Ben Shaoul Makes Quick Work of 194 Orchard Demolition

Posted on: June 16th, 2015 at 5:18 am by
This image has been archived or removed.

The former single-story home of the Leather Gallery was the last property to join Ben Shaoul’s nascent development portfolio on upper Orchard Street (for $8.8 million). Yet it’s the first to fall.

The so-called “Sledgehammer” made quick work of 194 Orchard. Demolition lasted a mere two weeks last month, and the commercial building no longer exists. Dust in the wind. And now the digging begins. The sliver parcel is essentially a parking space for a resident backhoe while work progresses on the new ten-story condo tower.

But a partial stop-work order remains in effect at 194 Orchard due to “failure to weatherproof adjacent building.”

The forthcoming ten-story (120 feet) mixed-use tumor boasts 94,923 square-feet of residential area and a commercial footprint of 13,463 square-feet. There will be 83 apartments and an Equinox gym facility. Retail is part of the equation, as well.

Ben Shaoul, along with Real Estate Equities Corp., together purchased this gargantuan assemblage of single-story stores for a combined $75 million. This sale was rumored for nearly a year, but didn’t actually close until April. Shaoul’s acquisition was made possible thanks to a cash injection of $97 million from SL Green.

As previously reported, former owner Hesky Haim (Sky High Group) had been planning to erect his own six-story phallus here. The necessary plans and permits were in place. Together with architect Israel Veles, the team was developing 9,225 square-feet of mixed-use floor area. Sledge put an end to that, though.

This image has been archived or removed.

Ben Shaoul’s wet dream at 196 Orchard St.

Recent Stories

Avril Lavigne Marks 20th Album Anniversary on Canal Street

Avril Lavigne returned to SoHo this week to mark the twentieth anniversary of her pop-punk debut, Let Go. The “Sk8er Boi” artist took to TikTok in celebratory gush, posting a quick hit of her standing in the intersection of Broadway and Canal Street. An ode to the album cover, twenty years older and not blurry, […]

Long-Stalled Grand Street Lot Reactivates

Despite ongoing troubles with his East Broadway project, local owner-developer Daniel Wise is now proceeding with a new development planned for Grand Street. No longer an overgrown jungle of weeds, the zombie parcel spanning 330-332 Grand is, as of a couple weeks ago, fully reanimated. The Department of Buildings issued permits for foundation work last […]

From the Rooftops: The Hell Square Aural Assault

Articles about ear-shattering noise levels, from parties to cruising cars, as well as the general lack of regard for the residents of Hell Square, are rote at this point. Almost a cliche. But to residents living in the bullseye, the aural assault remains a weekly nightmare. And this past Saturday night, by several accounts, upped […]

Pitt Pool Opens for Summer Season

New York City public pools officially opened yesterday. For the Lower East Side, that means the Pitt Pool (aka Hamilton Fish) is ready to go. The launch happened with great fanfare. Parks Commissioner Sue Donoghue joined Manhattan Borough President Mark Levine, Assembly Member Harvey Epstein, Senator Brian Kavanagh, Council Member Carlina Rivera, and local kids […]

At Belse, the New Vegan Brewery on the Bowery

Belse, the Texas-based vegan brewery and restaurant, is now in business on the Bowery. The Lone Star State transplant – officially, Belse Plant Cuisine – takes 11,000 square-feet at 265-267 Bowery, in what was previously the fleeting home of the Paulaner Brauhaus brewery. The renovated space features three sections – a restaurant, bar, and Garden […]