30-Story Condo to Rise at 5 West 13th St.?

Prolific New York condo developer Victor Sigoura’s Legion Investment Group got busy this week with a new project on a site it just acquired near Union Square.

Legion and real estate investment firm EJS Group bought the vacant six-story office building at 5 West 13th Street/8 West 14th Street for $57.5 million, according to property records made public Tuesday. The ink barely had time to dry before Sigoura’s firm filed permits on Friday to tear down the 130,000-square-foot building. The developer likely has plans for more of what it does best: a condo building up to 30 stories tall, according to Crain’s New York Business. 

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  • Restaurant Recommendation: Momofuku Milk Bar

    David Chang’s impressive restaurant empire is a joy to have in the neigborhood. His latest accomplishment is the weird and wonderful Momofuku Milk Bar on 13th near 2nd Ave. Try it out for some wild and tasty takeaway desserts. A little pricey, but it’s one of those “only in New York” things. We’re lucky to have it. Get the crack pie or the compost cookies.

  • Oh, Rats (hopefully not)…Composting Has Arrived

    Please be advised that curbside composting began on October 6, 2024. The program is mandatory and requires buildings to separate food and yard waste from other trash and recycling items. However, there is a grace period until April 2025 to allow buildings to implement the proper procedures and get everything in order.

    • We have ordered one bin for each building and have ordered a second for each building in anticipation of participation.
    • Residents are required to bring their food waste materials down and place them in the composting bin. The bins are on the second floor of 14th Street and in the garbage area in the back of the lobby on 13th Street. They are in place and ready for use.
    • Acceptable materials for the composting bin include all food scraps, bones, dairy, prepared/cooked foods, and food-soiled paper (napkins, paper plates, coffee filters).
    • Recycling and trash procedures remain unchanged.

    Please see the attached DSNY flyer detailing acceptable materials for the composting bin. Additional guidance and recommendations include:

    • Drain liquids before placing food scraps in the composting bin.
    • Store composting materials in a plastic bag, brown paper bag, yogurt tub, or a designated organics container. Empty the scraps into the composting bin in the basement.
    • To prevent odors, store scraps in the freezer if you cannot bring them down immediately.
    • Newspapers, paper bags and certified compostable bags are acceptable in the composting bin. Plastic bags may be thrown in the bin as the DSNY has a method for removing them. Hard plastic, metal, and glass are not permitted.

    As a reminder, plastic, cardboard, metal, and glass should be recycled separately and not placed in the composting bin. Regular trash items including Styrofoam, pet waste, or diapers must not be thrown into the composting bin.

    Should you have any questions or concerns, please feel free to contact me or Mecca at 212-986-0001 or via email at TCunningham@akam.com or MWhite@akam.com.

    Thank you.