Real Estate

Construction Resumes at East Broadway Modular Development Site After Collapsed Sidewalk

Posted December 15, 2017 at 5:00 am

The modular housing construction on East Broadway reactivated in a big way last week after its second sidelining since summertime. Pile driver and backhoe are stationed onsite. The project parcel at 201 East Broadway has been relatively silent for much of the last six months. Twice in that time, progress was stymied thanks to safety […]

Filed Under

City Council Passes Bill for Increased ‘Urban Renewal’ Transparency

Posted December 14, 2017 at 9:39 am

Earlier this week, City Council unanimously voted to pass legislation that would require the City to provide public access to urban renewal plans, which have been changing the real estate landscape of New York City for decades. Intro 1533-A, sponsored by Councilwoman Margaret Chin, would require the Department of Housing Preservation and Development (HPD) to […]

Filed Under

Streets

Pier 42’s Rusted-out Shed is Getting Demolished

Last modified December 14, 2017 at 8:09 am

The existing shed sitting atop Pier 42 is undergoing demolition. It’s the first major step, albeit years behind schedule, toward the rehabilitation and development of the waterfront park. Indeed, the capital works project has been on the boards for five years with little to show for it but “interim programming” during warmer months. Revival is […]

Filed Under

Streets

Affordable Housing Lottery Launches for Essex Crossing’s 26-Story ‘Gateway’

Last modified December 14, 2017 at 8:09 am

This is the week of Essex Crossing updates. A torrent of news is coming out of the Lower East Side mega-project, with the latest being the launch of the affordable housing lottery inside the “Gateway” tower at Essex and Delancey Streets. There are a total of 98 affordable apartments up for grabs at 115 Delancey […]

Filed Under

14-Story Luxury Tower Planned for Chrystie Street Corridor

Posted December 13, 2017 at 5:06 am

Once again, art was employed as precursor to demolition. In this case, it was JR and Os Gemeos as it relates to 199 Chrystie Street, an old tenement walk-up that’s been slated for a gold-crusted makeover. Both this building and its immediate neighbor to the north are slated for destruction in the coming months to […]

Filed Under

Essex Crossing Rental Complex Named After Jazz Legend Sonny Rollins

Last modified December 13, 2017 at 9:21 am

Jazz saxophonist Sonny Rollins once lived in a walkup tenement at 400 Grand Street. That history was decimated two years ago when Essex Crossing muscled into the neighborhood. Now the mega-development is honoring the musician by naming the new fifteen-story tower at Site 5 in his honor. Here comes The Rollins, offering wallet-busting luxury rentals. One […]

Filed Under

14-Story Commercial Condo Tops out on East Broadway

Posted December 12, 2017 at 5:00 am

Eight months of constant construction has yielded a new tower at the southwest corner of East Broadway and Pike Street. The new commercial condo building, flanked by cranes and construction equipment on a regular basis, just topped out this week at fourteen stories. Installation of the curtain wall (i.e. glass facade) is happening simultaneously. As […]

Filed Under

Last 2 Parking Lots on Delancey Street Closing in the Next Month for Essex Crossing Towers

Posted December 11, 2017 at 5:09 am

For the first time in fifty years – since the notorious “urban renewal” slum clearance of 1967 – the last two parking lots on Delancey Street will soon go under the knife. The parcels are incorporated into the Essex Crossing development, and as such, are ready for their luxury payload. The Lower East Side Partnership […]

Filed Under

Elected Officials Come out Against Redevelopment of Elizabeth Street Garden as Senior Housing

Posted December 11, 2017 at 5:06 am

The Department of Housing Preservation and Development awarded the contract last Friday for an affordable housing project atop the Elizabeth Street Garden. All but a death sentence for the open space. The proposed building – developed by Penrose Development – will rise seven stories and carry 121 permanently affordable apartments for seniors. And as if […]

Filed Under

Elizabeth Street Garden will be Bulldozed and Redeveloped by Penrose Development

Last modified December 8, 2017 at 12:41 pm

Now that election season is over, there is finally movement toward the controversial destruction and redevelopment of the Elizabeth Street Garden. The city will apparently announce today that it’s chosen the developer to carry out this task. The Department of Housing Preservation and Development awarded the contract for the seven-story project to Penrose Development. The […]

Filed Under