Former Jones Diner Site on Lafayette Could Fetch $35M

Posted on: January 29th, 2015 at 5:10 am by
This image has been archived or removed.

May the Jones Diner rest in peace.

Known for its intrusive advertecture in recent years, the vacant lot is now on the open market. The 5,500 square-foot sliver of land at the corner of Lafayette and Great Jones Street (aka 363 Lafayette) is the latest “development site” in an area too rich for its britches. It reportedly boasts 32,000 buildable square-feet.

Olmstead Properties, which has owned the site since the 1940s, previously planned a mixed-use building in 2007 (and had a zoning variance), but those plans ultimately fizzled in the interim.

Price sought for the swath of land is something in the neighborhood of $35 million, or $1,100 per buildable square foot. Meaning, the buyer could dump six to eight stories of luxury on the spot, depending on whether variances are approved by the city (the parcel sits in the landmarked NoHo Historic District). The property carries 200 feet of frontage along Lafayette Street, roughly 50 feet on Great Jones, and 6 feet on Bond.

The onetime local favorite Jones Diner met its maker in September 2002.

This image has been archived or removed.

Jones Diner in 1977, Photo: Art Flux

Recent Stories

Delivery Worker Slashed and Mugged in Ridge Street Condo

A food delivery worker on the job was slashed across the face Sunday evening while in the elevator of a luxury condo building on Ridge Street, according to police. The unidentified victim, a 29-year-old man, had been in the elevator of 78 Ridge Street (Ridge Street Residences nee River Ridge Condo) when he was approached by […]

Under Community Pressure, City Moves to Renovate Rivington Playground

As Sara D. Roosevelt Park continues its steady descent, area stakeholders are pushing to rehabilitate a key playground in the northern section of the park to stave off the danger element. The Rivington Street Playground, situated across from the M’finda Kalunga Garden, is next on the docket for a refresh, much in the same way […]

‘Belse’ Erases Paulaner from the Bowery Ahead of New Vegan Brewery

A vegan brewery and restaurant is poised to open on the Bowery, taking the place of the failed, and since fallow, Paulaner Brauhaus. Indeed, as previously reported, Dallas-based Belse is on board to take over 265-267 Bowery. The relative newcomer – which began life last February – will go even bigger with this larger Lower […]

Moscot Moves HQ from the Corner to New Orchard Street Store

Moscot is no longer on the corner, leaving behind Orchard and Delancey for a spot just paces to the south. And for the first time in its history, no rent to pay. As first reported by Bowery Boogie earlier this year, the centenary opticians chose the mid-block space at 94 Orchard as new base of […]

Mark Miller Reopens Orchard Street Gallery This Week with Street Artist Hektad

The Mark Miller Gallery returns to Orchard Street this week, and is enlisting the help of an established graffiti writer to help relaunch. The longtime Lower East Side showroom will reopen on Wednesday – after a two-year pandemic hiatus – with an exhibit featuring Hektad. “Looking at the graffiti art of Hektad is like finding […]