61 Fifth Is Starting to Rise

Amazingly enough in these tough times, work is going ahead on the construction of ten floors of luxury duplex condos on the corner of 5th Ave. and 13th St, where the burned out deli once stood. To read more about the history of this spot, click here.

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  • Reminder: Shirley Klinghoffer’s Exhibition

     Co-op reisdent and artist Shirley Klinghoffer says:

    “Love Armor”, a nationwide collaborative art project, will be on exhibition at the Brenda Taylor Gallery, 511 W. 25th St., NYC from May 14 until June 30th. 

    The Opening Reception is on Thursday, May 14th from 6:00 – 8:00 PM.  I would love to greet my neighbors there that evening.  All are welcome!

  • A Memo from The New School

    Here’s what’s happening in their building as described in a memo sent to the university community:

    June 22, 2009
    From President Bob Kerrey and Provost Tim Marshall Abatement of Hazardous Materials in the University Center at 65 5thAvenue This is a follow-up to the recent announcement of the closing of the 65Fifth Avenue. There were some questions from members of our communityand we thought it would be helpful to provide additional information. The closing occurred because our university’s trustees have approvedthe removal and abatement of hazardous materials in the building.Several Board members with considerable New York City constructionexperience recommended that abatement work be started in advance of thedecision to build since it is highly likely that decision will be madethis fall. Abatement of hazardous material will shorten the duration ofthe construction of the University Center project. However, becauseabatement results in stripping the interior of the building of allfinishes, it was necessary to close the building in order to performthis work. Please note that the abatement work would have beennecessary regardless of future building plans. The Board had previously authorized the production of schematicdrawings for a new building. This authorization has led to extensivecollaboration with the newly created University Facilities Committee.This committee is working closely with the architect, and severalsubcommittees have been formed to offer input around particular kinds ofspaces. This input will likely lead to a final Board decision in the fall toproceed with construction of the Fifth Avenue University Center. Thisdecision will depend upon evaluation of new construction cost estimates,of actual enrollment results, and of financing. We recognize that the closing of the 65th Fifth Avenue has resulted insignificant dislocation of student activities. We have accommodated someof these activities with new construction in Arnhold Hall on 13thStreet. However, more needs to be done. We are pursuing severalpromising real estate opportunities that give us confidence that we willbe able to provide the new amenities this year. In the unlikely event adecision is made not to proceed with the new construction, or to delayconstruction for a long period of time, the trustees will review alloptions for dealing with the existing building at 65 Fifth Avenue. We expect that a schedule of construction activities at the site can beannounced within a couple of weeks, when we expect the abatement anddemolition contracts approved by the trustees to be finalized. Afterworking with the University Facilities Committee to reach broadconsensus about the program for the new building, we will continue tomeet throughout the summer with the Committee and with other user groupsin developing the schematic design. We are also working to set upvenues for regular communication to the entire University communityabout the project’s progress.

  • Good Heavens…Walmart?

    The latest gossip from The Villager:

    While the fate of two prime-time storefronts on the south side of Union Square has yet to be determined, recent whispers have indicated that more big-box stores could be headed for the space currently occupied by a pair of retail behemoths.

    Electronics retailer Circuit City, which filed for bankruptcy late last year, will shutter its location on 14th St. at Fourth Ave. at the end of next month as part of plan to auction off all its properties and leases nationwide.

    A sales associate at the store said that Walmart was interested in the space, which is owned by developer The Related Companies, although a New York-based spokesperson for Walmart said the big-box chain currently has no announced projects in the city.

    Best Buy, which has a store less than a mile away on W. 23rd St., is another name that has been floated as a future tenant. A company spokesperson said the electronics-and-entertainment retailer does not currently have any plans for the site and could not speculate on potential deals.

    Rumors have also swirled for months over the possible departure of the adjacent Virgin Megastore, where Related — which owns a controlling interest of the Virgin stores — is also the landlord.

    “We’ve made no decision about that property,” Related spokesperson Joanna Rose told Mixed Use, echoing her statements to this paper from last May regarding Virgin’s long-speculated exit. However, Rose did confirm that brokerage Winick Realty Group continues to handle the leasing assignment for the nearly 60,000-square-foot property.

    A spokesperson for the Union Square Partnership did not have any information on who could open in either space, where brokers have pegged asking prices for the marquee addresses at upward of $300 to $350 per square foot.