Report: Developer lands $91 million loan for the Moxy East Village

[Photo from today, Saturday!]

An item from this past week to note: The Lightstone Group landed $91 million in financing for its Moxy hotel project on 11th Street, as The Real Deal reported.

Bank of the Ozarks provided the debt for the upcoming 311-key hotel at 112 East 11th Street, to be called Moxy East Village. The financing includes $63.1 million in new loans as well as an existing $27.9 million loan from Goldman Sachs that Bank of the Ozarks will now assume. Goldman Sachs previously provided $85 million to Lightstone for the project.

The Moxy website still lists an opening date of late 2018 for this hotel between Third Avenue and Fourth Avenue...



To make that deadline, the crew here will need to pick it up... a look through the blogger portal on the double plywood shows that workers remain in the deep pit stages of the foundation...



The 13-story hotel will include a variety of eating-drinking options and a dedicated Instagram account.

Previously on EV Grieve:
An updated look at that Moxy hotel for 11th Street

Lucy's

[Random Lucy's photo from 2009!]

The March 19 issue of The New Yorker includes a short Bar Tab feature on Lucy's, 135 Avenue A:

In the back, East Village lifers shot pool, and a man celebrated his roommate’s arrest, which had resulted from a brawl over unpaid rent. Flush for now, he bought a round of Serbian slivovitz (a throat-burning plum brandy) and toasted the N.Y.P.D. in absentia.

[Above photo of Lucy from New Year's Eve 2015 by Peter Brownscombe]

'Sister' act

"Record," the new record by Tracey Thorn, is out this past week via Merge... here's the video for "Sister" ...



And for old-time's sake... back to 1984 leading Everything But the Girl...

EVG Etc.: NYC housing woes; red-tailed hawk radio drama

[Zoltar makes for a fine fashion backdrop ... via Derek Berg]

Cuomo will issue emergency declaration to fix NYCHA (The Post)

Elected officials ask city to stop Rivington House condo conversion (The Lo-Down)

Amid housing crisis, NYC must rethink how land is owned (CityLimits)

The city’s crackdown on electric bikes is destroying the livelihood of people who make deliveries for a living (Fast Company)

Claims of increasing affordability in NYC aren’t quite right (Curbed)

Here’s what a landlord typically makes on a stabilized apartment (The Real Deal)

Feminist Film Week continues through Sunday at the Anthology Film Archives (Official site)

50th anniversary of the Fillmore East opening (Off the Grid)

Dora — storm trooper! (Laura Goggin Photography)

A Christo-Dora-Nora/Not-Dora radio drama! (WNYC)

City all in with dry ice to kill rats (Daily News)

An interview with EV resident Alan Cumming on "Instinct," the first hourlong network drama with a gay lead (The New York Times)

New Beer Distributors on Chrystie Street is closing (Jeremiah's Vanishing New York)

Nom Wah Tu shutters 6 months in (Eater)

History of the German Dispensary building at 137 Second Ave. — now the Ottendorfer library (Ephemeral New York)

Podcast: Catching up with Hector Monsegur aka Sabu (Bloomberg)

Making art from old prom dresses at the Lower Eastside Girls Club (The Cut)

Strand owner Fred Bass leaves $25 million to heirs (The Post)

Two chances to see "Blue Velvet" Sunday (The Metrograph)

Sake's popularity grows (amNY)

EV-based Black Iron Burger opening a spot near the Barclays Center (The Post)

When John Cale and Lester Bangs appeared on stage together at CBGB in 1978 (Dangerous Minds)

... and Peter Brownscombe shares the latest from the Ray's Candy Store lab — the Chocolate Banana Dip (chilled banana dipped in chocolate)...

At Three Jewels, there's coffee out front, and ancient Tibetan wisdom in the back

Three Jewels recently opened a cafe-yoga studio combo (a spiritual speakeasy!) at 5 E. Third St. just off the Bowery...



Three Jewels, the nonprofit that has been around for 21 years, moved into the storefront in Janaury; the cafe space opened in late February.

Stehen McManus, the managing director of Three Jewels, shared more info with me.

