In the News: 250 Church future up for grabs?

The Real Deal reports that Normandy Real Estate Partners and Columbia Property Trust are purchasing 250 Church Street for about $200 million. “The firms are buying the 15-story commercial building from Norvin Properties, which had filed plans in 2017 to convert it into a residential property with 107 units. It was unclear whether Normandy and Columbia would move forward with these plans.” At one point, Handel Architects was tapped for the job. There’s no new info at the DOB other than the plans for conversion to residential filed in 2017.

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VICE LEAVES DESBROSSES
Vice founder Shane Smith sold his loft at 20 Desbrosses for under asking – listed for $5.85M, sold for $5.35M. Could be #MeToo depreciation. –The Post

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RUSH HOUR RUN REJECTED
Community Board 1 rejected the American Heart Association’s proposal for its 10,000-person Wall Street Run & Heart Walk planned for rush hour on Thursday, May 16. The event would shut down nine local streets.  –The Trib

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$57 MILL GETS YOU PRIVATE ROOFTOP POOL
Formula 1 driver Lewis Hamilton never lived in his penthouse at 443 Greenwich (maybe because he also picked one up at 70 Vestry), but it’s back on the market “in pristine brand new never lived in condition.” (Grammar alert: how about some hyphens??) “The penthouse in question is PHH, which sold in 2017 for $44 million; it’s now asking a whopping $57 million. Mara Papasoff of Brown Harris Stevens has the listing. That price also earns the property a spot on the list of New York’s most expensive homes for sale.”
Stop the madness. –Curbed

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OBIT FOR J. CREW’S LIQUOR STORE
GQ’s Sam Schume, the Shopping Buddy, is “all up in his feelings” over the closing of The Liquor Store. This reflection on the store’s initial success from his obit: “The designer Todd Snyder was in charge of menswear at the time, and—along with branding whiz Andy Spade and J.Crew chairman Mickey Drexler—helped open the shop. He knew it was going to work, he told me last year, ‘but I had no idea how great it was going to be. That store, alone, did almost as much business as the store on 5th Avenue.’”

 

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