Rite Aid signage arrives at the Niko East Village on Avenue D

The Rite Aid signage arrived back on Friday in the retail space of Niko East Village, the 12-story retail-residential complex via L+M Development Partners on Avenue D between Sixth Street and Seventh Street...



To recap: The lots previously along here housed one-level storefronts that included a Rite Aid, which relocated one block north to the ground floor of Arabella 101. Rite Aid had signed a lease to return to the retail space in this building.

The former Rite Aid at the site of Niko had a pretty cool underwater theme painted on its walls, courtesy of The Royal Kingbee UW.

A flashback to September 2013 to these photos by Goggla, whose work includes serving as the EVG Senior First Avenue Rite Aid Correspondent...









As for Niko, the rentals are underway. Rents start at $2,800 a month and go up to nearly $6,000.

Previously on EV Grieve:
Report: Space that houses Rite Aid on Avenue D hits market for $22.5 million

Report: New 12-story, mixed-use building in the works for Avenue D

Permit pre-filed for new 12-floor building at 79-89 Avenue D

7th Street residents angered after developer cuts down the wrong tree

NIKO East Village debuts on Avenue D and 6th Street

The Adele joins The Robyn in pop star-friendly East Village corridor

Rentals underway at The Niko on Avenue D

Rentals underway at The Niko on Avenue D

[Photo from Sunday]

The rental period (h/t Curbed!) has kicked off over at The Niko, the 12-story retail-residential building via L+M Development Partners on Avenue D between Sixth Street and Seventh Street. (The previous businesses here were part of the 79-89 Avenue D parcel, though the Niko is using 751 E. Sixth St.)

And let's head to the website for what's in store here...

Curate Your East Village Life at The Niko

The birthplace of downtown cool, the East Village is one of the most diverse, creative and eclectic neighborhoods in New York City. From its enviable location on quiet East 6th Street between Avenues C and D, The Niko offers sweeping views of New York City, from the World Trade Center to the Empire State Building to the glinting East River.

The Niko’s twelve stories feature 82 residences that range from alcove studios to spacious three-bedrooms. The building’s brick exterior resonates with warmth and character and the residences have a crisp, contemporary design. And at The Niko, you are minutes away from Tompkins Square Park, a retreat from the bustle of the East Village.

You're also minutes away from East River Park — adjacent to the glinting East River — though that's not mentioned here. Amenities at the address include a fitness center, landscaped roof deck and an outdoor terrace.

Here's a look at a model unit...



... and the roof deck...



Units range between $2,800 to nearly $6,000 per month. (The Niko also includes 28 permanently affordable units. The affordable housing lottery ended on June 26.)

The lots previously along here housed one-level storefronts that included a Rite Aid, which relocated one block north to the ground floor of Arabella 101. Rite Aid signed a lease to return to the retail space in this building.

The Niko is the latest new development along this corridor, joining The Adele, The Robyn and Arabella 101, among others.

Previously on EV Grieve:
Report: Space that houses Rite Aid on Avenue D hits market for $22.5 million

Report: New 12-story, mixed-use building in the works for Avenue D

Permit pre-filed for new 12-floor building at 79-89 Avenue D

NIKO East Village debuts on Avenue D and 6th Street

The Adele joins The Robyn in pop star-friendly East Village corridor

Life in a building undergoing a gut renovation

In February, we noted the sale of a residential building on Suffolk street...

Silverstone Property Group ... is pleased to announce the acquisition of 157 Suffolk Street ... The 6 story, 22,398 square foot residential apartment building consists of 33 apartments and 2 retail stores. Silverstone purchased the building for $8.8M, or approximately $392 per square foot, in an all-cash, off-market transaction with the private seller. Silverstone will be renovating the building to create a high-end boutique residential rental property, as well as leasing the retail space which has been vacant for many years.

Per a commenter:

"There are 7 apartments left here as of April 2011 and we are suffering through months of demolition and construction."

One of those remaining residents (we think!) sent along a video of what life is like here in the building during the months of construction...

The Lower East Side gets another 'high-end boutique residential rental property'

From the EV Grieve inbox...

Silverstone Property Group, a New York City based full service real estate company, is pleased to announce the acquisition of 157 Suffolk Street ... The 6 story, 22,398 square foot residential apartment building consists of 33 apartments and 2 retail stores. Silverstone purchased the building for $8.8M, or approximately $392 per square foot, in an all-cash, off-market transaction with the private seller. Silverstone will be renovating the building to create a high-end boutique residential rental property, as well as leasing the retail space which has been vacant for many years.

Sooo... dumb question, but what happened to all the former residents of this pre-high-end boutique residence? Buy outs?

532 East Fifth Street looking blue — and green

When we last looked in on the construction at 532 E. Fifth St. between Avenue A and Avenue B ... it went something like this:



And yesterday, we received a comment on our previous post from July titled The Greenpointing of East Fifth Street continues. The commenter, likely the real-estate agent for 532, wrote (slightly edited):

"We would of loved to save the brownstone that was there. The owners would of as well. As a matter of fact, they wanted to. The foundation had serious issues and wasn't economicly [sic] feasible. So we salvaged all we could. The cornice was restored and hung on a building in Staten Island that's built during the same period. It can be viewed on DOORtoDOORrealty website — 60-62 Vanduzer. Please update your photos from those stark images that are posted on this blog. I know its hard to keep all happy. But we do proceed with the enviroment [sic] in mind."

Fair enough... here our some new shots of the work in progress...

In the end, it will be a six-story, 10-unit building. In fact, there's even a website with more details, such as it's green ...

No prices just yet for these units.

Previously on EV Grieve:
Beaming up on Fifth Street

Demolition on East Fifth Street

On the way: A five-story apartment building for Fifth Street

Meet Manhattan's fat-cat home buyers (all you need is $45 million!)

The Post has a feature today on the richies who have paid more than $45 million for their Manhattan digs. You know, the $45 Million Club. As the article notes, hedge-funder Daniel Loeb bought a 10,000-square-foot apartment in newly renovated 15 Central Park West for $45.8 million in February. "The place has five bedrooms and five baths - but, in what seems quite a scandal, his view of Central Park is obscured by an adjacent apartment." Perhaps Loeb can pay to have that adjacent apartment removed.