Tuesday, April 2, 2024

Vacated 9th Street parking garage fetches $14 million for likely residential conversion

The Little Man Parking garage (also known as LaSalle Parking) on Ninth Street between Second Avenue and Third Avenue has sold for $14 million.

According to public records and the TradedNY accountArcus Development, operating through Astor Nine LLC,  is the new owner of the vacant property. 

While Arcus hasn't revealed its intentions, Crain's noted that the property "seems poised to become luxury housing."
The garage has been closed since late April 2023 after the Department of Buildings issued a vacate order on the property following the deadly collapse on April 18 at the Little Man garage on Ann Street in the Financial District.

Per the DOB vacate order: "The occupied parking structure with concrete framing observed to be in a state of disrepair at several locations in cellar level... crushed column base observed at several locations in cellar level ... vertical cracks observed inside elevator shaft and on masonry walls."

The address was offered as a "redevelopment project" last August

So far, no demoliton permits are on file with the DOB for the 22,000-square-foot structure. (No new building permits either.)

Budget Car Rental and Tori-Bien, a restaurant that specialized in Japanese fried chicken, were also forced to leave their retail spaces at this address due to the vacate order.

8 comments:

  1. I don't know enough about the landmark / preservation boundaries here, but is there any chance these wonderful facades are preserved?

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  2. Any housing > Any parking garage

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  3. DG - contact Village Preservation (villagepreservation.org) re: landmark status. Even with a landmark status it's an expensive and long haul to fight a wealthy developer and the Landmark "Preservation" Commission does not deserve their title. Plus with all the car haters in town you might be a lone wolf (except for me) with this cause.

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  4. What "wonderful facades" - are we looking at the same building here?

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  5. @DG- Not sure of all the particulars, but if a building is deemed "in a state of disrepair" then Landmark status would not be granted. The facade of the building with the arched windows looks like it could be preserved but in any event not I don't think it rises to a level of architectural or historical significance.

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  6. That's sad. There's already so many empty luxury buildings, and scarce street parking. This doesn't help congestion.

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  7. On April 2, 2024, 20/20 said...

    What "wonderful facades" - are we looking at the same building here?

    These were likely horse stables in the 19th century; but from the description of their decay, were probably not landmark-worthy.

    ReplyDelete

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