Showing posts with label 220 E. 9th St.. Show all posts
Showing posts with label 220 E. 9th St.. Show all posts

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.