Photo by Lea.
January 17, 2013 Weather: Cloudy, High of 41 Degrees.
Free yoga, and a free Lincoln Center big band concert tonight on our calendar.
Apologies: we flubbed the date in our story about a fundraiser for the general manager of The Underground. It’s happening on Sunday, not Saturday. Also, the press release had the wrong zip code to send donations. It’s been fixed.
We hear that the building at 330 West 86th Street has sold for $6.75 million to W. Financial Fund L.P. and has already undergone some renovations. It is apparently vacant and has 10 market-rate apartments. That building was supposed to be torn down and replaced by a skinny luxury building, but after a decade-long fight the plan was killed. Activists tell us that they “remain alert” for more changes at the site.
Changes on the East side of Amsterdam Avenue between 78th and 79th Streets sparked controversy in the past few years, as numerous retail tenants were forced out by higher rents. Now the retail spaces at 383-391 Amsterdam Avenue have been sold for $12.2 million. “With strong rents and a diverse tenant base, this property was a tremendous investment for the buyer on one of the Upper West Side’s prime retail corridors,” said Massey Knakal First Vice President of Sales Guthrie Garvin…The current tenants are photography studio Classic Kids, Bagels and Co, ice cream shop Emack and Bolio, NOI Café, kids clothing store Stoopher and Boots, and Apthorp Cleaners.” Could their rents go up again? (Observer)
“The Fortuna Realty Group sold the multifamily buildings located at 215 W. 108th St. and 210 W. 109th St. in New York, NY to Tri Properties LLC for $14 million, or about $311,000 per unit… The 17,710-square-foot property on 108th St. was built in 1925 and totals 23 one- and three-bedroom apartments. The 15,944-square-foot property on 109th St. was built in 1910 and totals 22 one-, two- and three-bedroom apartments.” (Costar Group)
Whole Foods CEO John Mackey said Obamacare is akin to “fascism.” He reportedly said: “Technically speaking, it’s more like fascism. Socialism is where the government owns the means of production. In fascism, the government doesn’t own the means of production, but they do control it, and that’s what’s happening with our healthcare programs and these reforms.” I heard from one Upper West Sider who wants to boycott the high-end supermarket, but I’d bet you 100 pounds of organic beef that it’s not gonna happen. (Slate)