McNally Jackson bookstore on Prince Street. Image by Carl Mikoy via Flickr.
Bad news took a U-turn at the start of this year when beloved independent bookstore McNally Jackson announced that it would not be closing its doors on Prince Street in Soho after all. The news came a few months after after owner Sarah McNally, who opened the store in 2004, announced the store would be moving out of the neighborhood due to a 136 percent rent increase (from $350,000 to $850,000). The flagship location of the bookstore is not merely staying open; it will be launching new branches in Williamsburg and Laguardia Airport, and as New York Magazine reports, is on an expansion binge of sorts with stores planned for South Street Seaport and Downtown Brooklyn‘s new City Point complex.
More books for everyone
Image: Steven Pisano via Flickr.
The Department of City Planning, Manhattan Borough President Gale Brewer and City Council Member Margaret Chin announced today the launch of a six-month public engagement process addressing the future of NYC’s Soho and Noho neighborhoods. The series of public meetings and consultation with local stakeholders are an early phase in outlining a vision for the future of those neighborhoods; the city’s plans include updating what many consider outdated zoning laws, including the removal of rarely-enforced restrictions on ground floor retail tenancy and Soho’s Artist In Residence law.
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Photo of McNally Jackson via Flickr
Beloved independent bookstore McNally Jackson will not be closing its Soho location after all, the Bowery Boogie reported on Wednesday. The good news comes just a few months after the bookseller announced it would have to move out of the neighborhood, its home for the last 14 years, due to a 136 percent rent increase.
Justin Timberlake is finally saying “bye, bye, bye” to his Soho penthouse, even though that meant taking a loss on it. He and wife Jessica Biel first bought the three-bedroom spread at Soho Mews for just over $6.5 million in 2010. But after they then purchased a $20 million penthouse at celeb-hotspot 443 Greenwich in March 2017, they listed their former Soho penthouse for $8 million. Since then, they’ve had to drop the price four times, most recently to $6.35 million, meaning the duo would take a loss on the sale. Now, The Real Deal reports that Timberlake and Biel have finally found a buyer at that price who is listed in city records anonymously as “Hudson Broadway LLC.”
See Justin and Jessica’s former digs
Travis Kalanick, the co-founder of Uber who was forced to resign last year after failing to report sexual harassment allegations at the company, has purchased a Soho penthouse for $36.4 million. According to the Wall Street Journal, Kalanick now owns a full-floor duplex penthouse at 565 Broome Street, a 30-story tower, still under construction, designed by Renzo Piano. The sprawling 6,655-square-foot home features four bedrooms, three terraces, and a private rooftop with a heated pool. It was first listed in April for $40.5 million.
Take a peek at the penthouse
Photo © Martha Cooper for Goldman Properties
French street artist JR and TIME magazine have paired up for a collaborative project, “The Gun Chronicles: A Story of America,” consisting of a special issue due out on November 5, as well as a video mural to be featured in exhibits throughout the country and an interactive web feature at Time.com. The topic–the larger-than-life relationship America has with guns–needs little explanation; last Friday the “The Gun Chronicles” was installed on the Houston Bowery Wall in Soho. The building-sized cover story image is comprised of portraits photographed by the artist.
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Justin Timberlake is really trying to say “bye, bye, bye” to his Soho penthouse. He and wife Jessica Biel dropped $20 million on a flashy new penthouse at celeb-hotspot 443 Greenwich in March 2017, so a year later, they put their previous Soho penthouse on the market for $8 million. They bought the home at Soho Mews for just over $6.5 million in 2010, but in the eight months since they’ve listed it, the price has dropped four times. The Daily Mail spotted the most recent price chop, which brings the ask down to $6.35 million, meaning the power couple would take a loss on the sale.
See JT’s former home
As the old saying goes, you win some, you lose some. That’s particularly true in preservation, where sometimes in spite of the most heroic of efforts and compelling of cases, historic treasures succumb to the wrecking ball. GVSHP is frequently asked, “Which fight do you most regret losing; which building do you mourn the loss of most?” It often comes as a surprise that the answer, inevitably, is a parking garage — one which seemed to almost eerily peer into the future.
But the Tunnel Garage, at Broome and Thompson Streets, where the South Village meets Soho, was no ordinary parking garage. Built in 1922, it was a thing of extraordinary beauty, a sublime ode to the dawn of the automobile age and to the engineering marvel of its time which was the Holland Tunnel.
So, what happened?
McNally Jackson bookstore on Spring Street. Image by Carl Mikoy via Flickr.
As one of New York City’s finest all-around independent bookstores, McNally Jackson booksellers on Prince Street is a literary standby for the latest bestsellers as well as thought-provoking political non-fiction, art books, cards, magazines, readings and more. Though the shop occupies a spot on one of the city’s most highly-trafficked “High Streets,” it has endured for 15 years, long enough to be taken for granted. But that would, of course, be a mistake in the city’s current environment of empty storefronts in high rent neighborhoods because only Amazon can afford the rent. And right about the time Amazon has opened a storefront in Soho, the beloved bookseller is moving out after the rent was raised to $850,000–a 136% increase. Fear not, the owner is opening again in a new location, but unlike other, less gutsy mom-and-pop proprietors, she has no fear of being very vocal about the issue, Fox5 NY reports.
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A three-bedroom loft located in the heart of the Soho Cast Iron Historic District at 454 Broome Street has hit the market for $3.85 million. The sunlit corner space offers both southern and eastern exposures through its 13 oversized windows. In addition to 14-foot tin ceilings and built-in shelving (check out that library ladder!), the apartment has a cozy second-level loft, which is accessed by a spiral steel staircase inspired by the neighborhood’s industrial history.
have a look around