–A look at the new condo building coming to Essex Crossing: “Developers expect that 242 Broome will appeal to wealthier and older buyers who might be attracted to an evolving Lower East Side. As new condos break ground and rents rise, the Lower East Side has been steadily losing the eclectic mix of immigrants, working-class families, artists and musicians that defined the area for generations.” [New York Times]
–A housing advocacy group challenges the notion that the suspension of the state’s 421a program has had a chilling effect on affordable housing construction. [Politico New York]
–“Move over, rats. New York is planning an underground park;” a profile of the Lowline. [New York Times]
–The family that owns Mott Street’s Wing on Wo decided against selling the building. “Ultimately, they walked back from the sale, narrowly averting the end of five generations of family ownership, an increasingly rare species in this city of rising towers and rents.” [New York Times]
–Mei Li Wah, the longtime Chinese bakery on Bayard Street, was closed by the health department. [Eater]
