A few weeks ago we noted that demolition was imminent at at the former Pathmark site on Cherry Street. Now, almost a year after the large supermarket in the Two Bridges area closed, paperwork has been filed to take down the one-story building. Extell Development Corp., which is planning a very large residential tower (with ground floor grocery), has filed a full demolition request with the Department of Buildings. No word yet on Extell’s specific blueprint for the site alongside the Manhattan Bridge.
It’s been almost a year since the Pathmark store at 227 Cherry St. closed to make way for a massive new residential tower from Gary Barnett’s Extell Development Company. Extell has not disclosed specific plans for the site, but pre-construction work is apparently getting underway sometime soon.
Today’s New York Times report, “Reasons for Crossing Delancey” touched on the future of the former Pathmark site along South Street. Gary Barnett’s Extell Development bought the large parcel last year and is planning a huge residential tower, apparently with a ground floor supermarket. The article noted that, “The Two Bridges (Neighborhood Council) owns a lot adjacent to the Pathmark site, where (Two Bridges President Victor) Papa said he would like to build 75 more units of subsidized housing.”
It’s not news that Two Bridges, which along with Settlement Housing Fund built seven affordable housing complexes along the East River, has plans for the site mentioned by the Times. The parcel, known as 235-247 Cherry St., formerly housed the Pathmark pharmacy. But given all of the development activity in the area, we thought it worthwhile to revisit the status of this site.
Here’s a Friday afternoon press release from Lower East Side elected officials Sheldon Silver, Margaret Chin and Daniel Squadron:
It was just about the worst kept secret on the Lower East Side. Now city finance department records confirm Gary Barnett of Extell Development, one of New York’s biggest developers, is indeed the new owner of the former Pathmark site on Cherry Street. The property, listed as 250 South St., changed hands for about $103,400,000 on March 15. In a separate transaction, Extell paid $46.5 million to acquire Pathmark’s long-term lease. So the deal is worth closer to $150 million.
The Pathmark grocery store closed at the end of last year, amid rumors that Extell had made a deal for the site. Current zoning allows for a nearly one-million square foot building on the parcel, which features views of the East River. It also happens to be surrounded by a lot of public and subsidized housing. Barnett, who grew up on the Lower East Side, is known for his “over-the-top” luxury projects.
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.
As most everyone knows by now, the Cherry Street Pathmark store closed in the waning days of 2012, leaving thousands of residents without a full-service grocery store. Yesterday the Two Bridges Neighborhood Council sent out an email blast updating its efforts to fill the fresh-food gap on the Lower East Side.
On Monday, Two Bridges and its consultant, Urbane Development LLC, met with Sam Martin, the head of Pathmark parent company A&P. The meeting took place at the company’s headquarters in Montvale, New Jersey. According to the email, the A&P team made it clear “they are sensitive to the void the departure of the Cherry Street Pathmark leaves in the Lower East Side/Two Bridges community, both from a food access and community facility perspective.”
It wasn’t a pretty sight inside the Central Parking garage at 227 Cherry Street in the hours after Hurricane Sandy came ashore. More than 50 cars were swamped by flood waters that rushed across South Street and turned the facility, located below the Pathmark store, into a lake. Today the owners of those cars have still not been allowed inside to inspect the damage.
This morning we spoke with Melissa Nguyen, who has been helping to organize more than two dozen of the owners to get some answers from Central Parking about events that led up to the flood. According to Nguyen, the company ordered the garage locked at 4 p.m. Sunday. Some people, herself included, were at work or unable to remove their cars in the afternoon for other reasons. She said Central Parking was incredibly unsympathetic and inflexible about their predicament. In the aftermath of the storm, car owners have not been granted access to the facility for the purpose of filing insurance claims. The group is now exploring legal options.
The Pathmark Pharmacy at 227 Cherry Street is shuttering at the end of today, in spite of previous indications that it would remain open until the end of the month. Several weeks ago it was announced that the pharmacy and adjacent grocery store would be closing to make way for a large-scale residential development project.
Yesterday, the shelves were pretty bare, as workers prepared to consolidate merchandise in the grocery store building, which itself is scheduled to close at the end of December. The Two Bridges Neighborhood Council owns the pharmacy building. Cherry Street LLC, which owns the grocery store site and held the lease for the pharmacy building, reportedly transferred both leases to a third party, believed to be luxury New York City developer Extell Development.
As we have been reporting, the Pathmark grocery store at 227 Cherry Street is closing at the end of the year to make way for a large-scale residential development project. The company also announced plans to shut down its pharmacy, located in a separate building on Cherry Street. But today we have confirmed rumors swirling for the past month that the pharmacy will close its doors this month, two months before the grocery ends its 30-year commitment to the Lower East Side.
Unlike the grocery store site, the pharmacy building is owned by the Two Bridges Neighborhood Council, the sponsor of several affordable housing developments along the East River waterfront. The organization was informed by Pathmark this week that “financial considerations” have prompted the financially troubled chain to end operations October 27. Customers are being told by store mangement that the closure will happen even sooner, next Thursday. Two Bridges President Victor Papa tells us conversations with Pathmark are continuing to see if there’s any way to extend the pharmacy’s services beyond this month.
We’ve been keeping a close watch on the situation at Pathmark, the large grocery store at 227 Cherry Street that’s closing at the end of this year. Today local elected officials have sent a letter to Pathmark’s CEO, Sam Martin, and to F. Roy Schoenberg of Cheery Street LLC, the property owner. The letter was signed by State Assembly Speaker Sheldon Silver, City Council member Margaret Chin, State Senator Daniel Squadron and Manhattan Borough President Scott Stringer. Here’s the full text:
As we just reported, there will be a rally next Wednesday morning to protest the closing of the Pathmark store on Cherry Street. It’s not the first time community activists have raised their voices outside the Lower East Side super-store. Here was the scene back in December of 2007, when rumors first began circulating that Pathmark would be closing to make way for luxury development.