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Looks like the next neighborhood getting the development treatment will be up at the north end of the East Village-- the Extell Corporation has bought up 17 buildings in a fifteen square block area between 10th and 14th Street. You may remember Extell from the building collapse they were involved with last year, their failed Atlantic Yards bid, or the giganormous luxury buildings they're building on the Upper West Side. Though the company claims they're not planning any demolition and redevelopment, neighborhood activists are getting worried:
"This type of acquisition, tenement housing, is a big departure from what Extell has done before," said Steven Herrick, executive director of the Cooper Square Committee, which is helping tenants organize for a Sept. 19 community board hearing on Extell's plans."Luxury development is unacceptable in our community, which has historically been primarily the working poor," he said.
We're betting the first towers start going up in early 2007-- companies as large as Extell aren't in business to operate small tenement buildings.
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mother of all fuck.
They absolutely should not develop this area. In fact, they should remove units already there, build new houses 35 miles from the city, and provide every resident an SUV to commute to the city to work. Then they won't be abused by any more of these vicious threats of development.
this sucks. i live within a half-block of that square (to the east) and the reason i've stayed for so many years in my apt is because of the neighborhood. specifically the life cafe, the lakeside lounge, the b-side bar, etc. i really hope this area doesn't get redeveloped.
Don't worry, I'm sure Extell will negotiate a really great community benefits agreement!
Wow. It's like Rent (the musical) becomes reality.
If they purchase development rights to Tompkins Square Park and build a stadium, that would be perfect!
The spirit of Robert Moses has never died; it just got privatized.
Man...my apartment is smack in the middle of that red triangle (11th between A and B), and this story practically made me do a sptit take with my coffee. This is Not Good...
sickening.
They've owned my small tenement building in Morningside Heights now for over a year and they are systematically raising everyone's rent to force them out. My building is only about 40 percent occupied right now.
Extell swallowing the East Village. Read The Villager:
http://www.thevillager.com/villager_174/developerbuys.html
I live uptown in Harlem, where the rent is still cheap for big apartments, but I've been planning to move to E 14th and sacrifice space for location. Guess now there's no point.