Waterfront Development

Appeals Court Overturns Verdicts that Blocked Two Bridges Towers

Last modified February 17, 2021 at 9:05 am

The years-long battle to erect enormous skyscrapers along the Two Bridges waterfront is edging closer to victory. In its decision, the Appellate Court yesterday sided with the city/developers in two related community-based lawsuits, reversing the February 2020 decision that halted construction of four new towers along the coastline. (The court hearing was two weeks ago.) […]

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Appellate Court to Hear Community Lawsuit that Halted Development of Two Bridges Towers

Posted January 19, 2021 at 5:00 am

Down on the Two Bridges waterfront, the future of three super-tall residential projects will soon be decided. Indeed, it took a year, but a community-led lawsuit is now on appeal, with a court date set for next week. You’ll recall that a consortium of community groups under the banner of Lower East Side Organized Neighbors […]

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Lands End II Complex Sold to Related for $435M

Last modified November 19, 2020 at 7:38 pm

Related Companies finalized a deal this week to acquire two Section 8 affordable housing properties on the Lower East Side waterfront. The $435 million transaction for Lands End II at 265-275 Cherry Street, first reported by the Real Deal, is touted as one of the largest multifamily deals to go through since the outset of […]

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One Manhattan Square Shows off 45K Square-Foot Private Garden with Tree House

Posted October 15, 2020 at 5:04 am

Crime might be spiking at one of Extell’s properties on the Lower East Side waterfront, but its luxury tower, One Manhattan Square, continues to bask in amenities. Specifically, its new garden area, which is touted as the largest private outdoor garden space in the city. At 45,000 square-feet, the West 8-designed yard features a furnished […]

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Tenants Fearful of Uptick in Crime at Extell’s Affordable Building on Cherry Street

Last modified October 6, 2020 at 7:34 pm

[Updated below] While real estate speculation along the Lower East Side waterfront continues, albeit gradually due to ongoing lawsuits, one skyline newcomer is reportedly plagued with crime. For Extell Development Corp. the plan from the get-go was two as-of-right towers at Cherry Street and Pike Slip. One Manhattan Square being the crown jewel with million-dollar […]

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The Fight Against the Two Bridges Towers is Far from Over [OP-ED]

Posted September 23, 2020 at 5:05 am

The following editorial was written by the Coalition to Protect Chinatown and the Lower East Side. Councilwoman Margaret Chin would like you to believe the Lower East Side and Chinatown are dead. That she tried courageously to save our community from being demolished by four mega-towers, yet the Appellate court wouldn’t let her prevail. Though, […]

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Appeals Court Reverses Decision Blocking Two Bridges Towers

Posted August 28, 2020 at 5:00 am

In a major upset, the Appellate Division of the New York Supreme Court yesterday sided with a gaggle of developers in the long-running dispute over four skyscrapers on the Lower East Side waterfront. The verdict reversed the lower court ruling that had essentially blocked the wall of glass from happening. State Supreme Court Judge Arthur […]

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Beleaguered One Manhattan Square Slashes Prices 20% Amidst COVID-19

Posted May 4, 2020 at 5:18 am

Already in a crunch before COVID-19 came ashore, Extell is now resorting to further desperate measures at the gargantuan One Manhattan Square. For a “limited time,” the large quantity of unsold inventory at the luxury development is discounted up to 20-percent. What the PR spin-doctors are calling a “price incentive.” This new incentive is intended […]

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Two Bridges Developers Vow to Appeal Judgement Halting New Towers

Posted February 26, 2020 at 5:00 am

Hours after the State Supreme Court ruled in favor of halting three towers in Two Bridges, the developers collectively announced their plans to appeal. Timeline given is “the near future.” The ruling came down from Judge Arthur Engoron Monday evening, favoring the plaintiffs, the Lower East Side Organized Neighbors, in their lawsuit. He found that […]

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Judge Rules in Favor of Community Lawsuit to Halt Two Bridges Towers

Last modified February 25, 2020 at 9:47 am

A state Supreme Court judge yesterday ruled in favor of a year-old community lawsuit to halt the planned development of three luxury towers in Two Bridges. State Supreme Court Judge Arthur Engoron, who presided over the case brought by the Lower East Side Organized Neighbors coalition, found that the slate of skyscrapers is in direct […]

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