In the News: Hotel to (finally) replace big hole in the ground

456 GREENWICH EMERGES FROM BANKRUPTCY
This could be really good news (well, at least after the two-plus years of construction noise): The Real Deal reports that the hotel planned for 456 Greenwich has emerged from bankruptcy after restructuring its debt and getting a whopper of a construction loan from South Korea. If you want to read the details, it’s all here. The new opening date for the Hotel Barriere Le Fouquet outlet: April 2022.

WEST SIDE HIGHWAY SPEED IS 30 AS OF TOMORROW!!
The city has lowered the speed limit on West Street from 35 to 30, effective Saturday. It’s meant to make the city friendlier for pedestrians and bicyclists, who have a better rate of survival in a crash at the new speed. PIX11 reports that there have been 10 fatalities in the past six years between Battery Place and 59th Street.

 

MONUMENT TO TOURISTS EATEN BY WOLVES
J. sent this the other day – and I can’t wait to go see it. It’s the work of Staten Island sculptor Joseph Reginella, who seems to get no end of pleasure (and I get it!!) from rewriting New York City history for shits and giggles. This one stems from Ed Koch’s plan to release wolves into the train yards to ward off graffiti artists, and even comes with its own PSA. There’s also been monuments to the time a giant octopus attacked the Staten Island ferry, and when a UFO abducted a tugboat during the 1977 blackout. See more at Untapped Cities, which has been following him for a few years.

MILLIONS WORTH OF ART UNDER OUR NOSES
The BPCA did an estimate on its public art with the Art Dealer’s Association of America and the total for the 15 pieces compromised in the collection were appraised at $63,514,098, the Broadsheet reports from a recent meeting. Turns out the authority was in on the ground floor for artists whose work is now highly valued: Louise Bourgeois (the eyes in Wagner), Martin Puryear (the towers at the end of North Cove Marina), Ann Hamilton (the ice wall in Teardrop).

GOURMET GARAGE SOLD TO SHOPRITE OPERATOR
A New Jersey company that primarily operates ShopRite stores has bought the Gourmet Garage chain (Tribeca, Soho and Lincoln Square) for $5.3 million. The founder of GG has gone on to another food related venture, according to Winsight Grocery Business.

 

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