
For now, anyway! Jill at Blah Blog Blah has the story.
Lopate: From my perspective, there’s been a healthy shift from seeing cities as basically dying to essentially buoyant, yet still requiring help.
Huxtable: We’ve seen a reversal. Years ago there was white flight to the suburbs, the inner cities were crime-ridden, there was a lot of poverty. We still have poverty, but people started moving back to the cities.
Lopate: There’s also been a shift in attitude regarding density.
Huxtable: Yes, urban renewal tried to get rid of density. It was viewed as concentrating poverty and disease. Now there’s the awareness that density is more energy-efficient and less destructive of the environment than urban sprawl.
Lopate: I take it you’re for density but not for overbuilding.
Huxtable: How can I be against density? I’m a New Yorker! I grew up with density. Still, in a way I’m glad for this downturn in the economy. Because so much bad stuff was being built. This will give us a chance to think, to take stock. I am so weary of these stupid alliances between developers and cultural institutions in which the cultural institution is given a block of space and the developers overbuild the rest and make an enormous profit.
The Museum of Modern Art has become a real estate operation. I admit a certain amount of nostalgia: I remember a street that was once one of the best streets in New York, 53rd Street. Watching it change over the years, I can’t help but view their new Nouvel tower as the last destructive nail.
There was community opposition to 8 applications.
The committee unconditionally denied 4 of these.
Under pressure from the committee, another 2 withdrew,
and the committee approved 2 (both transfers of existing licenses to new owners).
The 2 that were approved had only one resident speaking in opposition.
"[T]his morning, we received a cheerful note from developer Bruce Kaplan about his new condo building at First Street and First Avenue. He wondered if a Voice feature might be in the offing, seeing as how Kramer, in an episode of Seinfeld, once referred to "First and First" as the "nexus of the universe."
Yeah, that's clever, and a nice selling point, no doubt. But with Kaplan's one-bedroom condos going for about a million bucks each, we shot back a response: what sort of a feature was he looking for, with his building only adding to the difficulty the non-filthy-rich are having staying in the city?
Perhaps you might take a longer view.
From http://www.gvshp.org/history.htm, and as you probably know:
"between 1825 and 1840...shrewd speculators subdivided farms, leveled hills, rerouted Minetta Brook, and undertook landfill projects. Blocks of neat rowhouses built in the prevailing Federal style soon accommodated middle-class merchants and tradesmen. From 1820 a more affluent residential development emerged to the east near Broadway."
So without the actions of those shrewd speculators, there would not have been the canvas to paint on what would become the Village. Presumably the Minetta Brook Voice mourned that transformation.
As one of the Village's more famous residents wrote:
Come writers and critics
Who prophesize with your pen
And keep your eyes wide
The chance won't come again
And don't speak too soon
For the wheel's still in spin
And there's no tellin' who
That it's namin'.
For the loser now
Will be later to win
For the times they are a-changin'.
If one looks back over time, there are several theorists (Ricardo, Mills, Alonso's Urban Land Theory) whose theories are that rising prices increases, not decreases supply. See also, http://www.chpcny.org/default.html
In any event, for what it's worth, what this shrewd speculator hopes to do with his million bucks is create affordable rental housing in the outer boroughs and preserve that diversity you value.
Eight holdout tenants who fought for five years to keep their millionaire landlord from turning their Lower East Side tenement into a mansion for himself agreed to be bought out yesterday.
The last rent-stabilized tenants of 47 E. Third St. said they gave in because they weren't confident they would beat real-estate baron Alistair Economakis in the Manhattan Supreme Court trial scheduled to begin yesterday.
Economakis, the son of a Greek shipping magnate, bought the six-story building for $900,000 in 2003 and said he needed it as a home for himself, his wife and two children.
He reached deals with seven of the 15 tenants but the others fought until yesterday.
The tenants will each receive $75,000 under the settlement, except for one elderly resident, who will get $175,000.
...will be home to the forthcoming East Village Pie Lounge.
The sign on the door promises everything from Apple to Pecan to Banana Cream Coconut pie -- for $5.25 a slice. Now this stretch of Seventh Street already counts the Chocolate Bar at 127 as a tenant (since June).
[Deathly silence]
So that's the Chocolate Bar. And Pie Lounge. Can we expect, say, the Tapioca Tavern in the vacant store front at 125 E. Seventh St.?