Big storm ⛈ coming this way. #eastvillage @evgrieve pic.twitter.com/4KsZZOzaED
— Evan Kapitansky (@evan_kapitansky) August 9, 2019
6 a.m. to 10 p.m.: Buses and trucks only between Ninth Avenue and Third Avenue. All other vehicles may make local trips, but must turn at the next available right.
10 p.m. to 6 a.m.: All vehicles may make through trips along the corridor.
The location provides unparalleled foot traffic and eyeballs from affluent professionals, millennial students, artists, and tourists. The building’s modern, glassy design and double-height facade will allow retailers to maximize their branding and visibility, and make a strong impression on the local population.
The retail component consists of approximately 13,000 sf, which is divisible into 3 or 4 stores. These stores sit at the base of 20 floors of residential units, providing immediate access to this upscale population. The retail spaces feature 17 ft ceilings, and striking glass storefronts.
Paul Wolf, a real estate broker and adviser who specializes in working with nonprofits and who represented the foundation, said the buyer wanted to remain anonymous. Wolf said the buyer was planning to sell the property, potentially at a substantial loss, to a nonprofit that would maintain its civic use.
"The goal is to keep this as a community facility," said Wolf, who is co-president of the firm Denham Wolf. "The intent is to sell it to a nonprofit at a lower price than the purchase price."
City records show that a limited liability company, 287 East 10th LLC, named for the address of the Boys’ Club building, purchased it. A woman named Carey Thorpe is listed as the authorized signatory for the LLC. Thorpe, according to public records, is the spouse of Benjamin Pierson, the chief operating officer and general counsel for Sosnick’s A.R.T. Advisors.
