Vintage Photo

Reading International has announced  he closing of construction finance facilities totaling US $57.5 million to fund the non-equity portion of the anticipated construction costs of its redevelopment of 44 Union Square in New York City. It’s the historic building at the corner of 17th and Union Square East that is historically known as Tammany Hall.

The redevelopment of 44 Union Square will add approximately 23,000 square footage of rentable space to the current square footage of the building for an approximate total of 73,322 square feet of rentable space, inclusive of anticipated BOMA adjustments and subject to lease negotiations and the final tenant mix.

Neighbor James Morgan has done additional investigative work to find out the following:
–The name of the cafe may be Maison de Croque Monsieur.
–The owners are from the Petite Abielle group.
–They intend to keep the antique signage on the building, which is great.

First Au Bon Pain kicks the bucket, and now Tisserie at corner of Union Sq. West and 17th is gone as well.

The northeast corner of Union Square has now been swept clean of its last small independent businesses as Tammany Hall preps for its big upgrade. One less deli, one less smoke shop. And so it goes.