La Margarita Pizza to Combine Operations at 168 Ludlow Street by Month’s End
The handwritten sign below is posted to the front door.
This move across the way to 168 Ludlow Street (formerly home of Taquitoria) is almost a year in the offing, and related to the recent $12.5 million property transaction.
“Famous” Hakki founded La Margarita at 151 Ludlow in 2013. Two years later, at the end of 2015, the ubiquitous pizza maker sold the business to the current owners (one of whom is a building tenant) whose struggles with the lease were the subject of our previous coverage. Prior building owner Arwen Properties allegedly wanted the business out. It later came to pass, naturally, that a suitor was in the wings. Namely, Slate Property Group, the same firm that co-owns Rivington House, which acquired the two tenements at 151-153 Ludlow this past June for $12.5 million.
And now, 151 Ludlow is undergoing the requisite transformation, nay upscaling, to luxury living. The premises is apparently an active work zone.