DelShah Capital

Five-Level ‘Galerie Perrotin’ Begins Build-out at Beckenstein Building on Orchard Street

Posted December 27, 2016 at 5:14 am

The historic Beckenstein building on Orchard Street is undergoing a massive retail shift as we speak. You’ll recall that the property was acquired by DelShah Capital in August 2015 for $28 million. Not surprisingly, the old-school vendors that operated here for upwards of a decade didn’t survive the transition. (World Hats moved up the block to […]

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Art

‘Galerie Perrotin’ Announces Massive 5-Level Gallery at Beckenstein Building on Orchard Street

Posted June 14, 2016 at 5:00 am

It looks like that controversial bait-and-switch proposed for the Beckenstein Building (b. 1902) – Orchard Street Social – hit a dead end. Word came down the pike yesterday afternoon that the three-year-old Galerie Perrotin is moving to the Lower East Side (“the city’s most dynamic arts neighborhood”) from the Upper East Side. The Paris-based Galerie Perrotin […]

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Art

Michael Shah Plans ‘Orchard Street Social’ Co-Working Space and Bar for Beckenstein’s Building

Posted May 3, 2016 at 5:00 am

Stanton Street Social, meet Orchard Street Social.​ Controversial landlord Michael Shah purchased the iconic “Beckenstein Building” at 130 Orchard Street last August for $28 million. The luxury rental property was quickly repositioned as “The Beckenstein,” and teamed up with Samy Mahfar’s Real New York brokerage for leasing. And now Shah is planning nightlife on the 5,000 […]

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Rochelle’s Co-Owner Was Arrested Last Week for Grand Larceny at Chelsea Market

Last modified March 28, 2017 at 11:29 pm

For Brett David, co-owner of Rochelle’s on Chrystie Street, bad decisions are indeed served nightly, as the byline on its Twitter page boasts. It appears the nightlife operator was busted last week (November 5) for allegedly stealing a coat from a designer sample sale in Chelsea Market. The above photo was posted to the bar’s […]

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DelShah Repositions 130 Orchard Street as ‘The Beckenstein’ After $28M Purchase

Last modified September 1, 2017 at 7:03 pm

The address 130 Orchard Street doesn’t exist anymore. At least not in the eyes of brokers hell-bent on selling all corners of the Lower East Side to the highest bidder. It’s now forever known as the predictable, The Beckenstein, an obvious homage to its roots as a textile factory. (Unclear if permission was obtained from […]

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DelShah Capital Sells 19 Stanton Street to Ariel Soudry for $12M

Posted September 29, 2015 at 5:00 am

Residents of 19 Stanton Street (aka 205 Chrystie) are now in for a “better living” experience. The property just changed hands from one terrible landlord to another. After roughly four years of ownership, Delshah Capital decided to cash out on the investment. Guess he needs to recoup some of the cost from purchasing the Beckenstein’s building […]

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Historic Beckenstein’s Building on Orchard Street Sells for $28M

Last modified August 14, 2015 at 10:52 am

There’s a reason why all the old-school vendors vacated 130 Orchard Street in the past several months. Most recently, World Hats and World Fragrances. They were forced out due to an impending sale. That’s right, the historic Beckenstein’s building just sold for $28 million. Notorious landlord Delshah Capital reportedly purchased the property in an off-market […]

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205 Club on Chrystie Street Relaunches with Nolita House Vets

Last modified August 1, 2014 at 12:56 pm

Earlier this year, we broke news that the Rochelle’s team on Chrystie Street (aka 19 Stanton) was allegedly in financial straits. Fast forward six months; half its business is now under new management. 205 Club, a name that’s gone through so many friggin’ iterations the last decade, is now operated by veterans of the recently-departed […]

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Michael Shah’s Controversial Liquor License for Rochelle’s Renewed Without Community Input

Posted July 31, 2014 at 6:00 am

The liquor license of Leave Rochelle Out of It is set to expire after today. Or so we thought. The license was mysteriously renewed without first appearing before Community Board 3 for input. As such, our research shows that Matt Levine remains listed as co-licensor for a business in which he has no ownership. Indeed, […]

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‘Rochelle’s’ Whiskey Bar Opens at 19 Stanton; Controversy Over Liquor License Continues

Last modified November 18, 2013 at 2:40 pm

The ill-fated Cocktail Bodega and the adjoining basement club have officially been replaced at 19 Stanton/205 Chrystie. Enter trendy whiskey bar Rochelle’s (aka “Leave Rochelle Out of It”) and its subterranean 205 Club that we first told you about over the summer. Both the New York Post and Village Voice fell head-over-heels, and filed puff pieces […]

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