“Celebrate Summer” Tomorrow, on Clinton Street

A scary winter storm could be on its way but that’s not deterring these guys.  Here’s the email we received concerning tomorrow night’s festivities: “Clinton Street is so over winter and we’re definitely not waiting another 4 months for Summer. We can’t even wait until Thursday.  This Thursday night throw on your most horrific Hawaiian shirt and your flashiest flip flops and make your way down to an anti-Winter celebration featuring the artwork of Leah Tinari.  The evening will include refreshments provided by Zico and Wodka, hot sounds by DJ Cels (@BlakeScotland) and DJ Vlad (@JnrlStr), cotton candy by Paul Frances, and neon face decoration.”

 

Crain’s: Barnett “In Contract” to Buy Pathmark Site For “Around $175 Million”

The site of the former Pathmark store at 227 Cherry Street.

Since last fall, there has been widespread speculation that Gary Barnett’s Extell Development Company planned to build a large residential complex on the site of the former Pathmark store at 227 Cherry Street.  The store closed late last year, representatives of the supermarket chain saying the property had been sold to an unnamed developer.  This afternoon Crain’s is reporting that Barnett is, in fact, in the process of purchasing the site.

According to reporter Daniel Geiger, Extell “is in contract” to purchase the parcel, which is “zoned to accommodate a building of nearly 1 million square feet.”  The purchase price is said to be “around $175 million.”  There is no sourcing in the story.  The sale has not popped up yet in the city finance department’s database.

A broker quoted in the story indicates that interest in Lower East Side real estate is definitely growing due to the development of the 1.65 million square foot Seward Park site along Delancey Street.  Barnett is one of the city’s most prolific developers with a reputation for building over-the-top luxury buildings.

LES Businesses Awarded Sandy Recovery Grants

Delicate Raymond, 73A Orchard Street.

Back in November, the Lower East Side BID held a benefit for businesses hit hard by Hurricane Sandy.  This week the BID announced the recipients of recovery grants made possible through the program.  $10,000 was raised during the fundraiser, held at the DL restaurant on Ludlow Street.  The recipients are: Saxelby Cheesemongers, Goodfellas, Congee Village, Georgia’s Eastside BBQ, Melt Bakery, Boubouki, Heritage Meats, Delicate Raymond Jewelry Bar and The Living Room. A news release from the BID stated that the “selection process was based on objective a set of evaluation criteria.”  Bob Zuckerman, the organization’s executive director, said “Sandy caused many businesses to suffer in myriad ways… We know that every little bit counts which is what encouraged our creation of the Sandy relief grant fund.”

Lower East Sideways

This month’s editorial cartoon from Evan Forsch, first published in the February issue of The Lo-Down’s print magazine.

Morning Reads: Hyping the Bowery, Club Operator Files $30 Million Suit, Wylie’s New Restaurant

A Bowery puff piece: “stars flock to former national symbol of urban blight.” (Daily News)

Jared Kushner continues his real estate binge, picking up Ben Shaoul’s East Village properties for $49 million (Real Deal).

Nightlife entrepreneur Noel Ashman is suing a former partner for $30 million over a Stanton Street club (Post).

The East Broadway location of X’ian Famous Foods closes (The Local EV).

Wylie Dufresne reveals details about his new East Village restaurant (NYT).

 

NYCHA Plans Luxury Housing Alongside Five LES Public Housing Projects

Photo via Alfred E. Smith Houses Facebook page.

The next big housing battle on the Lower East Side is upon us.  In the past month, officials with the New York City Housing Authority (NYCHA) have been briefing elected officials and some tenant leaders about plans to lease a huge amount of property alongside public housing to private developers for market-rate apartments and retail.    Last night, at a meeting of Community Board 3′s land use committee, activists began to mobilize against the proposal, one tenant leader saying in regards to NYCHA, “if you want a war you’ve got a war.”

The cash-strapped agency has been talking about selling or leasing some of its property for years.  A 2008 report from the Manhattan Borough President found that the housing authority has more than 30 million square feet of unused property rights (including parking lots, playgrounds and open space).  In September, NYCHA Chairman John Rhea signaled that he was preparing to move ahead with the leasing plan as a way of narrowing the authority’s annual $60 million budget gap.

Good Morning!

Midtown Peek

A foggy uptown view from beyond the Williamsburg Bridge. Photo by Joel Raskin.

Morning clouds, afternoon sunshine, strong winds throughout the day and a high of 40.

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