Joseph Chetrit

Developer Begins Demolition of Rutgers Street Playground for Temporary Parking Lot

Posted June 24, 2022 at 5:03 am

Demolition work began this week on a Lower East Side park that is a focal point in the tension between the community and developers on the waterfront. The backhoes are out and job now underway at Rutgers Park, the small public space beside the Lands End II residential development. Removal of the playground began yesterday, including […]

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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 Work Prepped at Two Bridges Development Site for New Towers

Posted April 15, 2022 at 5:03 am

No sooner were excavation permits issued than worksite preparations began on a controversial South Street development along the Lower East Side waterfront. Indeed, Department of Buildings on Tuesday issued official approval to the Chetrit Group to begin foundation activities for its dual 70-story tower at 265 South. By yesterday evening, a perimeter fence was in […]

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Department of Buildings Issues Foundation Permits for 70-Story Tower on South Street

Posted April 13, 2022 at 5:01 am

The controversial 70-story tower slated for the Lower East Side waterfront received a major boost this week. Department of Buildings yesterday issued permits for the gargantuan foundation at 265 South Street, thus allowing owner-developer Chetrit Group to take advantage of the 421a tax exemption which is set to expire June 15. The applications for the […]

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Two Bridges Groups Demand DOB Deny Chetrit Special Permission to Build 70-Story Tower Under 421-a

Last modified April 12, 2022 at 10:44 am

Mere days after securing $70 million in funding comes word the Chetrit Group is appealing to the city for special permission to pour foundations for its super-tall waterfront towers, before the project overall is approved. Locals are diametrically opposed, alleging this as an attempt to capitalize on the 421-a tax break before it expires. Neighborhood […]

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Chetrit Closes on $78M Purchase of 70-Story Two Bridges Development Site

Posted April 7, 2022 at 5:02 am

The deal is done. Developer Joe Chetrit is officially part of the Lower East Side waterfront. Thanks to a $70 million loan from Madison Realty Capital, Chetrit acquired the CIM/L+M parking lot development parcel behind the Lands End II residential complex back in the fall. The deal closed last Friday for $78 million. (Prior reports […]

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DOB Approves Chetrit’s $13M Noho Hotel Conversion; Crunch Bowery Opens in June

Posted May 16, 2014 at 5:04 am

It’s been nearly a year since Crunch announced plans to move its Lafayette gym one block east to the Bowery. Well, 2 Cooper Square, to be precise. We are told that the new two-level facility should be ready sometime in the first week of June. Apparently the OG location will remain open during the transition. Meanwhile, a […]

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