In 2006, the shop moved from Astor Place to its current home in the De Vinne Press Building at 399 Lafayette St. on the NE corner of Fourth Street. In 2008, Astor Center — an educational facility that offers classes on wine, spirits and cocktails — opened at the same location.The sale was made to an Employee Stock Ownership Plan (ESOP). In an ESOP transaction, the current stockholders sell their shares to the ESOP, and are paid over time from the company’s earnings. Shares in the newly formed ESOP are free to employees who redeem those shares at retirement.On retirement, the redemption value of the employee’s shares is predicated on the success of the business. ESOPS generally have higher sales and job growth than non-ESOP companies. Examples of other ESOPS include Publix Super Markets, WL Gore (the makers of Gore-Tex) and Bi-Mart.
Tuesday, September 13, 2022
Astor Wines & Spirits has new owners — its employees
A new broker for 44 Avenue A
As noted before, we've talked with several residents who'd love to see the space used for some type of cinematic venture similar to the Metrograph, the boutique two-screen theater — which also features a restaurant, a bookstore and a lounge — down on Ludlow Street.
Signs of fall: the Feast of San Gennaro starts Thursday
Monday, September 12, 2022
Go hear Andrei Codrescu at the Bowery Poetry Club
Noted (again)
Good Beer is closing
As the name suggests, Good Beer has always stocked an impeccable selection of domestic and international beer across every style. And it gets deliveries from local breweries several times a week, so you can simultaneously support the locally owned store and the city's flourishing brewery scene.
A full reveal at Zero Irving on 14th Street
Thirteen vendors will occupy the 10,000-square-foot venue with an outdoor patio. Urbanspace is curating a dynamic lineup of chefs, food entrepreneurs, and exciting new restaurant concepts. The result will be more than a market: it will be a fertile ground for the food community, a place where ideas are shared and creativity and individuality shine. At least 25% of the Food Hall will be reserved for use by first-time entrepreneurs or start-up companies operating for less than four years.
Jo's Tacos coming to 14th Street
J. Crew signage official a day before its grand opening on the Bowery
Lenders have taken over controlling ownership after a federal bankruptcy court approved J. Crew's reorganization plan. That deal left investment firm Anchorage Capital Group as the retailer's current majority owner. Kevin Ulrich, Anchorage's CEO, said in the release that his firm sees "an immense opportunity for growth and expansion at each brand," which includes the J. Crew and Madewell banners.
Sunday, September 11, 2022
Sunday's parting shot
Week in Grieview
Mayor Adams gives the all clear to the water at the Jacob Riis Houses
This comes after the news Friday in which Environmental Monitoring and Technologies Inc. admitted that its earlier findings of arsenic in the water were incorrect.This morning, @nycHealthy reviewed the final test results for contaminants and we can confidently say the water at @NYCHA Jacob Riis Houses meets EPA standards. I wouldn’t ask residents to do anything I wouldn’t do, which is why I stopped by Riis Houses to drink the water myself. pic.twitter.com/0eTnIBDyaZ
— Mayor Eric Adams (@NYCMayor) September 10, 2022
Other reactions...I know the last eight days have been unbearable for the residents of Jacob Riis Houses, but, this morning, the New York City Department of Health and Mental Hygiene reviewed the final test results for contaminants and found the water to be well within EPA drinking water quality standards. We can confidently say the water at Riis Houses is and has been free of any discernible amount of arsenic since the initial tests were initiated in August and meets EPA standards. I would not ask the residents of Riis Houses to do anything I wouldn’t do, which is why I have already stopped by Riis Houses and drank the water myself.As we stated yesterday, NYCHA nor any other city agency will test water through Environmental Monitoring and Technologies any longer, and the city intends to pursue all available legal options on behalf of the residents of Riis Houses and will look for how we can reimburse residents for costs incurred over the last week. In regard to the Legionella bacteria reported earlier this week, we suspect these results are inaccurate.As public health experts have noted, Legionnaires Disease cannot be contracted by drinking water. Additionally, we are actively reviewing our Legionella surveillance data, and have found no reported or confirmed cases of Legionnaires Disease at Riis Houses over the last 12 months.
After being on the ground hearing directly from residents this week and laying out questions + demands below, we heard little from the City at tonight’s mtg with Riis families.
— Carlina Rivera 利華娜 (@CarlinaRivera) September 10, 2022
Blaming an outside vendor for NYCHA’s mistakes is not accountability. These families deserve better. https://t.co/rcSWQMA1Wg
Noted
Saturday, September 10, 2022
Saturday's parting shots
City cuts down this tree — said to be rotting — in Tompkins Square Park
Officials now say water tested at the Riis Houses never had arsenic in it; lab says results were 'incorrect'
Officials made a stunning announcement yesterday about the week-long water crisis at the Jacob Riis Houses on Avenue D.An update from the Mayor’s Press Secretary @Fabien_Levy on the water situation at Jacob Riis Houses in Manhattan:https://t.co/j1foCteceU pic.twitter.com/xUs2uLTRV0
— NYC Mayor's Office (@NYCMayorsOffice) September 9, 2022
Today, Environmental Monitoring and Technologies — the original lab that provided the initial test results claiming there was arsenic in the water at Riis Houses issued a full retraction and released revised results, calling their initial results 'incorrect.' Worse yet, the company has now admitted to being the ones that introduced arsenic into the samples, leading to the false results.
The audience erupted, with tenants shouting that they don't know what to believe after being whipsawed back and forth over eight days, beginning on the Friday night of Labor Day weekend, that left them furious and exhausted."This one week has felt like an eternity," said Riis tenant Dianna Fernandez. "Water is essential. NYCHA needs to do better. Mayor Adams: Where are you?"Adams was in Washington, D.C. trying to woo the Democratic Committee to hold its convention in New York, but NYCHA Chairman Gregory Russ was present, facing the angry crowd and quickly becoming the target of much of the room’s explosive anger.
And as NBC New York reported: "City leaders plan to explore all legal avenues while guaranteeing the end to all work with Environmental Monitoring and Technologies."Angry residents of the Jacob Riis houses at a public meeting tonight demanding answers from officials about the complex’s water. @CBSNewYork pic.twitter.com/mBDygvJdFi
— Thalia Perez (@ThaliaPerezTV) September 10, 2022
NEW: I, along with many of my colleagues, want answers from @NYCMayor and @NYCHA Chair Russ. Residents at Riis Houses have been through a lot. They deserve answers, transparency, accountability and compensation. We look forward to the response. pic.twitter.com/sJ7Rb0CKPH
— Harvey Epstein (@HarveyforNY) September 9, 2022