In the News: Water Street Arcades Valued at $250 Million

••• The Broadsheet dug into the numbers of the Water Street arcade giveaway and calculated that the value of the land is $250 million. “The building owners who receive this largesse will not be required to pay anything, but instead are promising to renovate adjacent plazas (also owned by the taxpayers), in a manner that will belatedly live up to promises made decades ago.”

••• The artist Marisol, who lived in Tribeca, has died. From the New York Times obituary: She was “a Venezuelan-American artist who fused Pop Art imagery and folk art in assemblages and sculptures that, together with her mysterious, Garboesque persona, made her one of the most compelling artists on the New York scene in the 1960s.”

••• “Downtowners living near the Brooklyn Bridge are furious to learn that a recent respite from the noisy nighttime renovation work on the iconic span will be merely the eye of the storm of sound. Letters sent to area residents announced two additional waves of back-to-back construction projects on the Bridge, set to begin in 2017—and last until 2022.” —Downtown Express

••• “Artists Space, the venerable nonprofit gallery that was founded in Soho in 1972 and has spent most of its peripatetic existence in that neighborhood, will close its main space there on Greene Street in June because its landlord is planning to build a penthouse atop the building. […] Artists Space had already begun hunting for a new location, to lease long-term or to buy, that would be large enough to accommodate its exhibition programs and also the activities of its Artists Space Books & Talks program, which it has run out of a space at 55 Walker Street in Tribeca since 2012.” —New York Times

••• You’ll be able to grill on Governors Island this summer. “Those interested in firing up the BBQ have to reserve the grill, along with up to 5 picnic tables on the trust’s website, and pay a $26 fee for the day. The party package also comes with a Radio Flyer wagon, ready to greet visitors when they get off the $2 ferry, for some help carrying supplies.” —DNAinfo

••• J. Crew CEO Mickey Drexler listed his townhouse at 464 Greenwich for $30 million. Designer Thierry Despont really did it up. —Wall Street Journal



  1. Actually, says that you can bring food or arrange it to be catered from food trucks, but “No grilling”.

    I highly recommend Veronica’s Kitchen’s jerk chicken.

  2. Marisol lived in Tribeca for how long I don’t know. I used to see her sitting by the benches near IPN. Wonderful artist.