The block letters arrived Friday on the newish awnings on the A, Fourth and Fifth Street sides...
The two-floor high "Untitled" sign arrived on the SE corner of Avenue A and Fifth Street back in the fall, setting off some speculation over the name. (Some people thought it had something to do with the bookstore Mast, the tenant in the corner space. It did not.)
Derby Copeland Capital bought the 6-story building for $64 million in the fall of 2022. The building is entering its second year of gut renovations, which has seen the conversion from prewar 1- and 2-bedroom units to 3-4-bedroom apartments with asking rents as high as $10,000 per month.
The building's previous market-rate tenants were not offered lease renewals (with a 90-day notice), and now only a handful of rent-controlled and stabilized tenants are still in residence. (Read more about the situation via this Hellgate piece.)