Two Legacy Emporia Endangered by Rising Rents Epitomize Battery Park City’s Evolution Into a Community of Shopkeepers No More
The side-by-side storefronts of Picasso Pizza and Bulls & Bears Winery, which have been local landmarks on South End Avenue for decades, may soon be forced out by rising rents.
Two venerable Battery Park City neighborhood institutions—Picasso Pizza and the Bulls & Bears Winery—may be in imminent danger of disappearing. The LeFrak organization, the landlord of Gateway Plaza (which houses both shops), has posted listings for the two storefronts on the Newmark Retail real estate website.
Both Picasso Pizza (listed as 303 South End Avenue) and the Bulls & Bears Winery (309 South End Avenue) are nearly as old as Battery Park City itself, having debuted shortly after Gateway Plaza (the first development to be completed in the neighborhood) opened in the early 1980s. They have each survived for decades, serving successive generations of local families.
The online listing for the stores indicates that the LeFrak Organization plans to offer them as a consolidated block of space, totaling 3,805 square feet. The notice says that the Bull & Bears storefront is available immediately, while possession of the Picasso space can be “arranged.”
The listing does not specify a price for the space, but recent market analyses from real estate firm CBRE and REBNY (an industry trade group) quote a range of current retail rents in Lower Manhattan, spanning from $276 to $316 per square foot per year. This bracket would imply that the LeFrak Organization might seek annual rents for the combined space of between $1,050,180 and $1,202,380 per year, or between $87,515 and $100,000 per month.
Such a lofty valuation effectively preordains that no small business will be able to occupy the storefronts, and augurs that Lower Manhattan residents can look forward to another corporate chain displacing a pair of well-loved shops.
Between the Hammer and the Anvil
City to Spray Low Concentration of Mosquito Poison Through Lower Manhattan
This evening (Wednesday, September 28) and tomorrow, City health officials plan to spray much of Lower Manhattan with a pair of insecticides that aim to kill mosquitoes. Trucks will scatter a combination of two pesticides throughout the Financial District, the South Street Seaport, the Civic Center, Greenwich South, and parts of Tribeca (but not Battery Park City) starting at 8:30pm and continuing through 6am on Thursday morning. Read more…
Quad Erat Auferendum
Real Estate Group Proposes Redeveloping ‘Highly Coveted’ College Campus in Tribeca
The New York Building Congress (NYBC) has released a series of proposals that outline the real estate industry’s agenda and goals for coming years, one of which targets a large parcel of land that is an integral feature of Lower Manhattan’s streetscape. Read more…
Isn’t it really late to be spraying for mosquitos? And if there are no RCT studies that have been performed to prove that ANVIL is safe for humans and animals to inhale, then why are we using this product and not something that had already been studied to be safe and effective? Something seems very off.
For over 15 years The EarRegulars have had a steady gig at a fabled downtown watering hole, from which they’ve taken their name. This lunchtime performance will feature the young firebrand trumpeter Mike Davis. Free.
International cross-collaborative dance project with choreographers from six countries. The dynamic full-evening work explores identity, culture, environment, ritual, history, and community. Evenings through Saturday. $15-$20.
Powerful compilation of stories, plays, and poems performed by The Braid reveals the secrets to forgiving, and wonders…do we ever forget? Celebrate and honor the High Holidays, a time of renewal, repentance, and forgiveness, with this thought-provoking virtual performance hosted by the Museum of Jewish Heritage. $10 suggested donation.
Explore the parks of BPC, and see what makes the Lower West Side a hang-out for urban birds and migrators. Binoculars and field guides provided, or bring your own. Free.
Lower Manhattan Greenmarkets
Greenwich Street & Chambers Street
Wednesdays and Saturdays, 8am-3pm (compost program: Saturdays, 8am-1pm)
Bowling Green Greenmarket
Broadway & Whitehall St
Tuesdays and Thursdays, 8am-5pm (compost program: 8am-11am)
World Trade Center Oculus Greenmarket
The Outdoor Fulton Stall Market
91 South Street, between Fulton & John Streets
Indoor market: Monday through Saturday,11:30am-5pm
CSA pick-up: Thursday, 4pm-6pm; Friday, 11:30-5pm
Outdoor market: Saturdays, 11:30am-5pm
Today in History
Lech Wałęsa was born on this day in 1943. He is a Polish statesman and Nobel Peace Prize laureate who was President of Poland from 1990 to 1995. A shipyard electrician by trade, Wałęsa became a union activist, and was persecuted by the government. In 1980, he was instrumental in political negotiations that led to the Gdańsk Agreement between striking workers and the government. He co-founded and led the Solidarity union and movement, and then led a pro-democratic effort which, in 1989, ended the Communist rule in Poland.
Photo by Giedymin Jabłoński
1227 – Frederick II, Holy Roman Emperor, is excommunicated by Pope Gregory IX for his failure to participate in the Crusades.
1789 – The United States Department of War first establishes a regular army with a strength of several hundred men.
1864 – In the American Civil War, the Battle of Chaffin’s Farm is fought.
1911 – Italy declares war on the Ottoman Empire.
1954 – The convention establishing CERN (the European Organization for Nuclear Research) is signed.
1960 – Nikita Khrushchev, leader of Soviet Union, disrupts a meeting of the United Nations General Assembly with a number of angry outbursts.
2004 – The asteroid 4179 Toutatis passes within four lunar distances of Earth.
2008 – Following the bankruptcies of Lehman Brothers and Washington Mutual, the Dow Jones Industrial Average falls 777.68 points, the largest single-day point loss in its history.
106 BC – Pompey, Roman general and politician (d. 48 BC)
1547 – Miguel de Cervantes, author, poet, and playwright (d. 1616)
1901 – Enrico Fermi, physicist and academic, Nobel Prize laureate (d. 1954)
1912 – Michelangelo Antonioni, director and screenwriter (d. 2007)
1923 – Stan Berenstain, author and illustrator (d. 2005)
1935 – Jerry Lee Lewis, singer-songwriter and pianist
1936 – Silvio Berlusconi, businessman and politician, 50th Prime Minister of Italy
1942 – Jean-Luc Ponty, French violinist and composer
1943 – Lech Wałęsa, electrician, second President of Poland, Nobel Prize laureate
1988 – Kevin Durant, basketball forward
855 – Lothair I, Roman emperor (b. 795)
1833 – Ferdinand VII of Spain (b. 1784)
1902 – Émile Zola, French journalist, author, and playwright (b. 1840)
1910 – Winslow Homer, painter, illustrator, and engraver (b. 1836)
1913 – Rudolf Diesel, German engineer, invented the diesel engine (b. 1858)