Here's part of a news release:

Three Jewels is coming out on the Bowery scene after 21 years hidden in an East Village walk-up. The non-profit community space looks to be a modest whitewashed café from the street, but walk through their rose-mirrored wall, and you’ll enter a glowing temple room where spiritual seekers practice inner and outer methods ...

Their model of spiritual education is tripartite (and most of it is free): a comprehensive meditation programme with a colorful Tibetan backbone, thoughtful yoga classes, and deep scriptural education from seasoned practitioners. The centerpiece offering, an eighteen-course spiritual training in Buddhism, contains texts that were translated to English from Sanskrit and Tibetan for the first time in the early 90s. Comprehensive meditation and yoga trainings are curated to provide students with the root of an authentic personal practice.

The spiritually curious can choose from the themed meditation program and relax on Samaya cushions in the temple space or bear witness to the flow of artists, business-types, dancers, social activists and yogis whom migrate to the café, curated by the Bushwick coffee heroes Little Skips.

You can find their cafe menu here. You can find more about their classes and events here.

Rent freeze fight underway for 2018

[Image yesterday via]

Members of the Rent Justice Coalition along with several elected officials held a rally downtown yesterday outside the Rent Guidelines Board’s first meeting of the year.

The Coaltion was out to demand that the RGB freeze rents for tenants in rent-stabilized apartments. In addition, the group wants to ensure that tenants have a voice at the RGB's upcoming hearings across the city.

Last June, the RGB voted to allow rent increases on the city’s 1 million rent-stabilized apartments, with one-year leases subject to 1.25 percent raises, and two-year leases subject to 2 percent hikes — this after two consecutive years of rent freezes.

Per a release from the Coalition:

While the coalition counts past rent freezes as successes, data show landlords have been overcompensated for decades with high rent increases, including an 8.5 percent increase at the height of the recession in 2009. In fact, rent stabilized tenants are rent burdened, with half of them paying about a third of their income for rent. At the same time, many low-income families pay as much as 60-70 percent of their income in rent.

While tenants face rising cost, landlords are making more money and paying less for expenses. Property resale prices are up; rent revenue is up; and foreclosures are low. The Rent Justice Coalition is demanding another from the Rent Guidelines Board to allow rent-stabilized tenants to keep their homes.

Here are quotes from local-elected officials:

Council Member Margaret S. Chin: "While our city has made progress in the movement for affordability, we need to keep the protections currently in place that provide relief to millions of rent-stabilized tenants across New York City. At the Rent Guidelines Board public meeting, tenants and rent justice advocates will make their voices heard on the importance of not only a rent freeze, but a rent rollback, and I urge the Board to make sure their feedback is taken into account at every step of the process."

Council Member and Progressive Caucus Member Carlina Rivera: "After a difficult rent increase in 2017, we must fight to make this the year of the rent freeze for our rent-stabilized residents.I continue to hear from people across my district that any increase could put them seconds away from losing their homes. Many of the rent-regulated tenants in my district have lived here for decades. To see them forced out by unnecessary rent increases would destroy the heart of our neighborhood identity."

The next RGB meeting is April 5. Their preliminary vote is April 26 at Cooper Union. Find the full upcoming schedule here.

'Give me back my package you bastard'

[Click on image for more detail]

Package thefts remain an ongoing issue in neighborhood buildings... the resident of this Second Street building has had enough, as evidenced by the sign he-she left in the entryway...

Stop stealing packages you thieves, I am getting the cops involved in this enough is enough. This is not the first time a package is stolen from the lobby of this building. Keep your hands to yourself and stop taking what's not yours. If you didn't pay for it don't touch it. I hope the cops find you because I am pressing charges.

Give me back my package you bastard.

Thanks to @chang0blanco for the photo!

Mahalo New York Bakery debuts on 9th Street

Mahalo New York Bakery is now open (as of this past weekend) at 443 E. Ninth St. at Avenue A.

The bakery, which serves Hawaiian-inspired desserts, has two outposts in Queens.



Mahalo's grand opening is this weekend...

