Photos by Derek Berg
A high-energy show today in Tompkins Square Park with Pinc Louds, Mary Shelley (below), InCircles and Mike Yannich ...
This past Friday, my friend and I were looking for a quick bite between two screenings at Anthology when we discovered that the ground floor of 50 Second Ave. is entirely occupied by establishments whose names consist of two words starting with the letter P: Pak Punjab, Proto’s Pizza and Puff & Pass.It happened to be the grand opening of Puff & Pass, who informed us that they had chosen their name based on those of their two neighbors. We proceeded to have four slices of pizza from Proto’s; after the second screening, we also purchased a box of Pocky sticks from Puff & Pass, as well as “Peanut Pista” biscuits and “Pass Pass Pulse” candies (this review is very accurate) from Pak Punjab.We’re not thrilled about whatever’s happening next door… praying that the Poetry Project or some other PP takes over.
Despite gradually improving inventory, asking rents are rising steeply as landlords seek to reverse pandemic-era discounts. Rental demand has remained strong as more people gradually return to the city after a jump in outbound migration during the pandemic. Disappearing rental concessions also suggest landlords remain confident about demand. Meanwhile, priced out of Manhattan, many renters are shifting their search to more affordable areas in Brooklyn and Queens.
Quarter-over-quarter, NYC rental inventory rose 14% to 65,697 available units in Q2. The strong increase may seem like a positive development for renters, but many of these rentals are expired pandemic-era deals that re-entered the market with significantly higher asking rents. Throughout 2020 and 2021, many landlords offered steep discounts and free months of rent — deals that have mostly lapsed by now.Landlords have been raising rents more aggressively on units they leased during the pandemic in effort to recoup the earnings they lost. On average, rentals that were listed in 2020 or 2021 and relisted in Q2 2022 showed a 20.4% increase in asking rents per year. In comparison, rentals that were listed in 2018 or 2019 and relisted in Q2 2022 showed a rent increase of 4.5% per year. The 20.4% jump in rent is nearly four times as steep as the yearly increase a tenant would have seen otherwise – which can mean the difference between losing and keeping their current home.
Unfortunately, the recent improvement in rental inventory has been largely driven by households being priced out of increasingly unaffordable rentals. In addition, as interest rates rise, more would-be homebuyers may be forced to resign themselves to renting, pushing up the demand for rentals even further. During this transition in the NYC market, we foresee rent increases continuing at least through the end of this summer.
Amanita was founded in 2021 with the primary goal of supporting artists, from all backgrounds and nationalities, at various levels of their careers. Amanita provides our artists with resources and exhibition opportunities to help foster and grow their practices. Amanita has gallery locations in New York City and Florence, as well as a residency program in the Etruscan town of Bassano in Teverina. In addition to our permanent gallery locations, Amanita has organized exhibitions in Miami, LA, Milan, and St Moritz.You can follow the gallery's Instagram account for updates.
Fun little summer interlude. Got to buy killer shit from all of our favorite farmers and sell it to you, the coolest customers. Mission accomplished. Our next step is speeding along at top speed so keep yer eyes peeled. See you on Avenue A very soon. Thank you. Thank you.
The developer and Pizzarotti are also currently locked in a dispute over the project's costs. Pizzarotti has filed a lien, claiming it’s owed a little more than $1 million. In a counter complaint, Colonnade alleges that Pizzarotti hasn’t properly itemized its expenses and "claimed a lien for significantly more money than it has spent on the project." In its complaint, Colonnade calls Pizzarotti's billing practices "false and possibly fraudulent."
(The "Property") is comprised of a 5-story + basement 13,969± SF above-grade (D2 Class) "Elevator Apartments – Artists in Residence" loft building, built in the early 1900s and renovated in 1980. ... The building dimensions are 25' x 110' on a 27' x 116.25' lot, Tax Class 2B, and the property is zoned C6-1, which is R7-2 equivalent.The building will be delivered vacant and lends itself well to either fully convert into luxury residential or remain as office-use upstairs (C of O from 1961 has office use on upper floors). The spacious and usable 2,750± SF basement offers 12' ceiling heights, with direct elevator access.
Numerous ideas, photos, records and reports have already been collected by the government and turned over to the defense. James has pleaded not guilty to federal terrorism charges.It wasn't immediately clear what his defense will look like.James is facing life in prison if convicted of the two charges he faces.