Wednesday, October 30, 2024

Rehabilitation of the former P.S. 64 could take 4 to 6 years, cost over $100 million

Photos and reporting by Stacie Joy 

The rehabilitation of the former P.S. 64/Charas/El Bohio Community Center could take four to six years and cost over $100 million. 

Those were two of the big takeaways from a public informational session this past Friday, where local elected officials, community members and building reps connected to the new ownership of the former P.S. 64 came together to discuss the long-vacant property at 605 E. Ninth St. between Avenue B and Avenue C.

Quamid Francis of Q Impact Solutions led the presentation at the Lower Eastside Girls Club on Eighth Street and Avenue D. Speakers included representatives from Beyer Blinder Belle Architects and Denham Wolf Real Estate, speaking on behalf of the property's buyer. 

Here's a quick recap of how we got here these past 20-plus years: According to public records, 605 East 9th Community Holdings LLC bought the property from longtime owner Gregg Singer for $57,267,453 in a transaction filed on Jan. 9. 

The LLC reportedly (per The Real Deal) has ties to Aaron Sosnick, a billionaire hedge fund manager who lives next door in the Christodora House. Denham Wolf Real Estate Services stated that the LLC is "a philanthropic entity with the purpose of returning the property to community use." 

Through the years, Singer, who bought the building from the city during an auction in 1998 for $3.1 million, wanted to turn the one-time P.S. 64 into a dorm, though those plans never materialized, and the building has sat in disrepair. 

The 135,000-square-foot building is zoned for "community facility use." (Any conversion to residential housing would require a zoning variance.) The DOB's Stop Work Order, which dates to August 2015, and is still in effect. The DOB later lifted the Full Vacate Order (from February 2019) to allow inspections by city-licensed engineers.

As previously noted, some residents want to see the space used again as a community center, as it was during its time as Charas/El Bohio Community Center. Singer evicted the group on Dec. 27, 2001. 

The discussion on Friday started with a slideshow presentation and, later, a few questions from the audience.
Francis spoke about objectives, such as shaping the vision and working with elected officials and philanthropists to see what might be possible for and in the building, floor by floor. 

Some ideas that have already been floated:
• The basement space, which holds around 200 people, could be a podcast studio, a space to screen films, and an audio studio. 
• The first floor: A dynamic community space. Elements could include a kitchen, classrooms, and perhaps a catering station. Walls could hold art/exhibition space with a place to hold parties and events. Maybe it could also include a coffee shop. 
• The second floor could have a pottery studio, a bike repair shop and a STEM lab. There could also be a place for young men to fill the void after the Boys Club closed in 2022.
• Third floor: A community organization space, possibly a yoga studio. 
• Fourth floor: A space for visual artists and creators, a dance studio, and a space to store the neighborhood's history and archival materials. 
• Fifth floor: Music practice and acoustic space. 
• Courtyard: An open green space. Ideas included moving the Charlie Parker Festival to the courtyard. 

The architects discussed securing the building, the significant capital investments needed, and testing the façade (tapping the terra cotta, which has been taking place recently). They concluded: "The façade is in good shape — it's a robust building."
The reps from Denham Wolf talked about removing the dead pigeons from the interior and addressing the rodent problem. Other pressing tasks included getting Con Ed to restore power to the building and providing daily security on site. 

Denham Wolf reps also stated the building needs to be further stabilized inside and out in hopes that the Department of Buildings would lift the violations that have been in place for eight years.

After the 75-minute meeting, organizers directed attendees to the lobby and asked them to share their ideas on vision boards, which they could add using Post-It notes.
The presentation leaders said the next steps included establishing and sharing "regular project updates via a website." An urgent need: "Help with securing immediate planning funding to support emergency repairs and overall building development."
Many people told me they were notified privately about this meeting, that it hadn't been publicized. (An item about the meeting was mentioned in an e-newsletter from the Cooper Square Committee last week.) Hopefully, more residents will be notified before the next session, which has not yet been scheduled.

24 comments:

Anonymous said...

$100M!? We are not serious people.

Anonymous said...

Yes, this all sounds positively positive make that once beautiful building beautiful again and return it to the community not NYU. And while you’re at it community boards pay a little attention to Tompkins Square, Park which needs a lot of help and a lot of work and a lot of love. Try hiring a staff For starters and lastly, the Charlie Parker jazz festival is never gonna fit in the courtyard of that building it overflows with people in Tompkins Square park as it is. My two cents.

Anonymous said...

Stacie, thank you so much for the thorough and helpful reporting on this important issue. Maybe things will finally start to turn the corner with the building. I can speak for so many locals in saying: we appreciate you and your efforts so much!

