Wednesday, April 27, 2016

A Spoonful of Sofrito: Katz's Cut a $17M Deal With Luxury Developers To Stay In LES

A Spoonful of Sofrito: A Pinch of advice that will add a lot of flavor to your life.

Katz's Cut a $17M Deal With Luxury Developers To Stay In LES

Sofrito Lovers,

For months, Katz's Deli was on the verge of being lost to developers, but according to the article below one of NYC's most historical culinary landmarks has been saved.

Gentrification is carving its way through various NYC neighborhoods-the Lower Eastside is no exception.  Various developers have been closing mom 'n' pop businesses left and right; Katz's was almost one of those institutions.  I won't get into the details of what happened because the article explains the matter better than I could.  

Thankfully, we still have a Katz's Deli, if you haven't had their incredible sandwiches before, then get down there immediately!

Check out the article below for more information on Katz's survival.  Read and then go downtown and get the best pastrami sandwich in NYC!  ¡Buen Provecho!

Katz's Cut a $17M Deal With Luxury Developers To Stay In LES

by Serena Dai Apr 25, 2016

The business sold its air rights and neighboring lots

Katz's Deli guaranteed its stay on East Houston Street partly by cutting a deal with developers to sell its air rights and neighboring lots for $17 million, according to a report from the Times. The nearly 130-year-old family-owned deli sold air rights and two properties by the iconic 205 East Houston St. location so that developers could erect an 11-story condo building next door. "So many people in the city have a story and a connection to this place," Katz's owner Jake Dells tells the Times. "To me personally, preserving it was the most important thing."

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