New million dollar lofts in FiDi go from sliding rules to sliding doors

Just in case you thought there wasn't enough high-end condos in the Financial District. Debuted now on Fulton Street, a few doors west of our old friend the Blarney Stone...

Anyway, meet the Compass Lofts... oh, and excuse me, it's The Compass Lofts at 42 Ann Street. Even thought I'm standing on Fulton Street. Ann runs parallel to Fulton. And probably doesn't have as much of a stigma as Fulton Street, the home of, well, nothing.



Anyway, as the sign says, the lofts, which hit the market last week, start at $2.4 million... and they provide a nice view of the Beekman ...



Here's some of the listing:

The Compass Lofts is a landmarked boutique residential loft building in the heart of FiDi offering seven extraordinary homes that perfectly fuse 19th century distinction with 21st century luxury. Every aspect of the architectural restoration epitomizes the developer’s reverence for the building’s role in history as a symbol of precision and design integrity.

The Compass Lofts offers a choice of six gracious full-floor lofts and one newly added rooftop penthouse duplex. All offer grand living spaces that boast oversized windows, fireplaces and high vaulted-barrel ceilings that set the stage for dramatic entertaining. The loft layout bedroom area and spa-like baths provide for a quiet retreat. The open custom kitchen includes RAK Ceramics marbleized polished porcelain counters with premium Liebherr and Viking energy-efficient kitchen appliances. The penthouse duplex is flanked by spacious north- and south-facing terraces plus a private rooftop deck.

And a little history on the building:

It was built in 1892 and landmarked 113 years later. Now the former factory at 127 Fulton Street is on the brink of becoming one of the finest, best-restored residential buildings in the Financial District. The 10-story Keuffel & Esser building was named for the family-run company that built it. Famous among engineers who relied on its products, “K&E” was the brand of the early 20th century for all sorts of drafting materials and instruments — T squares, compasses, measuring tapes, leveling rods, surveying equipment, and even furniture. It was the first American company to manufacture slide rules, and its success helped make Lower Manhattan a commercial capital in the days when industry rivaled finance downtown

Here's more on the history of the company. And if you want to know more about the Compass Lofts, there's an open house on Sunday...

Come on in, the shopping's great!

As Urbanite reported (via Jeremiah) on Monday, the Strand Annex on Fulton Street will close after the summer. Why?

The Annex, purveyor of discounted books both new and used, has been at its current location for 12 years. But store owner Fred Bass says that recent construction in the area has decreased customer traffic and lowered profits.
“We were doing very well with that store, and then they started the construction, which really hurt our sales,” Bass said. “The lease was up, and of course the landlord wanted the normal increase. But we figured the construction will last at least another year, and we just felt that it wasn’t viable to do that.”

Another year? Good luck. I made a joke in April about 2078. That seems realistic. I see this mess on Fulton Street every weekday. It's only getting worse. This is an area you want to avoid. And I know people who do, unfortunately. If something like the Strand is giving up, what about some of the other smaller shops?  They need the business.

Previously on EV Grieve:

Been on Fulton Street lately? What a treat! 

All Fulton Street-related posts are here.

Looking at the signs and window displays along Fulton and Nassau Streets

I began my walk on Nassau Street in front of the Tiny Towel Spa. (Or is it The Towels Were in the Dryer Too Long and Shrunk Spa?)


The sign for Samuel's Hats on the other side of Nassau has an air of high society about it. According to their Web site, "If you are planning to attend the Kentucky Derby or you need a hat for any special occasion please take a look at our new arrivals by the greatest American and European designers. " I just don't see too many women wearing these kinds of hats these days.

The sign remains, the store is no longer in business. This is now the new home of Hat Corner.

There are several discount stores along Fulton Street (I should just call it Fulton -- there isn't much Street left with all the construction) and Nassau Street. The area reminds me a little bit of 14th Street between Third and First Avenue several years ago, when there seemed to be 99-cent shops every few storefronts. With all the fancy condos and hotels cropping up in the Financial District, I'm afraid there won't be much need for mom-and-pop stores selling, say, plastic backscratchers, Spanish-language greeting cards and off-brand detergent.

Ralph's has been here for nearly 35 years, I'm told. By the way, the door to the right of Ralph's is marked 82 Nassau Street. According to New York Songlines, "This was the address of the South Baptist Church; Herman Melville may have written "Moby-Dick" in a building in the church's courtyard, reports Literary New York. Later, in March 1878, the first telephone exchange was opened here by the Bell Company."

Been curious what this building was on Nassau Street before someone slapped the NATALIE on it.

