FINALLY, SOME NEWS ON THE BURNT-OUT CITIBANK ON 111TH STREET

citibank8

The Citibank on the corner of 111th Street and Broadway smoldered for days after a fire in 2014 and then sat empty for years. It became such an eyesore that neighbors began writing messages on the scaffolding — this week, the message was “When?”

fire 111th3.jpgWell, Assemblyman Daniel O’Donnell has an update and it should give neighbors some hope. He says the building will be restored and that Citibank will be reopening inside “thus ensuring that the landscape of our neighborhood remains unchanged.” He sent out the following timeline.

Phase I: Shell restoration – October 2016 through December 2016
* Demolition
* Building scaffolding
* Restoration of façade
Phase II: Core construction – December 2016 through July 2017
* Restoration of roof top
* Infrastructure construction, i.e. stairs, elevator and MEP installation:
Phase III: Branch construction – July 2017 through December 2017
* Build out of new branch

Top photo by Joseph Epstein. Fire photo by Kate Groob.

NEWS, REAL ESTATE | 10 comments | permalink
    1. dannyboy says:

      “thus ensuring that the landscape of our neighborhood remains unchanged.”

      that’s vistas, rivers, trees, fresh air

      or branch bank landscape?

    2. HJSZ says:

      2 years for the exact same bank…really a bank? All my dreams dashed!

    3. Z says:

      Plus when will they replace ollies on 116th/broadway! We need a new place to Goto!

    4. Lrahip says:

      Better then a 32 story tower in the same spot

      • dannyboy says:

        This is the second “It could be worse” comment i read on WSR today.

        What would it take to expect a better future for the neighborhood?

    5. akword says:

      Cibibank’s hope was to sell the site for construction of a high-end, shadow-making, crowd-making, rent-hiking high rise on that corner. This is relatively great news.

      • dannyboy says:

        “This is the third “It could be worse” comment i read on WSR today.

        Why are my neighbors resigned to decline, as if it is inevitable?

        What would it take to expect a better future for the neighborhood?

        • Uws says:

          So true…. Let’s get those bulldozers warmed up so we can turn the Upper West back into cow pasture. I miss the old neighborhood. It was friendly and just like me and my neighbors liked it. Hasn’t been the same since the cows were forced out by those evil corporations and yuppies.

    6. Ira says:

      Over 2 years to decide to stay and rebuild? Makes you wonder. They must have been trying to sell it. Nothing else makes sense. Very stupid comment from O’Donnell. Lowered my impression of him.