It's official guys! Grand opening at our East Village location (443 east 9th st) is this Saturday March 10th! We will be having samples and special discounts all weekend so make sure you stop by. Special shout out to all those who came this weekend for our sneak preview and an eternally grateful shout out to @foodbabyny @hungrybrownguy @fuelgrannie @fatguyfrombrooklyn @omgitsbomb for being with us from the start 2.5 years ago with our Glendale Queens location and making the time to swing by this past weekend ❤ #bakery #eeeeeats #dessert #instagood #cupcake #cupcakes #eastvillage #grandopening #newyork #manhattan #foodies #foodie #sweets #mahalonewyorkbakery

A post shared by Mahalo New York Bakery (@mahalonewyorkbakery) on Mar 5, 2018 at 6:10pm PST

Thanks to Steven for the photos!

Previously on EV Grieve:
Queens-based bakery bringing Hawaiian-inspired desserts to 9th Street

Thursday's parting shot

Sunset pic via Bobby Williams...

More than one can bear

Fourth Street between Avenue C and Avenue D this evening... via @artisanmatters

Noted

EVG regular Lola Sāenz points us to these decorative dog poop signs handmade with glitter (and TLC!) on Third Street at First Avenue...

Time to rent at EVGB, where studios ('lofts') start at $3,695

Extell Development's EVGB — the "East Village's Greatest Building" — is now renting at 510 E. 14th St. and Avenue A.

The listings went live on Monday, as Curbed first noted.

In total, there are 110 market-rate rentals here. And "market rate" is apparently $3,695 for a large studio (called "lofts" at the EVGB website). The largest units, with three bedrooms, are asking $12,425.

Here's the description of a two-bedroom unit ($7,455) via Streeteasy:

Make yourself at home in this north facing split two bedroom, two bathroom residence. 412 features generous living space, multiple walk-in closets, and an in-unit Bosch washer/dryer. for entertaining and relaxing. The huge open kitchen is outfitted with Miele and Bosch appliances, Cosentino Silestone Quartz countertops and backsplash, and unique wood and glass cabinets with gunmetal pulls. The four-fixture master bathroom includes a walk-in shower with blackened steel and fluted glass door and double vanity. Both bathrooms feature Porcelanosa tile and Kohler and Wetstyle fixtures. This apartment is finished with hardwood white oak flooring.

Each unit also includes an Alexa home interface for easy Alexa-ing. ("Alexa, how much is $12,425 divided by eight?")

Here's a view of the back of the building, showing the various balconies and the garden units...



Building amenities include an indoor saltwater pool, a bi-level fitness center, a children’s playroom, and a 19,000-square-foot roof deck with bocce, a putting green, a yoga lawn, a wet bar, fire pits and more things to perhaps inspire 13th Street residents who live behind here to call 311.



As you can see, the EVGB site is working hard to appeal to would-be renters... (The "Mmm ... carbs" cartoon cupcake, like)...



EVGB has an Instragram account too... the first one is a puzzler: "East Village will have you Going Back for more again, and again, and again...donuts are just the beginning of what the vibrant neighborhood has to offer."

Anyway!

East Village will have you Going Back for more again, and again, and again...donuts are just the beginning of what the vibrant neighborhood has to offer. #evgb #rentevgb #eastvillage #luxuryrentals #nycrealestate #nyre #realestate #donuts #dessert #eeeeeats #treatyoself #dessert #newyorkcity #newyorker #newyork #vsco

A post shared by EVGB (@rentevgb) on Mar 6, 2018 at 3:16pm PST

All this talk about "East Village's Greatest Building” makes us want to break it down.... #evgb #rentevgb #eastvillage #luxuryrentals #nycrealestate #nyre #realestate #popart #dancing #hipster #vsco #art #artistsoninstagram #colors #milliondollarlisting #eastvillagenyc #newyorknewyork #newyork_ig #newyork #newyorkcity

A post shared by EVGB (@rentevgb) on Mar 1, 2018 at 5:03pm PST

Forecast says - sunny days ahead on the 17,000-square-foot sky deck. Rent EVGB now; your summer-self will thank you later. 🌞🌞🌞 #evgb #rentevgb #eastvillage #luxuryrentals #nycrealestate #nyre #realestate #skydeck #rooftop #grilling #sun #views #nycviews #vsco #popart #newyork_ig #luxurylisting #milliondollarlisting #newyork #newyorker #newyorkstyle #colors #classy #sunnydays

A post shared by EVGB (@rentevgb) on Feb 28, 2018 at 2:36pm PST

Move ins at EVGB start in April.

