The pending new building permit was added to the public records this past Wednesday.
The dry cleaner closed its doors for good on Sept. 19, marking 65 years in business.
In the spring of 2022, we noted that the corner property with a single-level building was being pitched as a development site, shortly after the family patriarch, Chris Mitrofanis, passed away. Public records show the family also owned the one-level structure.
According to Crain's, Ilyas Abayev, founder of the real-estate firm Moonshot Development, is behind the new project. BKSK Architects LLP, whose local credits include The Jefferson on 13th Street between Second and Third avenues, is listed as the architect of record.
There's already a demolition permit on file with the DOB for the address, 101 E. Ninth St.
This is the second new luxury property for Ninth Street. Construction continues for an 18-unit condoplex at 220 E. Ninth St., between Second Avenue and Third Avenue, the former Little Man parking garage.
Previously on EV Grieve:
15 comments:
at least it's housing that's desperately needed and not more offices that'll sit empty
Sure real estate troll. There are loads of luxury condos sitting empty in the EV. What we need is middle and working class housing, not more luxury condos. We also need more service businesses such as dry cleaners, cobblers and laundrymats that do not have to charge a fortune due to predatory real estate crazy rents. There are more people than ever here and so few of those services left where once there were many.
Duh. Yeah we "desperately" need more luxury housing. If you think it's going to be affordable to anyone other that finance bros or kids subsidized by wealthy families then I have a bridge I want to sell you.
right, ok I think I need to defend myself here. More housing in any way is needed... because high housing demand makes everyone pay more for non luxury housing too - because the people with independent/parent funded wealth will compete with regular housing (this is already happening). And I thought people on this blog would get what I mean when I said that... they tore down the B Bar for what? for office spaces during a time when NYC has an excess of free office spaces. Also just look at the huge Essex st development - every apartment is occupied and the second floor offices have never had a tenant.
Do I think that a long term business should have been removed? hell no. I even think there should be some sort of "we'll provide you with a retail space" deal or something for big money developments.
but comeon guys, I just want more housing in general and i'm called a troll. If a single story building has to be demolished at *least* it's becoming housing.
Supply and demand, Econ 101
The 8K/month condo is moved into by the person currently paying 6K, which is vacated for the person currently paying 3.5K, and down the line.
We are in a housing emergency. All housing is useful.
More Midtown South creep invasion into the East Village. Say goodbye to EV.
Nice to seeing others demonstrating reasoning and an understanding of economics. It’s always so baffling to me when people can’t understand that any housing adds to the housing stock and helps make affordable housing more available. San Francisco has more extreme housing issues than us because of nutty regulations and to the point above - replacing a one story building with a taller building with additional housing stock will add more housing period and that’s good!
An excerpt to push back against the trickle down housing myth:
To understand why the trickle-down theory doesn’t work as neatly as advertised, we need to unpack the assumptions it’s built on. Here are the three big ones—and why they fall apart in practice:
Housing Supply is Elastic Across All Levels: This assumption suggests that developers can and will build enough housing at all price points to meet demand. But in reality, restrictive zoning laws, high construction costs, and regulatory barriers make it easier to focus on high-end projects, where profits are higher. This leaves lower-income households with few, if any, new options.
Market Dynamics Alone Ensure Equitable Distribution: The theory assumes that as wealthier households vacate older units, these homes will naturally “filter down” to lower-income groups. But what actually happens? Older units are often renovated, repurposed, or snapped up by investors, especially in gentrifying neighborhoods. Rather than trickling down, housing tends to “trickle up,” with wealthier households outbidding poorer ones for any available stock.
Homogeneous Housing Needs: The theory also presumes that the vacated housing stock will suit lower-income households in size, quality, and location. In practice, this rarely aligns. Housing that’s too far from jobs or services—or units that are too large and expensive to maintain—don’t solve affordability issues for those most in need.
source: https://cityhallwatch.wordpress.com/2024/12/10/clarifying-affordable-housing-trickle-down-theory-of-housing-spacing-vancouver-villagomez/
It's always shocked me that naming calling is allowed here. We live in a time where when you have a differing opinion you're branded and called hurtful names but at least you can respond to defend yourself. More housing of any kind is beneficial and no, I'm not in the real estate industry.
Please look into what has happened with housing costs in Austin because of their development boom.
Thanks Babs. You nailed it. Sadly there will NEVER be enough affordable housing in NYC because there isn''t enough money to be made by Big Real Estate to invest in low-income buildings. Trickle down effect? Don't make me laugh,.
Supply and demand. 50 Years ago you could buy a building for $20K when the neighborhood was unlivable. Now it's trendy and the prices are through the roof. People will always find something to complain about. If you want lower prices move to a less desirable neighborhood. Should the city pay for housing at a cost of other tax payers? $1 million people in NYC are on welfare. and few other millions collect some sort of government assistance.
@Carol: You'd be surprised how many college kids can fit in one of these condo spaces—and they'll be grateful to have concierge service and terraces.
@mike: Your comment smells like a variation on "If you don't like it, move!"
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