Michael Shah

CB3 Acrimoniously Approves ‘Local 138’ Move; Ludlow House Gets Go-Ahead for Libation-Killer

Posted June 19, 2018 at 5:00 am

The room was packed and distaste for both landlord Michael Shah and Libation ran high. For the SLA subcommittee of Community Board 3, the decision-making became quite nuanced. Local 138, 138 Ludlow Street Local 138 has been at its namesake address for nearly two decades, and is beloved by many in the neighborhood. Its current […]

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‘Local 138’ Dive Bar Plans Move Next Door on Ludlow Street

Posted June 18, 2018 at 5:03 am

The proprietors of two local Ludlow Street dives are reshuffling the deck, so to speak. John Cutillo, the man behind twelve-year-old Iggy’s and seven-year-old Local 138, is planning to move the latter watering hole directly next door to 140 Ludlow (same building). The space that was previously the short-lived Dana Foley boutique. As part of the […]

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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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SLA Denies License to Controversial Sons of Essex Operator for Allen Street Club

Posted January 12, 2018 at 9:53 am

Controversial landlord-developer Michael Shah and his Line Group nightlife arm were dealt a major blow on Wednesday when the State Liquor Authority denied their proposal for a Mexican nightspot called Dos Cientos. In the works for nearly a year, Shah and his usual suspects had been trying to convert the three-years-vacant Preserve 24 space at the […]

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Streets

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

Why Michael Shah’s Co-Working Bar ‘Orchard Street Social’ is a Bad Idea for Hell Square

Posted May 13, 2016 at 5:14 am

After sitting vacant for two years, the ground level store at 130 Orchard Street (formerly Daniel’s Leather) is itching to join the Hell Square scene. You’ll recall that the notorious landlord Michael Shah purchased the S. Beckenstein building for $28 million, and now hopes to install some tomfoolery called the Orchard Street Social. Some neighbors […]

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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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