No More Belgian Waffles

The New School, has picked up 34-42 West 14th St, a five-story, 180,000 square foot building, for $153 million.

The seller was Samson Associates and the sale closed on Jan. 10, according to the Commercial Observer. Samson had owned the property since 1985. The building’s tenants will remain and pay rent to the school until their leases expire but those leases won’t be renewed. The school will take over space over time and convert it to academic uses. The building has about 25k SF of ground-floor retail space and comes with additional air rights.

Note that price: $153 million.

Look for some interesting shopping discounts, courtesy of the Union Square Partnership.

It’s been a while, but our site is up and running again, and we hope to make it fun and informative.

What happened to Big Enchilada on 12th? It’s suddenly gone!

The original location of New York mini-chain Heartland Brewery is slated to close on January 1.  The Post reports that the building at 35 Union Square West has a new owner who is asking for more than the Heartland team can afford to pay.  Owner Jon Bloostein says that when he opened the pub in 1994, the rent was $150,000 a year, but now the new landlord is asking for about $2 million a year.

This week (May 23 to May 27), Contractors will continue to excavate earth and rock, and load out material. We will complete the underpinning of the adjacent buildings. Installation of rakers, line drilling, lagging and sheeting around the perimeter will progress as well. Concrete foundation walls are scheduled to begin.

The following week (May 30 to June 3), we will continue line drilling, rock excavation, and loading out, as well as lagging and sheeting.

Concrete foundation walls will progress.