86 University Place Seemed Doomed

Reports are coming in that 86 University Place is likely doomed. More condos ahead? Here’s some history on the lovely old building:

“The structure, built as a single-family house ca. 1840 with alterations in the 1880s and 1919, captures some of the great currents of New York and Greenwich Village history. One of its earliest owners and occupants was one of the 19th century’s great philanthropists, involved in founding, expanding, or managing the New York Public Library, the American Museum of Natural History, the New York Historical Society, the nation’s first chronic disease hospital, and the city’s first library for women. Later it was the residence and business place of one of the city’s most prominent and successful German immigrant families, when NYC had the largest German-speaking population of any city outside Berlin or Vienna. And in the 20th century it was home to The Royalist operated by “Mayor of Greenwich Village” Barney Gallant, the first New Yorker prosecuted for violating Prohibition, and The Bagatelle, one of the most prominent pre-Stonewall lesbian bars, frequented by writers Audrey Lorde and Ann Bannon.”

Here’s the plan:

The proposed 193-foot-tall development will yield 16,806 square feet, with 15,213 square feet designated for residential space and 1,593 square feet for commercial space. The building will have seven residences, most likely condos based on the average unit scope of 2,173 square feet. The concrete-based structure will also have a cellar.

There’s much more about the history HERE.

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  • Latest New School Construction Update

    Next week (July 22 to July 26), material and equipment deliveries and installation work will continue on all floors inside the building. Asphalt work on 14th st will begin this week to tie in the finished sidewalk. We will be opening the new sidewalk on 13th st. Additionally we will be working on the roofs of the building. Furniture deliveries will take place in the afternoon along 5th ave.

    The following week (July 29 to August 2), material, equipment and furniture deliveries and installation work will continue on all floors as well as sidewalk work.

    This weekend the site will be open on Saturday, July 20th for interior, roof, and sidewalk activities between the work hours of 7AM and 5PM as permitted by the City.

  • Our $11 Million Neighbor

    The Observer reports:

     

    Richard Cantor, a principle in the real estate marketing firm of Cantor-Pecorella, considers that the best of Village life consists of “very luxurious” apartments that incorporate the “open expanse” of loft-style living with the communal intimacy of townhouse residency. How serendipitous that Mr. Cantor’s firm should happen to be marketing the new(ish) eight-unit development at 12 East 13th Street co-engineered by DHA Capital and Continental Properties, which, he recently told the Observer, evinces just these same qualities! You know what they say, it’s always easier to sell a product that you truly believe in.

    Certain longtime denizens of the Village, of course, would no-doubt quarrel with the tenets of Mr. Cantor’s appraisal, but his luck on East 13th Street has been pretty good so far. He reports that the development has made its first sale, of the full-floor Residence #4, which, he said, went for just shy of its $11.25 million asking price. The buyers, he said, were a young-ish family already living in the area and pleased indeed to find a place of this size–four bedrooms, 4,816 square feet–so near the heart of the neighborhood. The patriarch, naturally, is in finance.

    But surely it was not size alone that lured the new owners; there is also, for example, the very luxurious open expanse of the condo’s townhouse-like intimacy to consider. The building, which was converted from a parking garage, retains a trace of automotive functionality, offering private parking spaces gratis for residents via a state-of-the-art robotic system. More creaturely comforts include high ceilings and big windows for plentiful light and air, custom Italian cabinetry, and bathrooms with generous portions of slab marble and Italian limestone.

    Mr. Cantor said that he expects several more closures in the coming weeks, and occupancy no later than this summer. But for all you big spenders out there, the glass-sheathed triplex penthouse, we were given to understand, remains available. All you need to move in is $30.5 million, which seems eminently reasonable, for the very best of Village living.

    Read more at http://observer.com/2015/03/best-of-the-village-garage-to-condo-development-notches-first-sale-around-11-25m/#ixzz3UYu20ZHe