Real Estate
Hypebeast Officially Announces its Division Street Conquest
Posted May 18, 2022 at 5:02 am
Hypebeast is hyped for the Lower East Side. The Hong Kong-based fashion and lifestyle publication, Hypebeast, is moving to the seven-story commercial loft building at 41-43 Division Street in due course. A vinyl banner stretched across the frontage announces the forthcoming arrival. Plans for the 21,000 square-foot space, and its conversion, have been in the works […]
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Residents Unite Against Developer Plans to Swap Park for Parking on LES Waterfront
Last modified May 17, 2022 at 1:51 pm
Residents on the Lower East Side waterfront may soon lose more publicly accessible outdoor space. The developer of a new super-tall plans to reduce a children’s playground to a parking lot. As excavation work commences on Chetrit Group’s 70-story, twin-towered development at 265 South Street, tenants in the adjacent building – Lands End II – […]
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Excavation Begins for 70-Story South Street Towers
Posted May 16, 2022 at 5:02 am
Cranes, and plywood, and pile-drivers, oh my! Such is the story down on the Lower East Side waterfront. Department of Buildings on April 12 issued official approval to the Chetrit Group to begin foundation activities for its dual 70-story tower at 265 South. A month later, the big trucks are mobilized. While excavation is now […]
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Seven-Story Office Building Headed to Bowery Lighting District
Posted May 12, 2022 at 5:02 am
A new commercial office tower is coming soon to the so-called Bowery Lighting District. Real Estate Equities Corp. submitted plans to Department of Buildings last month for an 85-foot commercial development at Bowery and Broome Street. The footprint will occupy the stretch of pre-war buildings spanning 156 to 166 Bowery; demolition permits were issued in June 2021. […]
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Groups Seek to Save the New York Eye and Ear Infirmary Building on Second Avenue
Posted May 11, 2022 at 5:06 am
The New York Eye and Ear Infirmary, situated in the same East Village building for over a century, is poised to relocate. In its wake is uncertainly about the fate of this hulking six-story corner property. With real estate speculation potentially queued, a collection of preservation-minded groups are pitching the city to save the building. […]
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Yonah Schimmel Knishes Sees the Light After Years Behind Bars
Last modified May 6, 2022 at 4:50 pm
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 […]
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Rite-Aid to Shutter Chinatown Store this Month
Last modified May 5, 2022 at 7:37 am
One day after news broke that Rite-Aid on Grand Street is closing, another outpost crosstown in Chinatown is suffering the same fate. The Rite-Aid store at 7 Madison Street is next to close. Final day in business is May 18. The closure comes shortly after Rite-Aid corporate announced earlier this year cost-cutting measures resulting in […]
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Ten-Story Tower Planned Atop Historic Eisner Bros ‘Eastern Dispensary’ on Essex Street
Posted May 5, 2022 at 5:01 am
The historic Eastern Dispensary Building on Essex Street – home of the longtime Eisner Bros. on the ground floor – is headed for redevelopment. A new vertical appendage. Owner of the hallmark, bunker-looking Building at 75 Essex filed plans this week with the Department of Buildings to redevelop the property to include a ten-story addition. […]
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Rebuilding Begins at 78 Mulberry 2 Weeks After Deadly Fire
Posted May 4, 2022 at 5:09 am
A little over two weeks after a deadly fire at 78 Mulberry Street, the long rebuilding process has begun. Although a partial vacate order remains affixed to the entryway, workers were allowed to remove debris from within. And despite massive fire and water damage, the structure remains stable enough to renovate. KK Discount Proprietors were […]
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Grand Street Rite-Aid to Close in 2 Weeks
Last modified May 5, 2022 at 7:37 am
The Rite-Aid store on Grand Street, often frequented by the late Sheldon Silver, is set to close for good in two weeks. We’re told that, after decades at 408 Grand, the final day in business is May 16. Apparently, all prescription records were transferred to the Duane Reade on Delancey Street. Customers are urged to […]
