In the News: The welcoming home for Pearl River

THE NEW SOHO HOME FOR PEARL RIVER
The Times has a feature on “nice landlords” — particularly the ones who brought Pearl River back to Soho (no bonus for us — I wish they were still in Tribeca). When … the co-op at 452 Broadway recently found themselves with an empty storefront in their building and learned that Pearl River was in search of a new home, they jumped at the chance to bring back a homegrown store that represented the more spirited and entrepreneurial SoHo of yore. They offered Pearl River a seven-year lease, starting with a reduced rent that would give the store a chance to find its footing; the rent would gradually rise in subsequent years.” FYI the Tribeca store is closed and the new one will open later this month.

DISCOUNTS IN HIGH PLACES
111 Murray is mentioned along with several other mega towers as part of the buyer’s market going on especially in Manhattan right now, according to The Times. The discount at the building is 38 percent, the story said, but the pricing seems to be working, with 150 of the 157 units “spoken for.” “From here on in, it has to go up,” said Gary Barnett, the chairman of the Extell Development Company, adding that three of six of his current condos are expected to be money-losers.

NEW GALLERIES IN TOWN
The Art Newspaper has a Q&A with three galleries who made big moves during the pandemic, including Grimm on White and PPOW on Broadway and Walker.

CYNTHIA NIXON HOUSE HUNTING ON HARRISON
The Post reported that Cynthia Nixon toured 31 Harrison last month, checking out one of the row of federal houses moved from the former Washington Street as part of the urban renewal plan of the early ’70s. It also has some details of the first owners of the building. “The seller is architectural photographer Scott Alexander Frances, whose parents, award winning journalists Alexander and Evan Frances, bought the home from the city in 1977 for $34,000. ‘It was just a shell, no walls, plumbing or wiring,’ Frances tells Gimme. ‘At the time, the city was in financial straits and was deaccessioning assets. It was a good price, but to make it habitable cost another $150,000. That was real money in those days, especially for two journalists who had been living in Stuyvesant town since 1947.'”

 

1 Comment

  1. FYI: ALL the luxury high rises are in the discount mode. Lots and lots of vacant units…

Comment:

Array