Pangs of New York
On the Market
Martin Scorsese, who grew up on the then-mean streets of Little Italy, has joined the fight to slow the luxurious transformation of the Bowery. The director recently wrote a letter to City Planning Commission Chair Amanda Burden that announced his solidarity with the Bowery Alliance of Neighbors as the organization seeks revised zoning limits on the east side of the thoroughfare, a former Skid Row and, before that, theater and vaudeville destination.
Two floors encompassing 92,000 square feet of retail space at the luxury residential conversion 185 Wythe Avenue in Williamsburg are on the market.
The leasing agency, TerraCRG, claims in the listing that this is the largest contiguous available retail block in the north Brooklyn neighborhood. Asking rents are at $50 per square foot for minimal divisible lot sizes of 5,000 square feet.
The Meatpacking District had already seen rapid-fire gentrification when, in 2008, a Mobil station at the entrance to the neighborhood sold for $60 million and buzz circulated that it would go retail. Months after the sale, the High Line park opened and completed the once-gritty district’s transformation. Now, new owners are redeveloping the old gas Read More