Harvest in the Square Soon

NYU is slowly but steadily revealing more of its ultimate expansion plans for completion by 2031. They’re epic in scope, and while most of the activity remains below 8th Street, there’s always the chance that their desire to grow will have them heading our way, as if we didn’t already have enough of that going on. Here’s the plan.

A state Supreme Court judge has lifted a temporary order blocking the city from rolling out its bedeviled 14th Street busway pilot. Justice Eileen Rakoff ruled that the city’s Department of Transportation (DOT) complied with state law that mandates the agency study the impact of banning private cars on the surrounding residential streets.

After reviewing documents from the city and the coalition of Manhattan residents petitioning the busway, Rankoff lifted the temporary restraining order that blocked the pilot’s July launch on Tuesday. DOT spokesperson Alana Morales says the agency is beginning work “immediately” and will launch the busway on Monday, August 12.

Transit advocates who have long called for the pilot program, which was originally timed to launch with work on the L train’s Canarsie Tunnel, praised the ruling as a “huge victory.”

“When riders organize, the whole city wins,” says Danny Pearlstein with the Riders Alliance. “The 14th Street busway will provide faster and more reliable bus trips, saving precious time for tens of thousands of people who badly need it.”

Others charge that the ruling sets a key precedent for other streets where residents seek to use the courts to “circumvent the democratic process in order to preserve the car-dominant status quo”— such as Central Park West where members of an Upper West Side condo board are suing to block a bike lane, says Marco Conner, the deputy director of Transportation Alternatives.

In Union Square Park, the 16th Street transverse and eastern plaza are now open to pedestrians, complete with additional park benches along the north sides of the transverse. New asphalt pavers and crushed bluestone allow the stately elm trees along the transverse to thrive while removing the previous trip hazard, and the entrance to the center lawn is now accessible to wheelchairs. The park’s new and expanded 15,000-square-foot play space is nearing completion with Parks Department final site inspections scheduled in the next few weeks. Soon, area kids will have endless hours of fun in this creative, colorful and beautifully landscaped play space designed by Michael Van Valkenburgh Associates. The North End Project is 91% complete and the remainder of the project, including new restroom facilities and the Pavilion, are expected to be finished by the end of the year.

The retail operation of Arthur’s Invitations has finally closed on 13th St. They are now using the basement for their custom work. What will replace Arthur’s at street level. That is unknown.

Demolition of the building which a PC Richard & Son store occupied at 124 E. 14th St. will begin immediately followed by construction of a 21-story, mixed-use office building that will house the new Union Square tech hub. Suffolk Construction will be the project’s general contractor.

RAL Development Services in a joint venture with Junius Real Estate Partners closed a $120 million construction loan from Bank OZK. Junius is a real estate investment unit of J.P. Morgan Private Bank, a division of J.P. Morgan Asset Management. Its focus is high yielding real estate equity and debt investments.

The developers also signed a 99-year ground lease with the New York City Economic Development Corporation. The New York Post reported the joint venture has agreed to the following arrangements: It made an up-front payment of $5 million and will not pay rent for the first three years during construction and lease-up. Afterwards the annual base rent will be $2.3 million for the first five years. The rent will then increase by 2% every year through the 30th year. Following this period, the rent will be subject to fair market resets. A spokesperson for RAL confirmed these financing terms with GlobeSt.com.

Last year, the city council approved the tech hub following New York City’s ULURP process. The steps were required to increase the as-of-right building height from 14 floors to 21 stories. 

For 25 years, RAL will lease six of the floors to the non-profit Civic Hall, which will create a digital training center, a tech incubator, co-working spaces, event spaces and an urban food hall. RAL will lease the top 14 floors of the 21-story building at market rate. According to the RFP issued by NYCEDC, the tech hub is expected to create over 500 jobs in Union Square.

Josh Wein, financial director of RAL, says, “In addition to the multitude of benefits this development provides for the City and its workforce, which have been designed to promote job creation and growth in the technology sector, we’ll be creating the finest modern office building in Midtown South.”

Community groups including the Greenwich Village Society for Historic Preservation (now named Village Preservation) advocated for neighborhood protections to accompany approval of the tech hub. They supported the educational and public goals of the project but protested its development without inclusion of rezoning for surrounding neighborhood streets. They requested limited heights for new developments, removal of current incentives for hotel and dorm development, and the inclusion of affordable housing with new construction for a limited area around the center.

The neighborhood organizations expressed they were concerned about an eventual destruction of the unique character the Village—starting with its now being referred to as Midtown South.

The W Hotel has undergone a $100 million renovation, including new restaurants and a new rooftop bar. With room rates now at $650, it’s pretty high-end.