And as previously reported, part of the retail space in this building will house the small-format Target store. Which someone already tagged.


[Photo from Tuesday]

Extell's other new building on the block toward Avenue B is currently accepting applications for middle-income units.

Previously on EV Grieve:
New 7-floor buildings for East 14th Street include 150 residential units

Target offers details about its flexible-format store opening summer 2018 on 14th and A

The disappearing storefronts of East 14th Street

Extell's new development at 524 E. 14th St. launches lottery for 50 affordable units

[Updated] Bar taking over former HiFi space on Avenue A is called Coney Island Baby

[Photo from Jan. 20]

Work continues at the former HiFi space on Avenue A between 10th Street and 11th Street.

Not a lot is known publicly about the new venture just yet. However, the place does have a name — Coney Island Baby... not to mention an Instragram account, which I discovered last evening...

A post shared by Coney Island Baby NYC (@coneyislandbabynyc) on Mar 7, 2018 at 8:08am PST

Per Instagram: "Coney Island Baby NYC. Newly unearthed East Village bar and performance venue, overlooking the denizens of Tompkins Square Park."

HiFi, which also hosted the occasional book readings, comedy shows and acoustic bands, closed last October after 15 years at the address.

In his closing announcement, HiFi co-owner Mike Stuto wrote that business had been off, noting that the weekend bar crowd was "mostly indifferent to the place." He also stressed that the closure had nothing to do with the landlord, a management company that he said has been "ideal ... in pretty much every sense of the word."

Stayed tuned for more on Coney Island Baby, which presumably is named after (or for!) this. Or this! No word on an opening date just yet.

Updated March 25

The bar's website is live now. Coney Island Baby describes itself as "a new 200 capacity live music venue and bar in the heart of the musically historic East Village in NYC. Booking now."

Alejandro Escovedo is headlining the first show on May 2.

End of days at the St. Denis

[Image via Wikipedia Commons]

The new-ish owners of the St. Denis at 797-799 Broadway at 11th Street have plans for the building that don't include its current small business owners (mostly psychotherapists, apparently).

Vanishing New York's Jeremiah Moss, himself a soon-to-be-former-tenant, wrote a feature titled "The Death and Life of a Great American Building" for The New York Review of Books.

Per Moss:

[In the summer of 2016], tenants received a letter from the new owners, announcing the purchase and assuring, “We look forward to continuing the strong, positive relationships enjoyed by tenants in the building.” But as leases expired, they were not renewed, except as short-term extensions rigged with sixty-day termination clauses. Some tenants saw the writing on the wall and moved out. Those who remained hoped that [Normandy Real Estate Partners'] plans — whatever they were — would fall through. Rumors circulated about the future of the St. Denis. It would be gutted, glossed, and given to a single corporation. It would be flipped and turned into condos. And the unimaginable? It would be demolished.

In the summer of 2017, tenants discovered architectural renderings on the Internet proposing to replace the St. Denis with a seventeen-story glass tower sheathed in white glass, as sterile as an operating table. On their website, the CetraRuddy firm claimed that their design will create “an office environment that addresses mental and physical well-being.”

Here's a look at CetraRuddy Architect's concept for the St. Denis (via CityRealty)...



Normandy Real Estate Partners have yet to publicly announce their plans for the property just yet. (Normandy has said that this idea was just allegedly conceptual.)

The 165-year-old building is noteworthy for many reasons. It opened in 1853 as the St. Denis Hotel, which is where Ulysses S. Grant wrote his post-Civil War memoirs and Alexander Graham Bell provided the first demonstration of the telephone to New Yorkers.

However, the building is not landmarked... and it is not in a Historic District.

Back to the article:

Andrew Berman, executive director of the Greenwich Village Society for Historic Preservation, is advocating for a zoning to protect the area and its architectural jewels. “The Tech Hub is accelerating the changes,” he told me. What’s coming, he says, are more “high-end high-rise developments — condos, hotels, and tech office buildings.” And there is no limit to how high they can go, thanks to a current zoning that Berman says is “very generous to developers.”

Read the full article by Moss here.

Previously on EV Grieve:
Report: Former St. Denis Hotel selling for $100 million