Friday, June 7, 2013
Asbestos abatement continues at 98 Avenue A, Ben Shaoul's latest East Village trophy
Developer Ben Shaoul is the new owner of 98 Avenue A, the former theater-turned market at 100 Avenue A. Public records show that an entity called Partners Vii/98 Avenue A Owner LLC purchased the property last month for $15.5 million.
While the name of Shaoul, president of Magnum Real Estate Group, isn't listed on the records... his name appears as the owner of the property on the asbestos abatement flyers that went up this past week.
East Village Farms at 100 Avenue A between East Seventh Street and East Sixth Street closed Feb. 7, 2012. Since then, not much of anything has happened inside the space, though the sidewalk does serve as a makeshift shelter.
[March 2013 via Bobby Williams]
Last year, the landlord — Suh, Yon, Pak Associates, Inc. — was proposing to keep the store on the first and second floor, and then add a third and fourth floor for residential use. For whatever reason, the landlord never got this plan approved. Subsequent plans on file with the DOB showed a proposed addition to the back of the building ... and increasing the size of the store at the first and second floors.
Nothing is on file yet with the DOB to indicate either a demolition or new building for the address. However, a listing for the retail spaces that we noted last month provides an idea of what Shaoul and company have in mind:
9,767 sf - Ground Floor
5,850 sf - Basement
Vacant (New Residential Development)
127'5" on Avenue A
Notes & Highlights:
• Landlord will deliver vanilla box space and new storefront(s)
• New residential building will be above the retail (40 units)
• Unique large piece of retail space available in the East Village
Here's is the latest rendering... (apparently the Sidewalk doesn't exist in this future)...
For now, the interior looks like this...
[By Edward Arrocha]
Shaoul is currently putting the finishing touches on Bloom 62, the luxury building on Avenue B and East Fifth Street that previously provided end-of-life care for up to 240 low-income elderly residents in the East Village. As Crain's reported yesterday, "Magnum chose the name Bloom 62 to highlight the large amount of green space in the property, including a 5,000-square-foot courtyard, and a well-planted 10,000 square foot roof."
Previously on EV Grieve:
A little bit of Hollywood on Avenue A
East Village Farms is closing; renovations coming to 100 Avenue A
Inside the abandoned theater at East Village Farms on Avenue A
Reader reports: Village Farms closing Jan. 31; building will be demolished