Last empty vacant lot in SoHo to be filled

The empty corner lot at 144 Spring St. at the southwest corner of Wooster Street that has been home to a ramshackle flea market for at least 20 years is trading this week for nearly $30 million, area sources said.
Ralph Bartel, the billionaire founder of Travelzoo and major investor in Lanvin and Devi Kroell, is buying the lot from an entity owned by Centaur Properties to erect a multilevel retail building for one of his brands.
The lot is diagonal to the Chanel store that recently expanded and renewed for another 10 years and is the last vacant mega corner in SoHo. The 100-foot by 20-foot lot can host five stories plus one below grade to make a 12,000 square-foot spread.
Michael Glanzberg and Christopher Owles, co-principals of Sinvin Real Estate, whose property listing shows drawings of a proposed building that includes a roof terrace, confirmed a sale is in progress and that they are representing both sides of the deal. They declined to comment further.
None of the Travelzoo, Lanvin or Devi Kroell press reps returned messages.

Story by NYPOST
Photo by theweblicist.com

Written By
More from SOHO NYC

CAMPER AND ARCHITECT SHIGERU BAN UNLACE THEIR HOUSE OF SHOES

BY Pete Davies A mix of shoe-lovers and archi-freaks turned out for the...
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *