Yonah Schimmel Knishes Sees the Light After Years Behind Bars
Yonah Schimmel Knishes is seeing the light again after years in the literal shadows.
Scaffolding from the eight-story development next door has been obscuring the beloved 112-year-old bakery since 2020, when demolition and redevelopment of the beloved Sunshine Cinema began. It was finally deposed last week.
As previously reported, East End Capital and K Property Group, who together purchased the Lower East Side theater five years ago for $31.5 million, are developing the nine-story construction. At a cost of about $90 million, the newcomer sports eight full-floor commercial units ranging in size from 5,000 to 6,800 square-feet. Each column-free office has 12-foot ceilings, floor-to-ceiling windows, concierge services, and private terraces. There is also one multi-level retail space with 60 feet of frontage, and an alleyway called “Houston Alley” for potential restaurant seating.
Yonah Schimmel was last in the news in March 2021, when it was reported that their building at 137 East Houston hit the market for $6 million. We were told at the time that any change in ownership wouldn’t affect their position in the property.