Real Estate

Unused Half of Bowery’s Sunshine Hotel Flophouse Available to Rent

Posted January 14, 2021 at 5:00 am

The leasing banner has been strung from the facade of 241 Bowery for more than two years. Without much success. The second and third floors (combined 8,938 square-feet) – once part of the Sunshine Hotel flophouse – are again on the market. And at a hefty price: $6,495 for a “raw” space that requires renovations […]

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Streets

Sunshine Cinema Office Development Reaches Halfway Mark

Posted January 13, 2021 at 5:00 am

The Sunshine Cinema couldn’t be further down the horizon. Especially as each steel beam is knocked into place. Progress on the new office building at 143 East Houston Street is certainly visible now. Its skeleton recently reached the halfway mark, as it climbs to a total height of about nine stories. As previously reported, owners […]

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Wells Fargo Inspections Signal Extell’s Loan Interest for Cherry Street Tower

Posted January 12, 2021 at 5:06 am

It appears that Extell needs more money to operate 227 Cherry Street. Wavecrest Management, which oversees this affordable building in the shadow of One Manhattan Square, circulated a letter to tenants that Wells Fargo bank will be on-premise tomorrow for a “lender site inspection.” So, it would appear that Extell seeks another loan for this […]

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Nine-Story Condo Building on East 1st Street Rising Fast After Years of Dormancy

Posted January 11, 2021 at 5:14 am

The pre-war tenement at 118 East 1st Street was razed almost six years ago already. It took this long, but the residential replacement is finally making some serious progress. The project parcel largely remained dormant until late last year, when the steel superstructure began its ascent. It now stands at roughly eight stories, almost at […]

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Streets

B Bar Site on the Bowery to Sprout 21-Story Office Tower

Posted January 11, 2021 at 5:03 am

B Bar owner Eric Goode is co-developing a monstrous officer tower atop the ashes of his former Lower East Side nightspot. Permits were filed last week with Department of Buildings for a 21-story mixed-use development at 358 Bowery designed by architect Morris Adjmi, as first reported by EV Grieve. Plans call for 98,799 square-feet of […]

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Streets

LPC Calendars Hearing for Controversial Condo Alongside Merchant’s House Museum

Posted January 7, 2021 at 5:00 am

The Landmarks Preservation Commission set a date to consider a new application from a familiar face. And it has major implications (nay, ramifications) for the historic Merchant’s House Museum. As previously reported, Kalodop II Park Corp., the owner-developer which spent the last decade fighting for the hotel development of 27 East 4th Street, now proposes […]

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Streets

Beth Hamedrash Hagadol Development Site Gets Going with $162M Loan

Posted December 30, 2020 at 5:00 am

The controversial, two-towered development slated to top the hallowed grounds of Beth Hamedrash Hagadol is set to proceed, thanks to a multimillion-dollar construction loan. The Gotham Organization and Goldman Sachs Urban Investment Group joint venture behind the project just nabbed $162.4 million in debt from Wells Fargo and US Bank to move forward. Together with […]

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Punishing Winds Upend One Manhattan Square Plaza Pavers

Posted December 29, 2020 at 5:03 am

Mother Nature wasn’t too kind to One Manhattan Square this Christmas. Damaging winds during the overnight storm punished the plaza pavers, upending several sections. One resident tells us that this is actually a normal occurrence at the waterfront Extell development. Whenever it gets really windy. Even though these pavers are extremely heavy, oftentimes requiring two […]

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Streets

Over a Decade Later, Still No Passive House for ABC No Rio on Rivington Street

Posted December 16, 2020 at 5:00 am

The saga of the new and improved ABC No Rio is a neverending story. In this chapter, activity is spotted in the mid-block chasm formerly known as 156 Rivington Street. Not much to report, though, other than the promised delivery date of the spring 2022 for the new development, posted on Department of Buildings signage. […]

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Controversial Developer Tries Again with New 6-Story Condo Beside Merchant’s House Museum

Posted December 14, 2020 at 5:00 am

With its hotel proposal nixed by the city, the defeated developer is planning something else next to the Merchant’s House Museum, and the latter is worried anew. Kalodop II Park Corp., the owner-developer which has spent the last decade fighting for the development of 27 East 4th Street, now proposes something new altogether. A six-story […]

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Streets