South Street

Time to Demand Cuomo and de Blasio Protect Workers and Small Businesses in Reopening Plan (OP-ED)

Last modified May 29, 2020 at 2:13 pm

The following editorial was written by Zishun Ning of the Coalition to Protect Chinatown and the Lower East Side. The New York City and State governments are still failing to protect people’s health and livelihood after two months of “PAUSE.” The number of deaths and infections remain high. Patients with COVID-19 are still turned away, despite […]

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Beleaguered One Manhattan Square Slashes Prices 20% Amidst COVID-19

Posted May 4, 2020 at 5:18 am

Already in a crunch before COVID-19 came ashore, Extell is now resorting to further desperate measures at the gargantuan One Manhattan Square. For a “limited time,” the large quantity of unsold inventory at the luxury development is discounted up to 20-percent. What the PR spin-doctors are calling a “price incentive.” This new incentive is intended […]

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Basketball City on the LES a Food Distribution Site for City’s Low Income Communities

Posted May 1, 2020 at 5:00 am

Over the last several weeks, we’ve been hearing from readers on the Lower East Side waterfront about increased activity at Basketball City at Pier 36. Tents are up, official cars and trucks, and taxis, plus the appearance of National Guard troops. Apparently, Basketball City has been coordinating with the Economic Development Corp, the Office of […]

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Two Bridges Developers Vow to Appeal Judgement Halting New Towers

Posted February 26, 2020 at 5:00 am

Hours after the State Supreme Court ruled in favor of halting three towers in Two Bridges, the developers collectively announced their plans to appeal. Timeline given is “the near future.” The ruling came down from Judge Arthur Engoron Monday evening, favoring the plaintiffs, the Lower East Side Organized Neighbors, in their lawsuit. He found that […]

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Judge Rules in Favor of Community Lawsuit to Halt Two Bridges Towers

Last modified February 25, 2020 at 9:47 am

A state Supreme Court judge yesterday ruled in favor of a year-old community lawsuit to halt the planned development of three luxury towers in Two Bridges. State Supreme Court Judge Arthur Engoron, who presided over the case brought by the Lower East Side Organized Neighbors coalition, found that the slate of skyscrapers is in direct […]

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Massive Water Main Break Flooded South Street Yesterday

Posted February 11, 2020 at 5:02 am

A ruptured water main in Two Bridges flooded South Street yesterday afternoon, snarling traffic and evoking flashbacks of past storms. The water main burst beneath the street in the vicinity of 199 South Street, near Dover Street. An enormous river formed, and extended all the way to Pike Slip. Right at the base of the […]

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Imagine if this 96-Story ‘RiverArch’ on the LES Stained the Skyline

Posted December 10, 2019 at 5:00 am

Given the gold rush mentality on the Lower East Side waterfront, it’s not surprising to see another bunkers development proposed. A so-called RiverArch all-purpose development to span the East River just north of the Manhattan Bridge. Conceived by Scott Baker, the futuristic plan is part bridge-part apartment building. The 96-story RiverArch would house thousands of apartments, a […]

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Extell Unveils ‘Rent-to-Own’ Program at Failed One Manhattan Square Tower

Posted September 26, 2019 at 5:10 am

One Manhattan Square announced its official completion and feted itself last night. But should it be celebrating? A condo-only tower it is not, instead resorting to a new rental initiative to drive sales. With a twist. Extell Development Corp., whose PR vehemently denied offering any rental units in the 80-story “vertical village” when we first […]

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The Lower East Side has the Largest Surplus of Unsold Luxury Condos, Thanks to One Manhattan Square

Posted September 16, 2019 at 5:00 am

The city currently has a problem unloading the luxury condos flooding the market. The New York Times last week published a piece about the glut of unsold apartments in the luxury stratosphere. That, despite the bonkers pace of construction in the high-end market, supply is outstripping demand. The data, culled from a StreetEasy audit, found […]

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Condo Woe: One Manhattan Square Struggles to Shift Inventory, Takes out $692M Loan

Last modified September 6, 2019 at 7:20 am

It’s no secret that One Manhattan Square is desperate to stock its ranks. The struggle is real. Earlier this summer, Extell offered up to 10 years of free common charges to prospective condo buyers who purchased before July 4; internet ad banners are ubiquitous; sales are also sluggish. Revealed in a Commercial Observer report about […]

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