The Real Deal New York

Neighborhood Dive:
A close look at the Lower East Side

With a new development selling at $4,000 a square foot,
the area has come a long way from pushcarts
By Kerry Murtha | December 01, 2014 07:00AM

  • LESider

    Wow, $4,000 / SF on the LES. I remember when the bowery was full of winos and tompkins square park was so scary I wouldn’t walk near it at night. Times have changed!

  • REGURU

    Ha. It still has pushcarts but the food is better now…

    • New York John

      :) The food was never really that bad…

  • Eric_Lee

    40 Bond Street is one of the most iconicand creative residential buildings in New York City. It probably makes the whole street worth $500 per square foot more than the next street over.I don’t doubt that Ian Schrager could do for the Lower East Side what he did for NoHo.

  • New York John

    Oh boy, has the neighborhood changed since I lived there in 79′. The streets
    literally looked like a scene out of the ’71 film The French Connection. Prostitutes
    still walked the street and the only thing stopping cars from rolling into the river were square cut logs that ran the length of the embankment. Storefronts would pose as legitimate, but would openly sell illegal drugs. This once dilapidate part of New York is now coming into its own, and I think part of the reason is because of the great things the East River Partners are doing.

    • m.anderson.12

      This is spam for ERP. You didn’t live there in 1979. Unless you were homeless. Plus there were no prostitutes walking the street, either. Nice try.

  • Condo Man

    To think that the Bowery, which marked the eastern border of the slum of “Five Points”, was once the turf of one of America’s earliest and most violent street gangs, the Bowery Boys. This city is changing for the better, and much of the credit goes to Jody Kriss for the fine development of this area.

    • m.anderson.12

      Funny you should mention street gangs, with Jody’s involvement with the Russian Mob. http://www.jodylkriss.com

  • Jill

    At the end of the day it comes down to the
    quality of the property, and Jody and the East River Partners know the
    importance of detail. Check out some of the great property they have: http://eastriverpartners.com/

    • Steve

      I definitely agree with you Jill. East River Partner’s projects here in Park Slope, Brooklyn NY is amazing. Thanks to their great renovations, real estate values here have increased.

      • m.anderson.12

        Isn’t that one of the properties where a tenant fell through the roof and had a laundry list of things wrong with the property that weren’t being addressed by Jody or East River?

    • m.anderson.12

      Wow, Jill, that sure does read like an advertisement for East River Partners. I can do that too, but with the truth.

      • m.anderson.12

        At the end of the day it comes down to the quality of the property, and Jody and the East River Partners know the importance of lining their pockets. Check out some of the great lawsuits that they’ve faced: http://eastrriverpartners.net/

  • WilliamR

    The Bowery was literally New York City’s “Skid Row,” filled with homeless drunks, the “Bowery Bums.” I wouldn’t go there if you paid me. Now, after reading this, I’m
    thinking about moving in. It looks amazing!

    • m.anderson.12

      I’d think twice before moving into an East River Partners property, especially with the legal isues they have ben running into regarding putting tenants in danger.

      • m.anderson.12

        Look at the conversation between myself and the Stevens’ above with more information about this. Don’t believe the hype/

  • Jack Bowers

    I just checked on Jody Kriss’ LinkedIn page and found some great information on him at https://www.linkedin.com/in/jodykriss. This guy is really doing a great job in developing residential areas in New York City. I’m just wondering if they would be doing some projects outside NYC?

    • m.anderson.12

      You seriously just linked to a relatively-blank LinkedIn page and said there’s a lot of great information about him? I think you just got hired to try and boost good links about Jody above the truth.

  • Freddy

    Jody’s got a lot of great things in the works and he seems like a cool, really down to earth guy. Check out this article to see what I mean: http://nyrej.com/64897.

    • m.anderson.12

      Jody’s got nothing going for him. That article is old. Since then, so much has hit the fan that it’s not even funny. Google his name and find out more. Unless this is some kind of spam shill.

      • m.anderson.12

        And to top it all off “Freddy” it seems like these positive comments are just to try and boost the links for the first few pages of Jody’s results. Pathetic.

  • The Stevens

    Me and my family have been looking for a great neighborhood in Brooklyn, NY. After checking out http://eastriverpartners.com/ great projects in Park Slope. I think we may finally have found the right place for us to call home.

