This Week in Review
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
1. Webster Hall Is Landmarked: The Landmarks Preservation Commission voted on Tuesday to landmark the historic East Village music venue Webster Hall, as well as four other buildings across Manhattan, the Real Deal reported. The other East Village sites to receive landmark status were Beth Hamedrash Hagadol Anshe synagogue, the Elizabeth Home for Girls, and the Free Public Baths of the City of New York.
2. Paterson Taps New Development Chief: The president of the Lower Manhattan Development Corp., Avi Schick, has been tapped by the administration of newly appointed Governor Paterson to serve as acting chief executive of the Empire State Development Corporation, the New York Times reported. His appointment follows the resignation of the agency’s top official, Patrick Foye, who was criticized for his decision to scrap the planned expansion of the Javits Convention Center.
3. Residential Hotel May Rise at WTC: Now that JPMorgan Chase & Co. has scrapped plans to move into the former Deutsche Bank building at ground zero, the Port Authority is considering building a mixed-use project or a residential high-rise at the site, The New York Sun reported.
4. Former Hotel Executive Buys In Soho: The former president of Morgans Hotel Group, Walter Edward Scheetz, has purchased an apartment at 20 Greene St. in SoHo for $10 million, the Real Deal reported. Mr. Scheetz resigned from the hotel company in September after a 24-year-old woman, Michelle Hatchel, was found dead of a drug overdose in his Las Vegas apartment.
5. Renters seek No- Frills Homes: The rents for one- and two-bedroom apartments dropped in February, while rents for studios increased, according to a study issued yesterday by the Real Estate Group. The study also found that rents at doorman buildings have fallen this year compared with last, while rents at non-doorman buildings increased during the same period.
6. Solow’s East River Plan To Get Council Nod: The City Council is expected to approve developer Sheldon Solow’s plan to build seven towers on the East Side, now that the $4 billion project has received unanimous approval from the council’s Land Use Committee, the New York Times reported. The developer has spent more than seven years and $100 million demolishing and cleaning up the 9-acre site on the East River, which he bought for $630 million.
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