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Blogger Jeremiah Moss said...

utterly depressing.

and i envy getting a new apartment for 10 bucks. though i don't envy being in that position.

June 12, 2011 at 11:56 AM

Anonymous blue glass said...

and where will they be "sent" for the two years of construction? will the developer pay the rent, and the storage etc?

June 12, 2011 at 12:28 PM

Anonymous Marty Wombacher said...

I wondered the same thing blue glass asked. I really dread seeing the Mars Bar torn down. It kind of represents the end of everything I moved here for.

June 12, 2011 at 1:07 PM

Anonymous Lux Living said...

I've had the honor of being a guest at Mr. Vaccaro's place a few years ago. He cooked myself, my boyfriend and Penny Arcade a wonderful dinner. His apartment is charming and very well maintained considering the age of the building. He is a legend and I hope they treat him well. It's so sad to see the character of our neighborhoods stripped away one block at a time like a cultural holocaust.

June 12, 2011 at 2:36 PM

Anonymous Anonymous said...

My guess would be that the developer hopes that in two years the current residents will have got bored waiting/have died off.

Wonder if they can will the future apartment to their next of kin.

June 12, 2011 at 6:33 PM

Blogger VH McKenzie said...

@blueglass - a serious question. This is an eerily familiar scenario.

I bought my co-op apt. back in '89 from developers/sponsors who "bought" my building from the city for a $1.00 and then renovated it. It was a decent renovation (no shortcuts, quality materials, etc.).

There was a handful of squatters in residence at the time the sponsors purchased the building from the city. The squatters apparently agreed to leave for the duration of the renovation in exchange for the promise of an apartment once the renovation was complete. Much like the "purchase an apt. for $10" scenario cited in this article.

So, where did those squatters go during the renovation? Well, they BORROWED money from the developers/sponsors so they could pay rent and live somewhere else.

Big mistake.

When the building was finished and they showed up to collect their "free" apartment, they had to pony up the money they had borrowed for their interim rent elsewhere first.

Which none of them had, of course.

It took years of lawsuits on both sides for the dust to settle.....

June 12, 2011 at 7:35 PM

Anonymous blue glass said...

v h mckenzie -
technically the squatters had no right to apartments. if they had rights the developer probably would have given them space (not necessarily free) while they "waited". if they had rights (as does mr vaccaro), the place the developer offered might have been in another neighborhood where they had no roots, or a less desirable apartment, or many other options that were temporary and not at all home, although at a comparable rent to what they were paying (zero for squatters), until they finished the development.
however, for mr vaccaro, moving after living in one place for over 50 years will be a very traumatic event.

June 12, 2011 at 11:29 PM

Anonymous Anonymous said...

Umm, on a lighter note the crime rate is going up in our hood b/c of the economy ruined by the yuppies moving in. I have a better story about a home grown N.Y family raising their kids in the same city they grew up in..they opened a fantastic restaurant in the old Raven spot. And btwn 12 and 7 drinks are 5 bucks, just like Mars bar, yet with a clean bathroom and no transplants complaining about gentrification. I love reading "not the NY I knew when I moved here", the NY my great-great-great Grandfather moved to had signs in their windows that said "Irish need not Apply". Get over it, or better yet move somewhere else!

June 13, 2011 at 3:01 AM

Anonymous glamma said...

jesus. it's like reading the obits today, these posts...

June 13, 2011 at 10:42 AM

Anonymous Anonymous said...

I lived on 11th and 2-3rd ave. all nineties, there were great bars and fantastic live music for 5-10 bucks, by 2002 the neighborhood became like soho after all artists moved out. I think its too late for hold out like this, east village is on its way to be part of upper east side.

June 21, 2011 at 2:38 PM

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