Real Estate

Borough President Implores Parks Commissioner to Address Community Concerns in Sara D. Roosevelt Park

Posted October 21, 2021 at 4:59 am

Two stabbings within a twelve-hour period last weekend highlighted the decrepit, yet dangerous state of Sara D. Roosevelt Park. The violence apparently pushed Manhattan Borough President Gale Brewer to exert pressure on the Parks Department to address certain core issues. In a letter to Commissioner Gabrielle Fialkoff this week, Brewer identified two key concerns – […]

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Coastal Resiliency Project Forces Lower East Side Ecology Center Compost Yard to Staten Island

Posted October 20, 2021 at 5:01 am

The Lower East Side Ecology Center has its walking papers. The local nonprofit is amidst a move, relocating the East River compost yard it called home for the last two decades. Over the last week or so, the 22-year-old compost yard was dismantled, as the East Side Coastal Resilience Project is set to break ground […]

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New Investment Firm Buys 2 Buildings Along East Houston for $13M

Posted October 13, 2021 at 5:00 am

Milano’s Bar and Mercury Lounge now have something in common (other than first initial) – a new landlord. Nascent real estate investment firm, MOVCAP, this month scooped up 51 East Houston and 217 East Houston. Price tag for both mixed-use tenements was $13.2 million. The seller is listed as TDJ Holdings. 51 East Houston Street […]

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ABC No Rio to Break Ground on Passive House Next Spring

Posted October 12, 2021 at 5:01 am

More than four years after punk icon ABC No Rio fell, there is finally a meaningful update about its future redevelopment. Conceived in 1980 in a squat at 156 Rivington Street, ABC No Rio, an acronym of “Abogado Con Notario,” became a hub at the intersection of art and music. However, time was not kind […]

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Marriott’s 18-Story Moxy Hotel Tops out on the Bowery

Posted October 8, 2021 at 5:00 am

The Bowery skyline is again altered, as the new Moxy hotel just reached the top. The superstructure – construction of which had been on pause during the initial phase of the pandemic – now sits at eighteen stories. Joining the sky-high company of the Wyndham Garden just down the Bowery. As reported, the new Lighting […]

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Mayor Announces $170M Restoration Plan for Historic 70 Mulberry Street

Posted October 6, 2021 at 5:06 am

Some encouraging news for 70 Mulberry Street, a pillar of the Chinatown community destroyed by fire nearly two years ago. Mayor de Blasio yesterday announced an additional $90 million in funding toward a plan to reconstruct the former PS23 public school building. The added capital brings the project total to $170 million. (Hizzoner allocated $80 […]

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Trendy ‘Brooklyn Fare’ Coming to Extell’s One Manhattan Square 9 Years After Pathmark Closure

Posted October 6, 2021 at 5:01 am

It took nearly a decade, but Extell has finally delivered on its promise for a supermarket to replace the Pathmark it destroyed on the Lower East Side waterfront. Yet, the future is as suspected – one that caters to the well-heeled residents living in the gargantuan tower above. This week brings word that Brooklyn Fare […]

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City Should Protect LES Heritage by Preserving 1939-Era East River Park Buildings [OP-ED]

Posted October 4, 2021 at 5:00 am

The following editorial was written by Richard Moses, president of the Lower East Side Preservation Initiative. Last Friday, the City’s East Side Coastal Resiliency team sent out its final report (i.e. Amended Programmatic Agreement) on the East River Park’s historic Art Deco Track House and Tennis Center Comfort Station, two beautiful architectural gems that were […]

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Developers File Permits for 70-Story Skyscraper on LES Waterfront

Posted October 1, 2021 at 5:01 am

And it begins. Again. The wall of glass slated to rise along the Lower East Side waterfront is another step closer to reality, as Two Bridges Associates – a partnership between L+M and CIM – this week filed paperwork with the city for its skyscraper. The seventy-story beast is to spawn in the parking lot […]

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Ace Hotel Quietly Closes ‘Sister City’ on the Bowery

Posted September 28, 2021 at 5:00 am

The Ace Hotel’s boutique brand on the Bowery, Sister City, is closed for good. The lodge (and its rooftop bar) had shuttered at the outset of the pandemic in March 2020, never to return. One need only search online for Sister City to see that Google returns a “permanently closed” status, and the official website […]

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