New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
NYC Budgets $80M to Rebuild Chinatown Landmark
The de Blasio administration recently announced $80 million in funding to rebuild 70 Mulberry St., the Chinatown landmark that was heavily damaged by fire in January. The city will also create an advisory committee—including the building’s tenants—to support community engagement, and launch a three-month visioning process to gather public input about the future of the site.
The administration will explore available options to preserve the existing structure and seek to build consensus about the rebuilding process. To date, the city has participated in extensive conversations with the local community board, elected officials, building tenants, small business owners, and the public about 70 Mulberry’s future.
“In January, Chinatown lost the beating heart of its community: 70 Mulberry St.,” said Mayor Bill de Blasio. “We’re working hand-in-hand with the community to preserve this building’s rich history and bring it back to life again.”
Photo courtesy of the Museum of Chinese in America.
For comments, questions or concerns, please contact Paul Bubny
