South Street

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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Two Bridges Developers Plan to Appeal Court Ruling on LES Mega-Towers

Posted August 5, 2019 at 5:04 am

Well, this was certainly inevitable. No sooner did the Supreme Court force the land review process on three controversial Lower East Side towers than the developers announced intentions to appeal. Last Thursday afternoon, State Supreme Court Judge Arthur Engoron ruled in favor of New York City Council and Manhattan Borough President Gale Brewer in their […]

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Judge Rules in Favor of Public Review Process for Two Bridges Mega-Towers

Posted August 2, 2019 at 5:00 am

Another defeat for developers in the battle for the Lower East Side waterfront. Yesterday afternoon, State Supreme Court Judge Arthur Engoron ruled in favor of New York City Council and Manhattan Borough President Gale Brewer in their lawsuit against the city, which contends that the three proposed mega-developments in the Two Bridges neighborhood must go […]

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City Sanitation Trucks Seize Pier 42 Space for Parking

Posted July 11, 2019 at 5:11 am

The perennially delayed Pier 42 public park has taken on a different function in the offseason. It’s returned to the previous purpose as parking lot. Several readers living on the waterfront point out that the Department of Sanitation, which maintains a hub just down the coast, has now taken to parking its trucks in the […]

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Two Bridges Waterfront Esplanade is Closed to Pedestrians for July 4 Fireworks

Posted July 2, 2019 at 5:03 am

Apparently, a closeup view of the fireworks is now an elitist activity. For the first time in recent memory, local residents will not be allowed to watch the Macy’s 4th of July fireworks from the esplanade of the Two Bridges waterfront. The annual tradition of incendiaries is back by the Brooklyn Bridge for the first […]

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