About the new development coming to 20 Great Jones St.

The NE corner of Lafayette and Great Jones — an Edison parking lot since the early 1970s — is the next local parcel primed for development. 

According to Crain's last week, Edward J. Minskoff Equities and Edison Properties are planning a "luxury rental project " that would span between roughly 260,000 and 300,000 square feet with 238 residential units and 10,000 square feet of retail space."

Minskoff, the developer behind 51 Astor Place/Death Star, closed on a 99-year ground lease for the property in June, per Crain's. 

To date, no work permits have been filed for the address, aka 20 Great Jones St. Crain's noted that the developers hope to break ground in 2027. 

CityRealty reported that SHoP Architects previously created a schematic design for developer MAG Partners that showed a residential building, which would have included 199 units (about 50 affordable). However, that project never moved forward. 

Here's a vision for the space.. via ShOP...

Whatever comes next will likely be just as luxurious.

Crain's also pointed out that this project is "an example of both the promise and pitfalls of New York's contentious affordable housing tax break 485-x." 

The developers had once considered putting an office building on the site, but the 2021 SoHo/NoHo rezoning — which opened the door to more residential projects — along with the 2024 485-x affordable-housing tax break reportedly made an apartment development far more appealing. 

This will be the second significant development on Great Jones in the coming years. 

As we previously posted, Lonicera Partners is assembling a potential development site on the NW corner of the Bowery and Great Jones. Lonicera reportedly signed a contract to purchase 348 Bowery, the former Bowery Market, and took a minority stake in 350 and 352 Bowery, the adjacent properties to the north.

The space for rent in the former Warhol-owned building where Basquiat last lived on Great Jones

[Photo from yesterday]

There have been several listings since last fall for space available to lease at 57 Great Jones St. just off the Bowery... a former stable that Andy Warhol owned. It was also where Jean-Michel Basquiat lived and worked at the time of his death in 1988.

Yesterday marked the 30th anniversary of Basquiat's death at age 27.

Also yesterday, as noted here, Basquiat's friend and SAMO© collaborator, Albert Diaz, along with Adrian Wilson, created this tribute yesterday outside No. 57...



As for the listing, it first arrived last fall, and has disappeared and reemerged several time since then, most recently in early August.

Per that listing, which is no longer active (no word on the asking rent):

The heart of NoHo, ground floor sublease opportunity till December 2022 or for short-term lease/pop-up this summer. Approximately 800 sqf including back office. Storage space on the basement upon request. Building formerly owned by Andy Warhol, and Jean-Michel Basquiat lived and worked. Behind this space is a hidden restaurant by appointments from repeaters or referrals only.

Unique business concepts preferred but any kind of business considered. Ideal for gallery, retail, event space, ice cream shop, pastry shop and etc. Employees bathroom only.

Here's a look inside the space...


[Image via LoopNet]

The outside has long attracted a variety of street art...



In July 2016, the Greenwich Village Society of Historical Preservation unveiled a commemorative plaque outside the building ... marking the site of Basquiat's home and studio from 1983 to 1988...

Today in Lamborghinis on Great Jones Street and the Bowery

Before the rain... Not the EV Lambo, though ... Photo by Bobby Williams...

P.S.
In case you never saw this. Phew! Good for you!

Snow day on Great Jones Street

Our friend BaHa sent these photos along from some kind of ad shoot (Danier's 2012 line) this afternoon on Great Jones at Broadway...

Anyway! Woo! Snow! Woo! A model! Woo!

And the summer continues to slip away...