Posts Tagged NYU
The popular coffee house Irving Farm Coffee Roasters is making its way to The Village with its ninth New York City shop, in a 3,500-square-foot space.
The signed lease will span 15 years for the two-story corner location at Thompson Street, just one block from Washington Square Park. It is considered the heart of New York University’s Greenwich Village campus, as well as a center of the general neighborhood.
The space was recently renovated in total and the asking price for rent was $200 per square-foot. The neighborhood can expect to see the doors open sometime this coming spring.
The rental was in great demand, according to Peter Braus of Lee & Associates, the representative of CEJ Properties, the landlord. Irving Farm was attracted to the space by its “outstanding location,” and is destined to be “an amenity for both the Greenwich Village community and New York University’s student body.”
“A large-format cafe will be a great addition to this neighborhood,” said Matthew Schuss of Winick Realty Group, which represented Irving Farm. He added that Irving Farm is looking forward to serving “the large NYU student population” and Greenwich Village at large.
Last year a lower court ruled that some parts of the plan would need legislative approval because of the parkland conflict. However, an Appellate Division court later reversed that decision, and on Tuesday the New York State Court of Appeals agreed. They said that just because “a portion of the public may have believed that these parcels are permanent parkland” does not mean NYU can’t build there.
The NYU expansion plan will create new high rise buildings on two blocks between West Third and Houston Streets and La Guardia Place and Mercer Street.
NYU spokesperson John Beckman expressed satisfaction with the court’s decision.
“We look forward to moving ahead with the project, which is vital to meeting NYU’s pressing academic space needs,” Beckman said.
The director of the Greenwich Village Society for Historic Preservation, Andrew Berman, was less happy.
“We are deeply disappointed, not only because of the effect this will have in terms of green-lighting NYU’s massive expansion plan, but also in terms of undermining the protection of public park land.”