Gentrification

Here is a Look Inside the Green Louis Vuitton Store on Ludlow Street

Posted July 12, 2019 at 5:03 am

The well-heeled set were out in full force last night, preparing and partying for the arrival of Louis Vuitton on the Lower East Side. In Hell Square, no less. The entire northeast corner of Ludlow and Rivington Streets is daubed in neon green paint. From the facade to the garbage bags out front. Inside, the […]

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Louis Vuitton Officially Announces Itself in Hell Square

Posted July 10, 2019 at 5:00 am

Never thought you’d see the day? Louis Vuitton is making a big splash in Hell Square, as first reported here last week. The luxury retailer has since painted the northeast corner of Ludlow and Rivington Streets a lime green hue ahead of its short-term residency this month. With the 6,000-square-foot store, Louis Vuitton joins a […]

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260 Bowery Takes its Place on Luxury Row

Posted June 12, 2019 at 5:05 am

The newest abode for the one-percent takes its place on the Bowery. That of 260 Bowery. The condo project topped out last fall, but is now really taking shape. Notably, the six-by-six window grid that seems to complement the luxury condoplex next door at 250 Bowery. This latest entrant is more than four years in […]

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Streets

Judge Halts Two Bridges Megatowers After Hearing 3 Lawsuits

Posted June 6, 2019 at 5:00 am

A state Supreme Court judge yesterday extended a temporary halt on a slate of controversial Two Bridges waterfront towers, following a day of testimony on three separate lawsuits accusing the city of illegally approving the $4.5 billion developments. Judge Arthur Engoron, who presided over the cases, issued an injunction against the developers behind three super-tall […]

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Streets

With LES Gentrification at Critical Mass, the Time is Now to Pass Universal Rent Control [OP-ED]

Posted May 17, 2019 at 5:05 am

Bob Angles, a resident living in one of the affordable units of Essex Crossing, penned the following editorial. Secondary displacement, better known as gentrification, has been creeping up and down our streets for the past decade. Yet, with the arrival of thousands of new, unregulated apartments between the Extell tower (i.e. One Manhattan Square) and […]

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Red Square Rooftop Clocks Erased (but will Return)

Posted May 13, 2019 at 5:00 am

If you look up, you may have noticed that the rooftop clocks are gone from the building formerly known as Red Square. Its erasure, as reported by EV Grieve, is part of the overall renovation plan implemented by the Dermot Company, which purchased the upscale residential complex for $100 million in 2016. Other modifications at […]

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Art

11-Story ‘Micro Unit’ Development Planned for Derilect Essex Street Property

Posted January 22, 2019 at 5:00 am

Ten years after tenants were vacated from 11 Essex Street, the next chapter is finally poised to unfold. And as expected, involves demolition and a glitzy new development. As previously reported, real estate scion Sion Misrahi parted with the neglected property in August of 2017 for $11.4 million, sixteen years after his acquisition and subsequent […]

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Streets

Blue Man Group Sells its LES Studio for $5.4M

Posted December 27, 2018 at 5:06 am

The Blue Man Group finally divested from its longtime Lower East Side property. Their Clinton Street studio space traded hands this month for $5.4 million. It comes with an additional 4,653 square-feet of development rights, allowing for a new project of roughly 10,120 square-feet. Buyer of record is Dr. Arani Bose, the co-founder of the […]

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Neighborhood Group Prepares Lawsuit Against City Over Two Bridges Towers

Posted December 12, 2018 at 5:01 am

“The City is trying to violate its own law to approve the luxury towers on the Two Bridges waterfront,” announces a flyer from the Lower East Side Organized Neighbors. Mere days after City Council leveled a lawsuit against the City Planning Commission for green-lighting the trio of skyscrapers, more such opposition is in store. The […]

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Streets

City Planning Approves Two Bridges Skyscrapers, Opponents Threaten Legal Action

Posted December 6, 2018 at 5:00 am

The dystopian future in which glass towers wall off the Lower East Side waterfront is now much closer to happening. City Planning Commission yesterday approved controversial plans for three proposed skyscrapers that will drastically change the composition of the neighborhood. The Real Deal reported that the vote carried by a 10 to 3 margin, thereby […]

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Streets