50-64 3rd Ave. wrapped for demolition

Last week, workers wrapped up the remaining six buildings at 50-64 along the west side of Third Avenue between 10th Street and 11th Street with scaffolding and netting for demoliton.

The demo prep has escalated since TLK by Tigerlily Kitchen shut down after service on Aug. 11 at 58 Third Ave. The restaurant was the last tenant (retail or residential) in the six buildings at 50-64 along Third Avenue between 10th Street and 11th Street. 

As PincusCo. first reported in May 2023, Kinsmen Property Group — a joint venture between State Building Group and another Toronto company, Madison Group — bought the walk-up buildings over several years, paying more than $60 million for the parcel. 

We also saw some demo prep work late last year (64 Third Ave., where the Ainsworth was, looks hollowed out), though the activity in the empty buildings tapered off this year. 

While various demolition permits are on file with the Department of Buildings, there is still no sign of paperwork for the new development. 

A rendering of the new building appeared on the State Building Group's website last September. It is listed under the company's "residential" portfolio. 

At first glance, the building looks more commercial/office. Here's the information included with the listing: 

50-64 3rd Avenue is a 6-building assemblage located at the nexus of the East Village, Greenwich Village and Astor Place. The site allows for 160,000 sq. ft. of new construction and has a land area of 16,500 sq. ft. Only one building will remain on the block after the demolition — 48 Third Ave., the four-story property owned by Isfahany Realty Corp. on the northwest corner of 10th Street, which has Healthy Greens Gourmet in the retail space.

The new development abuts the 13-story Moxy East Village on 11th Street between Third Avenue and Fourth Avenue. The hotel opened here five years ago this week. Workers demolished the five perfectly good residential buildings that stood here in the fall of 2016.