One Manhattan Square

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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Serious Questions Remain as East River Resiliency Project Heads to Manhattan Borough President

Last modified July 17, 2019 at 9:08 am

The following first post was written by native Lower East Sider, Aidan Elias, who works to document the area’s rapid development. Back in mid-May, the Parks Department shared a presentation with the Community Board 3 Parks subcommittee regarding the East Side Coastal Resiliency project. (The ESCR project is the city’s flood protection plan which will […]

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Is Extell Resorting to Rentals at One Manhattan Square? [Updated]

Last modified April 16, 2019 at 2:09 pm

For many on the Lower East Side waterfront, Extell’s purported woes are a lesson in schadenfreude. Especially given the years of construction hell endured by those in the vicinity. Apparently it’s much ado about occupancy. No sooner do move-ins happen at Extell’s One Manhattan Square than residents start renting out their pricey new pads. That […]

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Desperate Extell Offers to Waive up to 10 Years of Common Charges at One Manhattan Square

Posted April 11, 2019 at 5:09 am

Winds of change are blowing down on the Lower East Side waterfront. Extell appears desperate to sell condos at One Manhattan Square. So much so that the 850-foot, 815-unit skyscraper has resorted to comping up to ten years of common charges for new residents. These fees range from roughly $700 to $2,300 per month, based on current […]

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Report: Lower East Side is One of the City’s Fastest Developing Neighborhoods

Posted October 30, 2018 at 5:04 am

It’s boom time for New York City. In the next two years, approximately 31,000 new apartment units are expected to hit the pipeline. More than half will be concentrated in neighborhoods across Brooklyn and Queens, according to data compiled by aggregator Localize.city. The recent report lists the city’s ten fastest developing neighborhoods ranked by number of […]

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Extell’s One Manhattan Square is Now ‘Fully Enclosed’

Posted October 23, 2018 at 5:00 am

It seemed like the job would never finish, but One Manhattan Square is finally completely glassed up. Fully enclosed from top to bottom, it’s a feat almost six years in the making. Dating back to Extell’s purchase of the Pathmark plot in February 2013 for $175 million, and destruction of the supermarket the following year. […]

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Worker at Extell’s Affordable Tower Badly Burned in Electrical Accident

Posted October 17, 2018 at 5:00 am

It was a case of shock and burn down at the Extell project site on Cherry Street. A construction worker was electrocuted early yesterday during a work accident 227 Cherry Street, the developer’s so-called affordable tower. The man reportedly sustained second-degree burns about the arms, neck, and head, but was conscious when paramedics arrived. He was later […]

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The City is Ignoring the Environmental Impacts of Mega-Towers Along the Waterfront [OP-ED]

Posted September 27, 2018 at 5:00 am

The following editorial was written by Samuel Moskowitz, who has lived almost his entire life on the Lower East Side and is concerned with the rapid overdevelopment of the neighborhood. If built as planned, the Lower East Side mega-tower complex of 2,775 apartments will be one of the largest residential developments in New York City. […]

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Steel Falls 30 Feet from One Manhattan Square, Injuring a Worker Below

Posted July 31, 2018 at 5:00 am

Extell’s One Manhattan Square saw a worksite injury last week involving a falling piece of steel from the superstructure. As first reported yesterday, the piece reportedly plunged thirty feet from the gargantuan project site. Apparently, the construction material struck the worker’s shoulder while operating a lift performing steel work. No ambulance was dispatched to 250 South […]

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