Anonymous said...

$100 million? 4 to 6 years? Good grief. What a nightmare.

Anonymous said...

Once it's fixed up someone has to cover all the maintenance and operating costs, and repay any loans that financed the rehabilitation. I don't see how that works with pottery studios and community space. I would be happy with a more practical plan that loosened the community use restrictions to allow a mix of non-profit/ community space and something that pays the bills, including additional construction on the site. There are many strong and competing demands for public and charitable funds and I don't know where this would fall in the priority list.

Anonymous said...

It was purchased by a billionaire. Somehow and don’t think ongoing costs will be a problem. And bravo to him.

Anonymous said...

Whatever happens with this project, it should include the dissolution of the useless Friends of TSP, and the establishment of a true Park Neighborhood Association. There is not a Manhattan park anywhere in the system below Central Park that is as neglected as TSP. And people just accept it. We need reps that will get what we deserve out of NYCP

Scuba Diva said...

Sure wish I had known about this in advance.

cmarrtyy said...

Reality bites. The solution has always been housing. The least harmful to the EV would be a combination of rent supported senior housing with assisted livnig senior housing. The money from the assisted living apartments would help pay the overhead. The building is in hopeless condition. The return of Charas is a fantasy. The community has moved on and so has the idea of racial politics.

Anonymous said...

Ok. All the politicians involved. So the unions will get jobs, which is fine. What about Charas? Does it exist as a nonprofit? I thought this building was saved to be returned to Charas to carry out its arts mission. Not a “let’s see what sounds good and sticks.
Good luck fundraising!

Anonymous said...

Money well spent. It's good to see progress! Yay!

Anonymous said...

Standard EV idea - get rich people to pay for what we want. Given the cost to buy and then rehab, you are being very generous with someone else's money.

Anonymous said...

Uh
...it was purchased by a billionaire..

Anonymous said...

All the arts and community spaces sounds great but as I get older I was hoping they’d put a hospital there to make up for Beth Israel going away. You could die while you wait in traffic to get to the other hospitals..

Anonymous said...

this is not zoned for housing. It is zoned for community facility.

Anonymous said...

How am I being generous with someone else’s money? Sosnick spent $50 million. I didn’t ask him do that. I suspect upon purchasing I’m sure he already planned on spending the $100 million on rehabbing. Having now spent $150 million I suspect he’s prepared to endow the building with funds to insure its success. How is that me spending his money?

Scuba Diva said...

Fortunately there are still the hospitals on the 1st avenue corridor—and yes, I'm in the same boat as you. A few years ago when I was having a kidney-stone attack—and didn't know what it was—I had to take a cab to NYU hospital.

It angers me that Beth Israel is being sold for its real-estate value—but seriously, are you surprised?

Anonymous said...

Try taking a look at Seward Park before you make a sweeping comment about neglect

Anonymous said...

Include a meeting place/center for seniors

XTC said...

It's going to bump up the cost but perfect place for a rooftop garden where kids can learn about growing pesticide free produce. Get kids to learn about to eating healthily from an early age.

Anonymous said...

Maybe he planned to have revenue generating (i.e., not just pottery studios) tenants sufficient to support ongoing costs (and maybe pay down the investment)…🤷🏻‍♂️

Scuba Diva said...

Are you not aware there are at least three senior centers in the neighborhood? (Sirovich https://www.14streety.org/adult-programs/sirovich-center/, Polish and Slavic Center on 7th street, https://a125-egovt.nyc.gov/AgingService/ProgramService/resultDetail?ProgramValue=26142 and Lillian Wald Center at 12 Avenue D https://a125-egovt.nyc.gov/AgingService/ProgramService/resultDetail?ProgramValue=26217)

Scuba Diva said...

"this is not zoned for housing. It is zoned for community facility."

Wish I could "like " this comment 1000 times; does nobody remember the debacle with Gregg Singer and Banana Bungalow? Many, many developers have salivated at the idea of putting a dorm on this site!

Anonymous said...

The Friends of Tompkins Square Park have done a lot to beautify the park. Just take a walk to the corner of 7th & B that was previously decimated by neglect and dogs. It’s a bunch of volunteers in the group and neighbors that come and help for planting and clean-up days. (I hope to be able to make it to one of the upcoming days planned.) There is no need to disband. If you are truly interested in other particular aspects of the park go ahead and work on it. No one is stopping you. Go to the all the community meetings, get to know the decision makers and local officials and find others who want to work on it with you.
I’d be interested to join a keep-the-dogs-where-they’re-supposed-to-be-and-on-a-leash committee ;). Also a no-fentanyl-caps-in-the-playgrounds committee.