Love the jazzy, roaring-20s look of the Wendy's sign. Adds a touch of class! Now, must order a Triple Stack with cheese.

There may be a Sophie's under here somewhere.

An exercise studio for nuns? Or mimes?

Yes, I know Dress Barn is a national chain with affordable clothing for women. That name, though. Sounds like the place to shop for the Sadie Hawkins dance.

Always like the 1-2 punch of a fried chicken chain and fitness center side by side.

More random storefronts along Nassau Street selling affordable shoes and clothing. How long will they last with the neighborhood becoming more and more affluent?

Why getting around the Financial District is so fun!

Need to get somewhere in a jiffy? You'll be better off, oh, crawling.

Pearl Street!



Liberty Street!



Maiden Lane!



Wall Street!



Fulton Street! (Still!)



Fulton Street is really ugly



Broad Street!



And last summer, Beekman was torn up...back to normal now...

Old-timer Blarney Stone becoming a gastropub with 35 plasma TVs in the Financial District

Every so often we wander away from the neighborhood...

We've written before about our fondness for The Blarney Stone on Fulton Street near Nassau in the Financial District ... a fine place for some beers and affordable quality food from the steam table by the front door. And they open at 8 a.m. A good crowd. Office workers. Construction workers. Horse players. A few people working on a scheme.

[Photo by IrishNYC via Flickr]

The place closed for good in March 2010.

Now, a reader sends along the following item from UrbanDaddy with news of what this space is becoming...

Welcome to The Fulton, a 4,300-square-foot gastropub where the menu looks like it’s from a steakhouse and the flat-screens are invisible (except when they’re not), opening Saturday in FiDi.

This place feels like a long-lost executive’s lounge from the 1920s. There are diamond-tufted leather banquettes everywhere. Herringbone wood walls. Hanger steak frites. Old framed photos of Fulton Street (circa horse-and-buggy era). And a slew of cracking antique mirrors... that happen to conceal 35 state-of-the-art invisible plasmas.

So when a game isn’t on, and the TVs are off, every set will be hidden behind two-way glass. Perfect for when you want to quietly sip on a Ginger Inn (that’s vodka with guava, lime, raspberry and ginger) while splitting short ribs and cheddar grits with that comely market analyst.

Like the sound of the "old framed photos of Fulton Street." A little history for the lifeless.

The layers of Fulton Street (aka, that big hole in the ground)

I've been keeping my eye on the looooong-delayed and increasingly expensive Fulton Street Transit Center at the corner of Broadway in the Financial District. It doesn't seem as if much progress is being made. The top two photos here show the construction site last week.



Here's what it looked like in July. I can't really see much difference.

Meanwhile, the Fulton subway entrance pictured below has been shuttered during the recent construction. The businesses shown here in July have been relocated to other parts of Fulton Street. These mom-and-pop shops that line entrances and exits of the subway give this city a little character, a little of which continues to die.

Staples pulls out of the South Street Seaport gateway: That was easy

The big Staples store (they're actually all big, huh?) that anchored the corner of Water Street and Fulton Street at the gateway to the South Street Seaport rather quietly packed up its ink and toner, binders and desk organizers, and closed up shop last month. Maybe the Staples brass figured business would fall because NYU's lease on the Rockrose-owned Water Street dorm adjacent to the store will not be renewed after this academic year.



There has been activity here of late, though it mostly seems to be workers clearing out the remaining Staples stuff.



Apparently they don't want you to know a Staples was here.



With the departure of the Strand Annex at 95 Fulton in September, there is some nice, fat storefrontage available on the east-end of the street. Maybe that construction will be completed in the next 10 years or so.

"We'll just stitch together a few shower curtains from the 99-cent store and no one will be able to tell the street is missing!"

As I've mentioned before, there's not much -- if any -- street left on Fulton Street. So somebody recently had the idea to brighten up the pedestrian crossings on Fulton Street with these cheap-looking, flowery screens. As if these will make us not notice this:

Stranded on Fulton

Weird not to have the Strand Annex at 95 Fulton Street in the Financial District around anymore...the store had been in this location for 12 years (in other locations downtown for another eight years)...but the double whammy of a 300 percent rent hike and the ongoing gutting of Fulton Street gave the Strand folks no other choice than to shutter the place, which happened the third week of September after some dandy sales.



And so the 15,000-square-foot space sits empty.




This box was out front the day I walked by...



At least locals can console themselves with another Dunkin' Donuts opening down the street.




[Top Strand photo taken for Downtown Express by by Jefferson Siegel]