Friday, Dec. 9, 2016 | Here’s a recent photo from Grand Street and Orchard Street. | Weather: Mostly sunny today with a high of 40. Partly cloudy and 39 tomorrow. Mostly cloudy with a high of 38 on Sunday. There’s a chance of rain mixed with snow Sunday evening. | If you would like to share a neighborhood picture with us, send it to: email@example.com or tag us on Instagram at #LoDownNY.
This past summer, the former Ridley Department Store buildings at Orchard and Grand streets were sold for $27 million. Now we’re starting to see signs of the iconic property’s future.
The Wall Street Journal (subscription required) profiles lower Orchard Street today, noting that a series of real estate deals and smaller entrepreneurial projects are transforming a three block stretch below Grand Street. The article also includes a few new tidbits about the future of the “Pink Building” and two adjacent properties that were sold recently for $27 million.
The “pink building” at the corner of Grand and Orchard streets and adjoining properties have reportedly been sold for $27 million.
Ridley Department Store Building, 319-321 Grand Street.
This morning the Landmarks Preservation Commission (LPC) voted to designate the Ridley & Sons Department Store Building at 319-321 Grand Street. The quirky “pink building” at the corner of Grand and Orchard streets was built in 1886. The enormous department store closed in 1901. The commissioners decided not to protect a newer portion of the building, 59 Orchard Street, that was added in the 1930’s.
A representative of the owner, attorney Bob Davis, testified just before the vote, endorsing the commission’s decision and acknowledging the building’s architectural and historical significance. Last year, Alfred I. Goldman, the property owner, told the New York Times he was not thrilled about the idea of designating the 125 year old structure.
Ridley & Sons Department Store building, 315-321 Grand Street.
The Ridley & Sons Department Store building at 315-321 Grand Street is looking pretty good these days. As you may recall, a fire broke out in the “pink building” last December, raising concerns that the quirky 125-year-old structure would be allowed to wither away. But a fresh coat of paint, new windows and interior renovations have done wonders. It just so happens there’s a bit of news about efforts to protect the building from the wrecking ball.
Next week, the Landmarks Preservation Commission will hold a public hearing on the Ridley & Sons application. The initial hearing took place in 2009. Lisi de Bourbon, spokesperson for the commission, tells us the session next Tuesday, September 11, was scheduled to give the building owner an opportunity to testify. She said it’s possible the commissioners will vote on landmarking the Ridley building following the testimony.