After nearly five months of renovations, the all-new lobby has emerged from behind the plywood at 250 E. Houston St., the former Red Square here between Avenue A and Avenue B.
The Dermot Company, which bought the 13-floor building for $100 million in 2016, has stated they are "creating a more updated style and fit for the cool East Village neighborhood" with the renovations at the retail-residential complex with the Tibor Kalman-designed rooftop clock.
The main entrance is apparently the first step in this updated direction, which includes some new retail tenants. On that note, as reported in April, Y7, growing hip-hop yoga chainlet, signed a 10-year, 2,000-square-foot ground-floor lease for one of the retail spaces.
Eventually, No. 250 will look something like this rendering...
[Rendering of the all-new 250 E. Houston St.]
Previously on EV Grieve:
Rumors: Red Square has been sold
New ownership makes it official at the former Red Square on East Houston
Apartment listings at 250 E. Houston look to offer glimpse of former Red Square's future
Long-vacant retail space hits the rental market at 250 E. Houston St.
Former Red Square lobby gets the plywood treatment on East Houston
[EVG photo from June 2017]
That entrance alone justifies the huge increases in rent the tenants will be asked to pay, so worth it....
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