A newly arrived American flag now sits near the very top of the structure...
The 234-foot-tall building, going as 14+C, will include 197 residential units, "a state-of-the-art fitness room," a yoga studio, and a rooftop deck. Information about the number of "affordable" units included in 14+C, one of the stipulations for being allowed to build a more extensive (by nine floors) building, has not been made public.
Last November, as we first reported, residents of the neighboring 5-story building at 642 E. 14th St. — many in rent-stabilized units — were abruptly vacated after foundation work next door reportedly destabilized the building.
Ahead of the first anniversary of the vacate order, The New York Times published a feature on the trauma of being abruptly told to leave their homes. In the past year, 642's tenants have been allowed back inside twice to retrieve possessions — but only smaller items that they could carry. (So, no furniture.)
There's still a pending demoliton permit to take down No. 642.
To the Times:
"These tenants will never be moving back into this building," said Adam Leitman Bailey, who is president of the law firm representing the landlords. "This is a building that needs to be demolished."He provided reports from three engineers, supporting the landlord's legal claim that the costs to make necessary repairs are more than the value of the building after the repairs are made. The tenants have engineers’ reports, too, with decidedly different findings.The housing judge will eventually decide which reports can be trusted. In the meantime, the Department of Buildings has a hold on the application to demolish the building.
Second Avenue Deli owner Jeremy Lebewohl is reported to be the owner of the building. 644's developer, Madison Realty Capital, told the Times that "the landlord had neglected the property and did not support Madison's efforts to make the building structurally sound."
Something tells me this owner would find a cheaper way to fix this building if they were required to rebuild the same building layout and allow the rent stabilized tenants to return
ReplyDeleteIt is an extremely sad NYC real estate story. The tenants have suffered by being abruptly evicted and then probably will never be properly compensated for their loss. I teared up a little reading the NYTimes story.
ReplyDeleteSeemed to me that the NYT story did not fully report the context - that people had expressed concern about the construction and were ignored. And that no virtue-signaling elected officials were helping.
DeleteSame, as it ever was. For all the disparaging of Mayor De Blasio he helped tenants unlike any other mayor. And never forget that the largest political donations in New York state and city come from the real estate industry. Their lobby literally writes the laws.
ReplyDeleteToo close to where I grew up. Will always be unsafe for me. U can have the affordable apartments
ReplyDeletei really think they have legal standing here, could get something major in restitution from MRC
ReplyDeleteNumber of affordable units still unknown. Why? Especially if it had to be agreed upon, as a condition of 9 extra floors.
ReplyDeleteSo the Mayor and City Council and other elected are giving the City away to big Real Estate (just like Bloomberg) with the City of Yes, insisting more development will bring housing.
ReplyDeleteBut zero help for people who lost housing like here.
Shameful the City has not helped tenants here.
They're too busy coddling Tren de Aragua.
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