DelShah Capital

Local 138 Closes, Begins Renovating New Orchard Street Bar

Posted May 1, 2019 at 5:04 am

Hell Square dive bar, Local 138, closed down its longtime home on Ludlow Street this past Saturday night. It had been located at the namesake Ludlow Street address since opening in 1996. Since the announcement of the closure and impending move in January, work has been underway on the second coming. The new Local 138 […]

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‘Local 138’ Sets Closing Day Ahead of Move to Orchard Street

Posted March 29, 2019 at 5:00 am

As a bar, if you can’t make it on Ludlow Street, move to Orchard Street. It seemed to work for Max Fish almost five years ago. And now Local 138 is doing the same. The dive bar is slated to close its twenty-three-year-old space at 138 Ludlow Street next month ahead of its relocation. Last day is […]

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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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JR’s ‘Horizontal’ Return to Orchard Street with Galerie Perrotin Solo Show

Posted June 28, 2018 at 5:09 am

French street artist JR is going big on Orchard Street for the upcoming show at Galerie Perrotin, his first solo exhibit. The Orchard Street showroom – located at the old Beckenstein’s building – is now covered in his trademark, two-toned wheat-paste. There is a rooftop eyeball viewable from the air, and a forty-foot guy grabbing […]

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This Rooftop Mural on Orchard Street is JR’s Latest

Posted June 27, 2018 at 5:05 am

Street artist JR has returned to the Lower East Side. Back on the same block that saw his Ellis Island treatment three years ago. As part of his new “Horizontal” exhibit at the expansive Galerie Perrotin, his first solo show, the French-based artist skinned the rooftop of 130 Orchard Street with his trademark black-and-white treatment. […]

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Art

Report: Michael Shah Acquires 149 Rivington Street as Part of $100M Portfolio Deal

Posted May 23, 2018 at 5:00 am

Delshah Capital, the real estate firm of controversial landlord Michael Shah, is close to closing on a “Brooklyn-centric” $100 million portfolio. According to The Real Deal, the blockbuster deal includes 28 buildings spread across Williamsburg, Bedford-Stuyvesant, Carroll Gardens, and Bushwick, as well as two buildings on the Lower East Side. While the addresses aren’t clear, […]

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Michael Shah Spent $19M on this Hell Square Tenement Building

Posted January 19, 2018 at 5:11 am

On Wednesday, we reported that Michael Shah (Delshah Capital) picked up the Hell Square tenement at 138 Ludlow Street. With the transaction now public, it appears the controversial landlord paid $19 million for the property. Spending that kind of coin on a pre-war walkup means one thing. The requisite upscaling to luxury living. “Despite its […]

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Michael Shah Scoops up 138 Ludlow Street in Hell Square

Posted January 17, 2018 at 5:00 am

Fresh off the failed bid to score a liquor license for Dos Cientos, news comes down the pike today about landlord Michael Shah acquiring a Hell Square walk-up building. His DelShah Capital firm reportedly purchased 138-140 Ludlow Street under the shell company “DS 138 Ludlow LLC.” The sale just closed, so final price has yet […]

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Galerie Perrotin Adds itself to Classic Beckenstein Signage on Orchard Street

Posted January 2, 2018 at 5:00 am

Beckenstein now shills for Perrotin on the Lower East Side. Truth. In a sneaky stroke of the brush, Galerie Perrotin is now part of the S. Beckenstein story at 130 Orchard Street. Fresh off its recent completion of additional upper-level exhibition space, the Paris-based gallery added itself to the classic red-white-and-yellow exterior signage. Take a […]

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Art

‘Galerie Perrotin’ Opens at Orchard Street’s Beckenstein Building Tomorrow

Posted April 26, 2017 at 5:04 am

Over at 130 Orchard Street, gone is the plywood and daily train of dumpsters at curbside. This gallery is ready to roll. Only partially complete – construction has been ongoing since the fall – the ambitious new outpost of Galerie Perrotin debuts tomorrow at the Beckenstein building on Orchard Street. The ground floor of the five-level showroom […]

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