Whole Foods Has Coupons

 

A Greenwich Village parking garage at 12 E. 13th St. between University Place and Fifth Avenue will be transformed into eight large condominiums, in another sign of the city’s booming ultra-luxury market.

The building, which sold for $32 million in 2012, will feature eight apartments—a mix of full-floor units and duplexes—with expected asking prices range from $7.5 million to $28.5 million for the top triplex, according to the project’s developers. Occupancy is expected by the end of 2014.

The project is a joint development by DHA Capital LLC and Continental Properties.

The developers plan to add four more floors to the eight-story building, which was built in 1930. A portion of the rear will be demolished and replaced with the new stories, and it will also receive a new façade with elongated bricks to make the windows wider.

The 10th, 11th and 12th floors will make up one triplex, while all of the ninth and part of the eighth floor will make up a duplex with an asking price of $18 million. The building will be topped by a glass structure being added as part of the 6,000-square-foot triplex penthouse.

The building will feature a 24-hour concierge, an automated parking system, a small gym, individual storage space and street-level retail.

The building is currently undergoing demolition, and reconstruction work will begin in a month or two.

Steven Fisch of Continental Properties, a family business started by his father in 1957, said this was their first joint venture with DHA Capital LLC, and the two groups looked at other properties before deciding on this one.

“One major factor was the size of the block, the location obviously, and the ability to do something very special, to create almost a work of art with full-floor condos,” said Mr. Fisch. “It’s very hard to find a 67-foot-wide building.”

Mr. Fisch said the two groups decided to create an ultra-high-end luxury building rather than smaller, more affordable apartments because there has been very strong demand for this type of housing over the past five years, and a shortage of supply.

He said they also wanted to distinguish themselves from large buildings featuring 150 and 200 apartments.

“It is in a location, and a time in New York City, when this can happen,” said Mr. Fisch.

Richard Cantor, a principal at Cantor-Pecorella, is marketing the condos. Mr. Cantor said none had been sold yet, but the ultra high-end luxury residential market is very strong.

“There’s been a huge uptick in prices in the high end, it’s a very strong market,” said Mr. Cantor.

He said the building doesn’t have a “pretentious” name, and is just known by its address to keep it simple.

The last tenant at the 45,000-square-foot parking garage was Hertz Rental Car, which vacated once its lease expired.

Curbed reports: The curvy low-rise building at 61 Fifth Avenue, devastated by fire in 2006, has been marked for death ever since the structure—a former Scrafft’s luncheonette (see photo at top left circa 1940)—was sold to a developer in early 2008. An architect was quickly enlisted to draw up plans for a 10-story building with apartments and ground-floor retail, and it was made clear that the current 61 Fifth Avenue was too far gone to be preserved in any manner. Has the economy put a pause on those plans? Perhaps, but broker-blogger Andrew Fine reports that demolition permit was issued for the property in December, so the wrecking ball could come calling any day now.

This remarkable photo looks west on 14th St. from Union Square in 1898. Isn’t it amazing how many buildings, including our own, still stand? The Lincoln statue is now inside the park.

13th St.’s Corkbuzz has been closed for a year, and it looks like its sucessor, Varith, a new Thai restaurant, is set to open in the space. Renovations have just begun. A partnership between New York City Thai restaurant operators Top Thai and Valla Table has signed a 10-year lease.The deal includes 3,500 square feet on the ground floor, 1,000 square feet of basement space, and 2,500 square feet of lower-level space for a speakeasy-style lounge. Led by chef and operator Chuck Valla, the new restaurant will be named after Valla’s mother and represents “a deeply personal passion project for all parties involved,” Meridian said.

Here’s an interview with Chuck Valla. 

Here are some details from the liquor license application:

–Premises will be operated and advertised as a full-service Thai restaurant with the kitchen open and full menu items available until closing every night.
–Hours of operation will be 11 AM to 11 PM Sundays through Saturdays (7 days a week). All
patrons will be cleared and no patrons will remain after stated closing time.
–Will not operate as a Lounge, Tavern or Sports Bar or allow any portion of premises to be
operated in that manner.
–Will not operate a backyard garden or any other outdoor area for commercial purposes including any sidewalk café and/or roadbed seating.
–Will play recorded background music at conversational levels only so as not to cause a
disturbance in any adjacent residences at any time.
–Will not have televisions.
–Will close all doors and windows at all times, allowing only for patron ingress and egress.
–Will not have patron occupancy/service to any portion of the basement of licensed premises.
–Will not install or have French doors, operable windows or open facades.
–Will not make changes to the existing façade except to change signage or awning.
–Will comply with NYC Department of Buildings Regulations and will keep current at all times required Permits and Certificates
–Will not have unlimited drink or unlimited food and drink specials. Will not have “boozy
brunches.” No pitchers of beer.
–There will be no “bottle service” or the sale of bottles of alcohol except for the sale of bottles of beer or wine products
–Will not have dancing, DJ’s, live music, promoted events, any event where a cover fee is charged or any scheduled performances, velvet ropes or metal barricades or security personnel/doormen.

Are you aware of the proposed MTA/DOT “L” train closure plans?

The MTA/DOT plans include a vehicular ban on 14^th Street (between 3^rd Ave & 9^th Ave) for 16-21 hours a day:

 The ban will seriously impede the daily activities of thousands of 14^th St. residents and businesses and will divert cars and trucks to residential side streets – with a 50% projected increase in traffic

The increase will be felt by the West Village, Village, East Village, Chelsea and the Flatiron Districts.

The proposed plans also includes a radical re-design of 13th Street with a two-way Bikeway:

MTA/DOT projects 2,000 – 5,000 cyclists DAILY on 13^th Street 

The bikeway, coupled with a 50% increase in traffic, will seriously impede residential, educational, and emergency services on the street placing pedestrians and bicyclists at risk

The 14th Street Coalition is a growing group of residents and business that was formed in response to the MTA/DOT plans.

We ask the MTA/DOT to balance residential and transportation needs in a more equal way. They MUST consider the impact that will be felt on the quality of life concerns including air pollution, noise, congested streets and increased risks to pedestrians and bicyclists. 

We understand that the Canarsie Tunnel must be repaired.  We seek a temporary solution that is EQUALLY fair to residents, businesses and commuters. 

It’s Time to Take Action – Sign our petition (go to www.change.org and browse: 14^th Street Coalition), join the 14^th Street Coalition on Facebook for links to sample letters to send to our elected officials,

Email us at  14thstcoalition@gmail.com for more information.

 

As construction continues at the northern end of Union Square Park, more and more trees are being removed. See for yourself.