Annual Meeting Alert

The annual meeting of shareholders will take place on June 6 at 7PM at the Seafarers and International House at 123 East 15th St., second floor.

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  • Latest New School Construction Update

    Next week (May 14 to May 18), Superstructure work will continue at the 18th floor level. The superstructure concrete work will be completed on the building buy the end of the month. Deliveries for the internal systems of the building have been ongoing and will continue, although they should not greatly affect the flow of pedestrian and road traffic.

    The following week (May 21 to May 25), we will be working on the machine room levels on the 18th floor. Deliveries for the internal systems of the building have been ongoing and will continue, although they should not greatly affect the flow of pedestrian and road traffic.

    This weekend the site will be open on Saturday, May 12th for superstructure related activities between the work hours of 7AM and 5PM as permitted by the City. To control noise levels within the site, work activities will be limited to the placement of formwork and concrete, plumbing and electrical work, rebar for concrete placement, using the crane and equipment to support all activities. Safety horns are used, and required by law, to coordinate lifting with the crane and to alert the workers of the danger overhead. We have directed the operators to limit the use of horns to one short sounding and to use the crane later in the day so as to avoid any excess noise. There will be steel work being done on the 5th Ave. side of the building. As a result there will be another crane on site to lift the pieces into place but it will sit in the site and will not affect pedestrian or motor traffic in the area.

    Additionally, Con Ed will be doing street connections on 14th street.

  • A Proposal for Significant Enhancements Around the Edges of Union Square

    The Union Square Partnership has proposed a wide-ranging collection of enhancement to remake Union Square Park, expanding its edges into the surrounding streets to make it a much bigger and more attractive pedestrian-oriented area. Click through the links in their letter below to see much more. 

    They write:

    The Union Square Partnership is proud to announce the release of the Union Square-14th Street District Vision Plan: a bold new vision for transforming Union Square-14th Street into New York’s most accessible space.

    The Wall Street Journal ran an exclusive today showcasing the Vision Plan, stating “…the plan’s ultimate goal is for parkgoers to know they have ‘arrived at a place that is special.'” Read the full article here.  

    Building upon USP’s past investments, including the renovation of Union Square Park’s north end, City initiatives like Parks Without Borders, the 14th Street Busway, and the pedestrianization of Broadway, along with the more than one million square feet of new private development underway, our Vision Plan focuses on five key improvements prioritizing accessibility, district-wide connectivity, and substantial increases in public open space.

    Designed in collaboration with Marvel, the Vision Plan is the culmination of a two-year-long engagement process working with community members, local business leaders, urban designers, transportation experts, and City and State agency partners. With over a thousand individuals engaged at twenty separate engagement events, it was the largest outreach effort in the Partnership’s 45-year history.

    We are sure you will have questions and feedback about the Vision Plan and there will be many opportunities to learn more. The first is our official Vision Plan: Launch Event hosted in collaboration with the Urban Design Forum on Tuesday, January 26th at 12:00 PM. Please RSVP here.

    Next, we will be hosting a series of Vision Plan: Community Conversations via Zoom to facilitate more robust discussions and gather feedback. Dates + times will be announced soon but you can express interest in attending a session here.

    To familiarize yourselves with the plan, we have launched a dedicated web page with a robust amount of detailed information about the Union Square-14th Street District Vision Plan. Click on the link below to download and read the full report, our info sheet, and press release, as well as view the annotated renderings. There is also an FAQ, which hopefully will address most of your initial questions. You can explore more via unionsquarenyc.org/vision.

    We look forward to fostering dialogue in the coming months that will guide our investments and set future priorities. It is my hope that as you review the Vision Plan that you will feel the impact of our collaborative community process and continue to share feedback as we move forward to the next stage.

  • Latest New School Construction Update

    Next week (June 4 to June 5), Superstructure work will continue at the 18th floor level. The superstructure concrete work will be completed on the building buy the end of the month. Deliveries for the internal systems of the building have been ongoing and will continue, although they should not greatly affect the flow of pedestrian and road traffic.

    The following week (June 11 to June 15), we will be working on the machine room levels on the 18th floor. Deliveries for the internal systems of the building have been ongoing and will continue, although they should not greatly affect the flow of pedestrian and road traffic. The crane on site will be demobilized and removed from site at the end of June.

    This weekend the site will be open on Saturday, June 2nd for superstructure related activities between the work hours of 7AM and 5PM as permitted by the City. To control noise levels within the site, work activities will be limited to the placement of formwork and concrete, plumbing and electrical work, rebar for concrete placement, using the crane and equipment to support all activities. Safety horns are used, and required by law, to coordinate lifting with the crane and to alert the workers of the danger overhead. We have directed the operators to limit the use of horns to one short sounding and to use the crane later in the day so as to avoid any excess noise.

  • 65 University Place Is Built Like a Brick ———

    65 University Place, between East 10th and 11th Streets, is very much on the rise, with its pricey 28 residential units above. The project represents Indian-based developer Bsafal’s first foray into the United States. The firm, in partnership with Argo Real Estate, purchased the site for $30 million in July 2019 and in February 2021, demolition permits were filed to take down the nondescript four-story commercial building at 64-66 University Place. While the offices on upper floors were long vacant, the ground-floor retail tenant, gourmet grocer Agata & Valentina, had announced plans to close following a dramatic rent increase at the end of 2019.
    While designer Kohn Pedersen Fox‘s New York City portfolio includes such skyscrapers as Two Waterline Square and 111 Murray Street, the new building is rising to a more moderate scale of 125 feet high. Renderings depict a context-sensitive structure that holds University Place’s strong streetwall and faces its main facade with oversized arched windows framed by corbelled brickwork.
    One can only guess at what the condo prices will be.
  • Latest New School Construction Update

    Next week (October 8 to October 12), Material and equipment deliveries and installation work will continue on all floors. Curtain wall installation on upper floors will continue. Curtain wall installation on the lower floors will proceed along 5th ave inside the construction site. The crane that is on site will remain for the duration of curtain wall installation and will not affect pedestrian or automotive traffic.

    The following week (October 15 to October 19) Material and equipment deliveries and installation work will continue on all floors. Curtain wall installation will continue on all upper floors. Curtain wall installation on the lower floors will proceed along 5th ave inside the construction site. The site will be open on Monday the 8th.

    This weekend the site will be open on Saturday, October 6th for superstructure related activities and curtain wall installation between the work hours of 7AM and 5PM as permitted by the City. Con Ed will be working in the street.