Real Estate

Here’s Where the $1.25M Rivington House Settlement Money is Going

Posted February 6, 2019 at 5:00 am

In the wake of the Rivington House scandal, the Attorney General last year settled with the Allure Group for its nefarious conduct in shutting down and canceling the deed restriction that led to the $116 million sale of the former nursing home. Under the terms of the settlement, Allure is on the hook for $750,000 […]

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Streets

Nine Years Later, Fire-Displaced Tenants from Grand Street $900K Settlement

Posted February 5, 2019 at 5:00 am

It’s been nearly a decade since a seven-alarm fire decimated a row of Grand Street tenements. Now, nine years later, the families who lost everything finally received a settlement. Approximately one hundred residents of 283-285 Grand Street were awarded $900,000 in property damages after years of negotiations with the owner of the two properties, Fair […]

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Streets

Wells Fargo Plants a Bank Branch the Bowery

Posted February 4, 2019 at 5:00 am

If you woke up this morning thinking that what the Bowery really needs is another bank, then it’s your day. Wells Fargo just planted a flag a few steps south of Houston Street. Spot chosen for this bank branch is 276 Bowery, the store vacated by the trendy FitHouse gym last summer (they’re now in […]

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Streets

Six-Story Development Planned for Rutgers Street Laundromat Building

Posted February 1, 2019 at 5:05 am

It’s laundry day. The one-story laundromat building at 32 Rutgers Street is on the verge of redevelopment. Plans were filed last week for the construction of a sixty-foot mixed-use property. Qiliang Chen of Soho Property LLC is listed as the owner behind the applications. The proposed six-story development has total floor area of 10,047 square-feet, […]

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Slate’s Rear Yard Retail Extension at 151 Ludlow Street

Posted January 31, 2019 at 5:03 am

The appearance of a drilling rig in the backyard of 151 Ludlow Street in July 2017 now makes sense. It was a precursor to enlargement. Building owner Slate Property Group, which acquired the tenement and its immediate neighbor a month earlier for $15.5 million, is now well underway on a rear yard addition. The former garden […]

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Developer of Merchant’s House Adjacent Hotel Sues City to Reverse ULURP Rejection

Posted January 30, 2019 at 5:03 am

In case you missed it… Last fall, grassroots opposition to an eight-story hotel development beside the Merchant’s House Museum culminated in City Council’s (unanimous) rejection of the ULURP application for the project. Now the developer is suing. Kalodop II Park Corp., the owner-developer which has spent the last eight years on the proposal for 27 […]

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Streets

Restoration of Landmarked Ridley’s Building on Grand Street is (Partially) Complete

Posted January 29, 2019 at 5:05 am

Earlier this month, the iron cage of scaffolding came down from the city-landmarked Ridley & Sons department store building on Grand Street. The exposure reveals the completed rehab project that had been underway since August 2017. New masonry, new windows, new residents for the city-certified landmark. As reported, the owner of 315 Grand Street (aka […]

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Streets

After Six Years of Debates, CB2 Tenders Final Denial of ‘Haven Green’ at Elizabeth Street Garden

Posted January 28, 2019 at 9:09 am

The longstanding debate over redevelopment of the Elizabeth Street Garden (ESG) concluded its tenure in the Community Board system last Thursday night with an unequivocal denial by the full board. While strictly advisory in nature, this judgment represents an important, yet somber, victory for garden faithful who have rallied with local elected officials for the last six years […]

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Renovation of DelShah’s 138 Ludlow Exposed Tenants to Hazardous Levels of Lead Dust

Posted January 28, 2019 at 5:00 am

Controversial real estate magnate Michael Shah is accused by tenants of 138 Ludlow Street for creating a dangerous living environment. Ongoing demolition inside the Ludlow Street walkup – acquired by DelShah Capital in January 2018 for $19 million – reportedly kicked up hazardous amounts of lead dust. The Department of Health conducted an inspection of […]

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See the Proposal for the Future Trump Presidential Library at the Hotel on Rivington

Last modified January 25, 2019 at 12:22 am

With the Hotel on Rivington now in the hands of the Trump Family, area locals are getting restless. You’ll recall that crown prince Jared Kushner (via Kushner Companies) purchased the twenty-story glass property at the end of last year for an undisclosed sum in the millions. And the acquisition is already a punchline on the […]

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