Developer Files to Decapitate Streit’s Matzo Building on Rivington Street

Posted on: October 22nd, 2015 at 5:00 am by
This image has been archived or removed.

The sizeable midsection of the former Streit’s Matzo Factory is coming down. Current property owner Cogswell Realty – the developer that purchased the four parcels earlier this year for $30.5 million – filed permits last week to demolish more than half of 150 Rivington Street. Floors two through six, to be precise.

According to public records at the Department of Buildings, Cogswell will not only remove the upper floors, but also renovate the ground and basement levels for retail use. A total of 10,219 square-feet. It’s not immediately clear, however, what the real plan is here. But this action is probably just a preemptive move to ensure that these contiguous buildings are not landmarked in the near future.

What is known is that architect Gluck+, which specializes in modular construction, is tasked with the new development. One that could rise six to seven stories when the smoke clears. Cogswell was also reportedly in talks to purchase 14,000 square-feet of air rights for $2.7 million from the nearby Suffolk Homes.

Streit’s ceased matzo production back in June for the first time in its ninety-year existence on the Lower East Side. Current fifth-generation co-owner Aaron Gross has instead relocated the facility to a stretch of Route 303 near Kings Highway. Exact location unknown.

Recent Stories

Displaced Chinatown Business Returns Months After Devastating Fire

Four months after a deadly fire knocked out 78 Mulberry Street, one of its businesses returned to the scene. Ewa Trading Company reopened in its former Chinatown home earlier this week. The store had spent some of the interim displacement period selling from a shuttered Vietnamese restaurant a few paces north. The two-alarm fire broke […]

EDC Sues Essex Restaurant for Back Rent over Former Essex Market Lease

Three years removed from its relocation across Rivington Street, the city filed suit against the Essex restaurant for alleged unpaid rent. The Economic Development Corporation (EDC) sued Essex for nearly $60,000 in unpaid back rent on the former Essex Market building it previously occupied, according to the lawsuit filed Monday. The city entity claims that […]

Exile on Orchard Street: Tenement Museum Recreates Exhibits During Renovations

The Tenement Museum is amidst a preservation project at 97 Orchard Street, but will continue its programming with replicas not too far away. The 1863-era tenement this past Sunday embarked on “vital” restoration work to preserve its walls, floors, roof, as well as the installation of a new HVAC system that will provide improved climate […]

Former Home of Stanton Social on the LES Hits Market for $5.9M

Stanton Social has been in the grave for nearly four years. Now, its former home is back on the market. The two-story building – located at 99 Stanton Street in Hell Square – carries an asking price of $5.9 million. B6 Real Estate Advisors is listed as the exclusive brokerage for the property, which has […]

DOT to Pave Pock-Marked Pell Street; Sheds Removed

Pell Street is finally on deck for a resurfacing, forcing numerous Chinatown businesses to dismantle their street shed annexes. Those who operate outdoor dining sheds along Pell Street received notice this week from the Department of Transportation to dismantle structure ahead of scheduled street repaving. This small neighborhood street – which once terminated at Division – […]