’s Conversion of Historic Rivington Street Library into Luxury

Posted August 25, 2020 at 5:00 am

The Beaux Arts library at 61 Rivington Street is amidst luxury conversion. Going on two years now. Finally, there is a rendering of what to expect here. The Horizon Group, which acquired the historic building in May 2018 for $8.4 million, intends to impart this glassy twenty-foot extension atop the current four-story structure. The new […]

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Judge Tosses Lawsuit, Clearing Way for East River Park Resiliency Project

Posted August 24, 2020 at 5:00 am

The destruction and redevelopment of East River Park will move forward, as one thorny legal hurdle was cleared last week. New York Supreme Court Judge Melissa Crane on Thursday dismissed a grassroots lawsuit challenging the $1.45 billion East Side Coastal Resiliency project, which will overhaul a swath of Lower East Side coastline to protect the […]

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Streets

Ode to the Doomed Trees of East River Park [OP-ED]

Posted August 13, 2020 at 5:05 am

The following editorial was written by Lower East Sider, Barbara Katz Rothman. There’s something truly sad about the sight of a dead tree. Look at that photo of the tree killed by the storm last week. We think of trees and use them as metaphors, so often, even by “urban types” like me who actually prefer city skylines […]

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Streets

Essex Crossing Starts Leasing at The Artisan with Rentals Topping $3,000

Posted August 13, 2020 at 5:03 am

Essex Crossing this month announced the start of leasing at its latest luxury tower – The Artisan. Located at 180 Broome Street, this beast is the largest building at the nine-site project. Its floors contain office and retail space, as well as access to the Market Line, which is gradually reopening from the pandemic shutdown. […]

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