
Second Avenue this afternoon.
Read more about Flood Wall Street today here.
Photo by Derek Berg.
Residences at 100 University Place will be slightly smaller than those inside its new neighbors, with 107,965 square feet of residential space split between 52 apartments, resulting in an average unit size of just over 2,000 square feet – still very large, especially for Manhattan standards.
SLCE ... has a track record for building sorta boring but not offensive apartment buildings and hotels ... But will whatever design they produce offend the neighbors, because of its sheer height (309 feet) amid a low-rise neighborhood? All bets point to yes.
Margaret Halsey Gardiner, the museum’s executive director, struck a conciliatory note. “We’re trying to work with the developer and their engineers on protection plans that will ensure the safety of the house during demolition of the garage, excavation of the foundation and the construction of the hotel,” said Ms. Gardiner, who is known as Pi.
"The rent was already way too high per square foot compared to what others in the neighborhood are paying," McEachern says. "We need to make $7,000 a night just to make overhead; utilities, rent, taxes, insurance, the whole shebang." Last winter, with its multiple Polar Vortexes, was particularly difficult for Angelica, and McEachern says there were "many" days over the winter where the restaurant "barely brought in $2,000. We were barely able to stay open."
Before that, Angelica was hard-hit by Hurricane Sandy. "We lost a lot of money during that week because our insurance refused to pay business interruption insurance, which it did with other businesses in the East Village. Things just dropped off after Hurricane Sandy. The whole neighborhood economy just slammed shut, for quite a while."