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Lower East Side Links

Must Read

–The rent freeze is over. In a preliminary vote, the Rent Guidelines Board approves increases in one-year leases ranging from 1 to 3%. [The Daily News]

–Here’s an investigation of the preferential rent loophole, which allows New York City landlords to arbitrarily increase rents in stabilized apartments. It’s a “tactic (that) fosters gentrification, eviction and homelessness.” [Pro Publica]

–New York City landlords are having to settle for lower commercial rents in the current market. For example, a space on Broadway in Soho might now be going for $500 per square foot as opposed to $1000 per square foot. But deals abound! “A retailer that can’t afford a Soho storefront… may do just as well leasing a space three blocks over for $300 a foot.” [New York Post]

–A new report examines inequitable economic growth in gentrifying neighborhoods. The Lower East Side Employment Network is singled out as one solution to leveling the playing field. [Gotham Gazette]

–Louis Chan’s photo exhibition documenting the interiors of Chinese immigrants’ homes reflect “a disappearing geography,” as “gentrification reshapes and displaces Chinese American neighborhoods in New York City.” The show is at Pearl River Mart’s new location through May 12. [CNN]

–A profile of artist Ivan Argote, whose new show will inaugurate Galerie Perrotin’s massive Lower East Side space on Orchard Street. The exhibition opens tomorrow. [Forbes]

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