Real Estate

After Delays, Rehabbed Milton Resnick Foundation Opens on Eldridge Street

Posted July 17, 2018 at 5:12 am

The newly-renovated Milton Resnick Foundation is just about ready for its debut. After several delays, the former synagogue-turned-exhibition-space and study center is set to open to the public this Thursday (July 19), with previews continuing on Thursdays and Fridays through end of summer. Official grand opening celebration is scheduled for September. The restoration project for 87 […]

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First Look at Two-Towered Bialystoker Development on East Broadway

Posted July 17, 2018 at 5:00 am

One month after Seward Park Co-op members failed to approve a $54 million air rights sale, developer Ascend Group reveals renderings for its two-towered endeavor on East Broadway. As expected, the Bialystoker Nursing Home is completely overwhelmed by glass. Two towers of 20 and 36 stories apiece (larger than previously believed) will soon flank the […]

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Magic Moment: Appeals Court Favors Children’s Magical Garden in Adverse Possession Claim

Posted July 16, 2018 at 5:00 am

After four years of litigation, a major score for the Children’s Magical Garden at Stanton and Norfolk Streets! The Appellate Court in the ongoing case – which pit the garden corporation against former landlord Serge Hoyda and current owner Horizon Group – has sided with the former regarding defendants’ motion to dismiss the “Adverse Possession” […]

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Karl Fischer’s Bowery Condo Building Gains New Homogenous Facade

Posted July 13, 2018 at 5:04 am

Karl Fischer’s seven-story condo building at 263 Bowery looks totally different. For the last two years, its original masonry has been under the knife to install a new facade altogether. Something more befitting Bowery 2.0. The black shroud of netting was just removed to reveal an exterior completely swapped out. It’s basically dulled to a […]

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Streets

DeSalvio Playground Rehab Delayed Another 6 Months (at Least)

Posted July 13, 2018 at 5:00 am

Once a scene of tumult, DeSalvio Playground in Little Italy is currently in ruins as its rehabilitation coincides with the construction of a luxury condo building next door. Construction started in July 2017, yet interim progress has been slow, if at all. Take a look. While the onsite signage promises a fall 2018 delivery – […]

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City Planning Commission to Consider Merchant’s House Adjacent Hotel Tomorrow

Posted July 10, 2018 at 5:02 am

The City Planning Commission will hold a hearing tomorrow to discuss a potential zoning change that would help yield an eight-story boutique hotel beside the 1832-era Merchant’s House Museum. Community Board 2 outright denied the proposition at the end of May. Now, it’s the real show. (The Landmark Preservation Commission did previously approve the plans.) […]

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Streets

Move-ins Begin at Extell’s 13-Story Affordable Tower Next Month

Posted July 10, 2018 at 5:00 am

One of Extell’s two waterfront properties on the Lower East Side is just about ready for occupancy. Move-ins are slated to begin next month for residents of the Dattner Architects-designed, thirteen-story affordable building. It’s been a long time coming. Seen by many as a so-called “poor-door” development given the comparative scope and amenities to One […]

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85 Bowery Tenants and Landlord Officially Reach Agreement on Renovations and Return Date

Posted July 9, 2018 at 5:02 am

Six months after the well-publicized eviction, the saga of 85 Bowery is slowly drawing to a close. Both sides last week announced the settlement of litigation and agreement on a return date for displaced tenants. Timetable is sometime “by August 31,” when renovation work is anticipated to conclude. “This agreement represents a positive outcome for […]

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Streets

NYU Langone’s Outpatient Center Opens at Essex Crossing

Posted July 6, 2018 at 5:04 am

Right on schedule, the phased opening of NYU Langone’s new outpatient outpost at Essex Crossing (171 Delancey) is well underway. Dubbed the Joan H. and Preston Robert Tisch Center, the three level, 55,000 square-foot facility is slowly rolling out its services to “one of New York City’s most vibrant neighborhoods.” It’s a welcomed arrival for some, […]

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Mahfar Looks to Flip 99 Allen Street for $13M

Posted June 28, 2018 at 5:10 am

Controversial local landlord Samy Mahfar is looking to cash out one of his Lower East Side holdings. The “repositioned” five-story tenement at 99 Allen Street is now on the market for $13 million. The listing arrives nearly five years after Mahfar first purchased the building (September 2013) from Heaven Way Buddha Church for $4.4 million. […]

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Streets