Real Estate

DOB Approves ABC No Rio Passive House on Rivington Street

Last modified November 19, 2018 at 8:53 am

ABC No Rio – in its former punk rock incarnation at 156 Rivington Street – was demolished back in April 2017. Its long-overdue rebirth as sleek “passive house” is one major step closer to reality. Since takedown of the century-old tenement two years ago, the lot has been dormant while action transpired behind the scenes. […]

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Make No Mistake, CM Margaret Chin Wants Towers in Two Bridges [OP-ED]

Posted November 16, 2018 at 5:03 am

The following editorial was written by community leader David Tieu, a member of the Lower East Side Organized Neighbors coalition, which is staunchly opposed to the incoming waterfront development. With just a rubber stamp of City Planning approval, four mega-towers on the flood plain of the Lower East Side waterfront – each between 60 and […]

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Streets

HPD Moves Forward with ‘Haven Green’ Development Atop Elizabeth Street Garden

Last modified November 16, 2018 at 8:59 am

With the edict to remove statues from the park, the proverbial bulldozers are revving up the engines after the city decides to move forward with the redevelopment of the Elizabeth Street Garden. This week, the Department of City Planning certified plans to proceed with the Uniform Land Use Review Process (ULURP) for the Haven Green […]

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‘Sunshine Cinema’ Office Building Replacement Begins Marketing Push with New Renderings

Posted November 15, 2018 at 5:06 am

The reincarnation of the former Sunshine Cinema takes a new leap forward this week. East End Capital and K Property Group purchased the Lower East Side theater last year for $31.5 million and are redeveloping the property into a 65,000 square-foot commercial tower. For the moment, it’s still standing, yet remains a magnet for feces and […]

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City Finally Replaces Light Bulbs in Columbus Park After Months of Darkness

Posted November 14, 2018 at 5:05 am

Something as simple as changing light bulbs got caught up in the city bureaucracy. Nevertheless, after an extended period plunged in darkness, Columbus Park in Chinatown is back under the lights. The city last week installed LED bulbs in a majority of the eighteen light poles dotting the park. This was the task, strangely, of […]

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Staring into the Pit of Essex Crossing Site 3

Posted November 14, 2018 at 5:02 am

Another major hole in the ground, soon to sprout luxury. Along Delancey Street. Work is at a feverish pace as excavation and foundation activity at Site 3 of Essex Crossing proceeds. Here’s an update from Delancey Street Associates’ weekly e-blast: Drilling is complete for the foundation work [at 202 Broome Street], except at tunnel locations. […]

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Lower East Side Portfolio of 7 Buildings Hits Market for $72M

Posted November 14, 2018 at 5:00 am

An enormous chunk of Chinatown and Lower East Side real estate is now up for grabs. If you can afford it. Investment firm Avison Young began marketing the seven-property portfolio yesterday, seeking a sale price of $72 million. The housing package is a major divestment by controversial city landlord R.A. Cohen & Associates. It boasts seven tenement […]

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Historic NYPL Rivington Street Branch Undergoes Condo Coversion

Posted November 12, 2018 at 5:00 am

As the Rivington House condo conversion progresses ever so slightly, another historic building barely a block to the east is headed for same. The Beaux Arts beauty at 61 Rivington Street is now tagged for a similar luxury upgrade. Back in May, the historic building, which formerly housed the New York Church of the Nazarene, […]

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Dual Demolition Underway on Chrystie Street Ahead of New 14-Story Tower

Posted November 9, 2018 at 5:00 am

Already with two context-killing luxury developments currently rising on Chrystie Street, the block between Rivington and Stanton is heating up. Work is now underway that will eventually yield a 14-story building. Demolition began over the summer at 199 and 201 Chrystie Street. The death shroud cloaked both buildings during their demise. Before long, the adjacent […]

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New Yorkers Vote Overwhelmingly to Impose Community Board Term Limits

Posted November 8, 2018 at 5:04 am

The people of New York City have spoken, and it’s in favor of term limits for community boards. The populace voted Tuesday in favor of the controversial “Proposal 3,” which imposes an eight-year term limit on the volunteer members sitting on community boards around the Five Boroughs (i.e. four consecutive two-year terms, but can rejoin […]

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