Friday, March 11, 2011

Someone finally buys the famed Cedar Tavern space



Well, here's some news that may (or may not!) cause our blogging friend Alex at Flaming Pablum to punch a few walls.

The Real Deal's Amy Tennery reports that the 2,295-square-foot retail condo unit and former home of the Cedar Tavern (RIP, 2006) has sold for $1.5 million.

Per the article:

The unit, located on the bottom floor of 82 University Place, a seven-unit condominium on the corner of 11th Street, was sold by Michael Diliberto, the building's developer and former owner of Cedar Tavern, which counted Jackson Pollock and Jack Kerouac among its patrons during its roughly 40-year tenure.

The sale came under major duress from lender Flushing Savings Bank, according to Kevin Salmon, a partner at the firm who helped broker the deal. After almost five months on the market, the unit sold to property owner Ascot Properties for $1 million less than its original asking price.

And a sale doesn't mean a Cedar Tavern revival. According to the article, there are restrictions specifically blocking a bar or restaurant from opening here.

As Alex wrote last month: "The fact that it's still an ugly, empty shell of a yanwsomely utilitarian workspace in the wake of it replacing a beloved neighborhood institution is still an untrammeled insult."

Oh, and here's another Austin, Texas/SXSW connection for you. As Grub Street reported, the owner sold the Cedar Tavern's bar to some nightlife types in Austin.
at

4 comments:

  1. WilfridMarch 11, 2011 at 8:57 AM

    It's worth remembering that Pollock was long dead when this Cedar Tavern opened in 1964. The truly famed Cedar Tavern was further down the street.

    ReplyDelete
  2. blue glassMarch 11, 2011 at 11:19 AM

    the original cedar was great.
    that it survived so long at the new location was comforting. watching the fire from the bugers cooking in the kitchen, the skylight on the second floor, and the "relatively quiet" bar. oh well.
    another piece of new york history gone.

    ReplyDelete
  3. esquared™March 11, 2011 at 12:55 PM

    "This was where Jackson Pollock, Willem de Kooning, Franz Kline and a host of other figures came together over glasses of 15-cent beer.

    But the bar wasn’t just a bar, it was the center of a rising artists community which was made possible by a surfeit of empty lofts and cheap rent. It wasn’t an easy life, but it was a creative one.    "

    http://culture.wnyc.org/articles/features/2010/oct/01/downtown-cedar-tavern/

    ReplyDelete
  4. Bill L.March 11, 2011 at 5:48 PM

    the one Pollack and the others frequented was on 8th Street

    ReplyDelete

Your remarks and lively debates are welcome, whether supportive or critical of the views herein. Your articulate, well-informed remarks that are relevant to an article are welcome.

However, commentary that is intended to "flame" or attack, that contains violence, racist comments and potential libel will not be published. Facts are helpful.

If you'd like to make personal attacks and libelous claims against people and businesses, then you may do so on your own social media accounts. Also, comments predicting when a new business will close ("I give it six weeks") will not be approved.