Now Open: Dorado

Some fun history about 65 5th Ave.

“The New School has been a presence at 65 Fifth Avenue, the site of the University Center, since 1967, when the university converted a Lane’s department store building for student use. But long before the address became associated with educational innovation, it was renown for innovation of another kind. In 1881, inventor Thomas Edison installed at the address (which was then occupied by a handsome brownstone) a permanent exhibition of his electrical discoveries. The biography Edison: His Life and Inventions reports that “the house was thrown open to the public until late at night, never closing before ten o’clock, so as to give everybody who wished an opportunity to see that great novelty of the time—the incandescent light—whose fame had meanwhile been spreading all over the globe.” It is a fitting legacy for the University Center, which upon opening in Fall 2013 will itself serve as a living teaching tool, with exposed energy and water management systems to provide working demonstrations of sustainable design.”

Huge news as The New York Times reports on plans to pedestrianize the block of Broadway above Union Square as well as 17th St. in front of Barnes and Noble. Opinions are divided on this one. What do you think?

Lots of new tech neighbors, listed here.

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.

That was fast. Pie Face, at 4th and 13th, is already gone.

Check out Lillie’s, a new bar on 17th St. between 5th and Broadway. Cool decor.