    • m.anderson.12

      Yeah, I wouldn’t do that if I were you. http://jodykriss.com/jody-kriss-hiding/. Unless you have chidren you’re looking to get rid of.

      • The Stevens

        Wow, I didn’t even know about that. But the families were paid off? $800,000 per family?

        • m.anderson.12

          Yeah, but is it worth it to have the child exposed to lead paint and other irritants, and to be driven from your home unwillingly?

          • The Stevens

            Wasn’t this a one time thing, though? Surely, with eight buildings in the works right now, one out of eight isn’t that bad of a number.

          • m.anderson.12

            No, try two out of eight. Some guy named Brun fell through his floor and was constantly harassed by Jody Kriss, in a completely differnt building. And that’s two that are known right now. Who knows about the other six.

          • The Stevens

            Wow, that’s pretty ridiculous, you’re right. I take back what I said. Wharton should be ashamed that a graduate mouth breather like Kriss is running around soiling their name.

          • m.anderson.12

            Here’s another source about the families from a slightly more reputable, less Kriss-based news source: http://www.jewocity.com/blog/jody-kriss-scandal-prone-developer-sued-again/13188

          • The Stevens

            What is this about?: “Meanwhile, Kriss gas been described in various other court filings as “a serial litigant” who “uses the court system to repeatedly sue and extort innocent [parties].”

          • m.anderson.12

            Kris has multiple lawsuits up in the air right now regarding his former co-workers. He’s trying to extort thousands of people all over the country out of billions of dollars with no real reasoning behind it. It’s a shady racket.

          • The Stevens

            I just read that he hired someone to beat up one of those coworkers as well? WTF? http://nypost.com/2014/03/16/mob-rat-says-business-partner-tried-to-nail-him -over-2-5m-suit/

          • m.anderson.12

            Jody Kriss would beat up his mother if it stood even an inkling of a chance to make him any form of a profit. I met the guy once. Shell of a monster, I’m telling you.

          • The Stevens

            Shell of a monster?

          • m.anderson.12

            He’s smart, very smart. But no common sense. He acts like he is untouchable. And that’s just from a ten minute conversation.

          • The Stevens

            Was this before or after the lawsuits and the schemes began?

          • m.anderson.12

            I guess technically it was during. It was during a real estate developers conference in Manhattan I believe. But I may be getting my dates mixed up.

          • The Stevens

            Hiring someone to beat up a former coworker with mob ties to send a message, when he himself has mob ties… that sounds like something straight out of a crime movie. Why is this guy not in jail?

          • m.anderson.12

            Your guess is as good as mine on that one, honesty. He’s gamed the system and sued like crazy, and all it’s gotten him is a loss for his company. Heck, the article he sued about is still up!

          • The Stevens

            And it was that young blogger Lombardi he sued, correct? What ended up happening with it. I read that it was settled.

          • m.anderson.12

            There’s a lot more information here: http://jodykriss.com/court-documents/kriss-v-lombardi/. About al cases at http://www.jodykriss.com too.

          • The Stevens

            Thanks for the links.

  • Sam

    Real estate developments and projects like these in New York City has tremendously increased the property value of most residential areas. We do need more people like Jody Kriss to develop our areas. Keep up the great work guys!!

    • m.anderson.12

      You’ve got to be kidding me. One quick Google of the guy can tell you everything you need to know about him, Sam. Mob ties, lawsuits out the wazoo, and his company is getting sued left and right for mistreatment.

      • m.anderson.12

        Not only that, but some of the lawsuits he ahs ben throwing down are incredibly extortion-based. He sued ablogger for $20 million for stating his opinion. But hey, we need more people like him to develop our areas!

  • Brian

    Does any one know when 179 Ludlow is scheduled for completion?

    • Hotsheet

      2016 I believe.

      • irobot

        umm. who said that?
        I would be really surprised to see it done before 2017.
        126 Callowhill took 4 years after all the delays.

  • Hotsheet

    Rents are going up!

    • David Brown

      Yeah.
      4.1% isn’t enough to catch up for the loss.
      Here’s to a better 2015!

  • David Brown

    Who ever thought Louis would get a quote?
    Really?
    “The most worrisome trend?”
    sheesh.