Provident Loan Society

With Redevelopment Stalled, Provident Loan Society Building Hits Market for $20M

Posted July 30, 2018 at 4:34 am

The bank is for sale. Despite the city’s approval of redevelopment last December, the Provident Loan Society building on East Houston Street is now on the chopping block. Longtime owners Elsa and Dunnie Lai, who purchased the centenary structure nearly thirty years ago, are now looking to sell. Price sought for the non-landmarked landmark is […]

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City Approves 12-Story Provident Loan Bank Development on East Houston

Posted January 16, 2018 at 5:00 am

Any fading hope for a landmarked Provident Loan Society building on East Houston was dashed two weeks ago when the city approved plans for its redevelopment. Despite grassroots support to protect the century-old structure – and backing from Community Board 3 in December 2015 – no such designation ever transpired. Instead, its longtime owners, Elsa and […]

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Here’s a Fresh Look at the 12-story Tumor to Sprout from the Provident Loan Society Building [PHOTOS]

Posted October 13, 2016 at 5:00 am

Hopes for a landmarked Provident Loan Society building on East Houston further faded yesterday with the release of new renderings for the proposed residential tumor. It was about a year ago when Community Board 3 backed the grassroots bid to landmark 225 East Houston Street, at Essex. A so-called “cowboy preservationist” named Christian Emanuel rallied locals to […]

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CB3 Backs Bid to Landmark Provident Loan Society Building on East Houston 

Posted December 17, 2015 at 5:00 am

Just as the longtime owners of the Provident Loan Society building on East Houston gear up for a $15 million vertical extension project, along comes “cowboy” preservationist Christian Emanuel. For the last couple months, Emanuel has been working to convince the Landmarks Preservation Commission (“LPC”) to protect the 103-year-old corner classic. It’s the most intact of the […]

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Permits Filed for 12-Story Tumor Atop Provident Loan Society Building East Houston Street

Posted November 30, 2015 at 4:45 am

Here it comes. The Provident Loan Society building on East Houston Street is one step closer to sprouting a twelve-story (120-foot) tumor. Owners Elsa and Dunnie Lai together filed paperwork for the $15 million project with the Department of Buildings ten days ago. As previously reported, plans call for a 41,000 square-foot transformation of the un-protected Provident Loan […]

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Campaign Underway to Landmark the Provident Loan Society Building on East Houston Before this 12-Story Addition Happens

Posted November 2, 2015 at 5:00 am

The Provident Loan Society building on East Houston is threatened. Threatened by developers who wish to drop a 40,000 square-foot addition atop the 1912 treasure. As earlier reported, the owners of 223-225 East Houston – Elsa and Dunnie Lai – have proposed a twelve-story vertical addition to the property. The protrusion was made possible thanks […]

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Get Ready for This 12-Story Tumor Atop the Provident Loan Society Building on East Houston

Posted October 30, 2015 at 5:00 am

A campaign is underway to permanently protect the Provident Loan Society building on East Houston. But can it conceivably happen in time? It’s staring down the barrel of imminent demolition and redevelopment. An uphill battle for sure. Earlier this year, we learned some unfortunate news that the corner stalwart was facing the real threat of extinction. […]

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Who Benefits? Clayton Patterson Demands Answers Regarding Liquor Over-Saturation on the Lower East Side

Last modified March 16, 2015 at 1:36 pm

The following letter was written by Clayton Patterson, and directed toward local politicians, including Community Board 3. Yes, enough is enough with the bars and liquor licenses. Why does this part of the community need so many drinking establishments? We have lived through much abuse as our area has been turned into an alcohol theme […]

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Demolition Likely for Provident Loan Society Building on East Houston; New Development on the Horizon

Posted January 26, 2015 at 5:10 am

It’s truly unfortunate when you discover that a particular architectural treasure is not officially landmarked and is then demolished for luxury living. This trend is endemic of the Lower East Side lately, its very character endangered. And we’re probably losing another. The latest victim of the onslaught is allegedly the Provident Loan Society building at the […]

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Club Element and Its New Drill Rig

Posted April 4, 2012 at 6:45 am

This nightspot is back in business for its weekly soirees after a considerable hiatus. But the arrival of the Davey Drill is an omen in itself.

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