
Per The Wall Street Journal: Eliot Spitzer is returning to Washington, D.C., but this time as an investor in the commercial real-estate market.
The neighborhood, one of the city's largest — spanning from the Bowery east, from Houston to Canal streets — offers Manhattan's least expensive two- and three-bedroom rentals, averaging $3,023 and $4,095 a month, respectively, according to Citi Habitats' January data. (Compare that to $4,311 and $5,450 in Chelsea, and $5,086 and $7,169 in SoHo/TriBeCa.)
[T]he glass 16-story, 32-unit Blue condo, out of place among its five- and six-story neighbors, is a different story. It averaged $1,140 per square foot when it sold out, says Corcoran Group broker Barrie Mandel.
"The people who bought [at Blue] were people who 10 years ago would have bought in the Village and five years ago would have bought in SoHo and two years ago would have bought in NoLIta," Mandel says. "The majority of people have traditional work that they do all day long, they dress in a suit and tie, a dress and proper heels and come home at night and lead a different life, go to the clubs or the lounges."
Since Anne Hugard moved to the Lower East Side in 2001, she has seen a dramatic transformation.
"There were no stores, and it was Chinatown to the south and very Puerto Rican to the east; that's what we liked about it," she says. "It got gentrified, which is good and bad. We enjoy the convenience of stores, but the drawback is that the population gets to be all the same."
"I've watched this area go from street fights to kids puking in the streets," says Chris Scott, co-owner of Fat Hippo, a newish restaurant on Clinton Street. "Those bridge-and-tunnel places are what made this area better."
Manhattan's retail rent rollback is causing Wal-Mart to give the city another look.
The giant discount chain has shopped for space in Union Square and among the big-box stores along Sixth Avenue in Chelsea, The Post has learned.
Wal-Mart recently passed on a proposal by Related Companies for a two-level store of about 57,000 feet in Union Square where Virgin Megastores and Circuit City are closing, sources said.
The company's real-estate scouts have also been roaming the area around 620 Sixth Ave., said the sources.
Wal-Mart spokesman Steven Restivo said the Union Square sites "were never under consideration." But he said the company is "still interested" in opening stores in New York, despite strong political and union opposition.
Talk about your leggy blondes: Kiehl's has thought of a creative way to hype their relaunch of Close-Shaverettes Simply Mahvelous Legs Shave Cream, ($15.50). They've enlisted the help of vertically-gifted Svetlana Pankratova, the woman who holds the record for having the longest legs in the world. (They're a whopping 4'4" — that's her legs alone. Keep in mind that the average woman is only about 5'3" from head to toe!) If you're in the New York area tomorrow, you can see those gams for yourself at Kiehl's East Village flagship store, where Pankratova will be on hand from 12 PM to 5PM to demonstrate the product and donate $44 per razor stroke to the Lower Eastside Girls Club.