Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Irwin Cohen, Who Turned a Factory Into Chelsea Market, Dies at 90

by Index Investing News
December 30, 2023
in Property
Reading Time: 5 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Irwin Cohen, an inventive developer who transformed a derelict factory where the first Oreo cookie was produced in 1912 into Chelsea Market, an exuberant 21st-century food bazaar that helped revitalize its New York City neighborhood, died on Monday in Manhattan. He was 90.

His son-in-law Blair Effron said he died of pneumonia in a hospital.

In creating the market, Mr. Cohen reconfigured the former National Biscuit Company plant — a complex of 17 brick buildings dating to the 1890s, filling a block between Ninth and 10th Avenues and West 15th and 16th Streets — into an industrial-chic destination for foodies and a home for video production studios.

Repurposing the plant spurred the gentrification of West Chelsea. It also contributed to the conversion of the meatpacking district, to the market’s south, into a hotbed of trendy venues; helped secure the success of the High Line, a reimagining of an abandoned elevated railroad on the market’s west flank as a verdant, ribbonlike park; and set the stage for a proliferation of high-tech firms that rebranded the neighborhood as Silicon Alley.

Mr. Cohen recalled in a 2005 interview with the Center for an Urban Future that when he purchased the West Chelsea property in 1993, “you couldn’t walk here.”

“It was controlled by prostitutes 24 hours a day,” he said. “I looked at it, and I said that my goal was to have an 8-year-old child come here by public transportation, shop and go home, and his or her parents would feel safe. And that’s how it worked out.”

Carl Weisbrod, who was president of the New York City Economic Development Corporation when Mr. Cohen bought the old Nabisco plant, said in an interview: “Irwin was one of the wisest, most thoughtful real estate developers I ever met. His specialty was creatively transforming older buildings, and Chelsea Market is a prime, one-of-a-kind example. It was a catalyst for today’s Chelsea.”

Mr. Cohen and his daughter and business partner Cheryl Cohen Effron enlisted the architect Jeff J. Vandeberg and the sculptor Mark Mennin to re-engineer the ground floor of the labyrinthine hodgepodge of buildings into a meandering 800-foot-long central concourse flanked by local vendors, including wholesalers who also sold to retail customers.

They abandoned plans to consolidate local outlets into a central flower market and decided instead to emphasize food as emblematic of the city’s melting pot.

“The idea was to take advantage of the ethnic diversity of New York,” Mr. Cohen told The New York Times in 1999.

Since the market opened in 1997, the ground floor tenants have included Amy’s Bread, Frank’s Butcher Shop, Sarabeth’s Bakery, Lobster Place, Ruthy’s Bakery & Cafe and Fat Witch Bakery.

The basement and upper floors of the building were rented to Spectrum News NY1, Major League Baseball Productions, the Food Network and the Oxygen Network.

Mr. Cohen had managed apartment buildings and sites for garment manufacturing around the city. The name of his company, A.T.C., stands for “around the clock,” the kind of environment he hoped to create.

“The building is a community, and he is the mayor of Chelsea,” Stuart Romanoff, who represented NY1 in its lease of 55,000 square feet in the building as an executive with the real estate firm Cushman & Wakefield, told The Times in 1999.

Chelsea Market’s eclectic space is punctuated by remnants of the Nabisco plant, like a waterfall gushing from a cast-iron ceiling pipe into a 24-foot well.

Mr. Cohen had developed and managed multi-tenant factory buildings in the Long Island City area of Queens since the 1970s when he and his daughter purchased the former Nabisco factory, at 75 Ninth Avenue, and a Nabisco property across the street, at 85 10th Avenue, for $14 million, with financial help from private investors. Jamestown Properties later bought a majority stake. In 2018, Google bought 75 Ninth Avenue for $2.4 billion.

In 2003, after he sold off the 10th Avenue property, Mr. Cohen and other investors bought it back for about $57 million. It was already home to Frank’s, a now-closed steakhouse, and became home to Del Posto, an acclaimed Italian restaurant opened by Mario Batali and the mother-and-son team of Lidia and Joseph Bastianich. (Del Posto closed in 2021.)

Irwin Bernard Cohen was born on Sept. 29, 1933, in Brooklyn. His father, Jack, was a tailor who had a sewing contracting business and also owned a candy store, where Irwin’s mother, Molly (Lesner) Cohen, ran the soda fountain.

After graduating from Tilden High School, he earned a degree in business from New York University in 1954 and a law degree from Brooklyn Law School in 1958, having worked as a photographer to pay his tuition. He joined a law firm that was a pioneer in real estate syndications.

In 1957, Mr. Cohen married Jill Framer; she died in 2017. In addition to his daughter Cheryl, he is survived by two other daughters, Cindy Zuckerbrod and Cathy Lasry; 17 grandchildren; and 14 great-grandchildren. His siblings Bob, Norman and Gloria died before him. He lived in Manhattan.

Inspired by a shark aquarium that he saw in a Las Vegas hotel, Mr. Cohen hoped to make waiting for elevators at Chelsea Market less tedious by installing overhead tanks with transparent bottoms that provided unobstructed views of congo eels, salamanders, African jumping frogs and crayfish squirming, entwining and sometimes devouring one another. Asked in 1997 why he wanted reptiles rather than more commonplace aquatic creatures, he replied, “Anyone can do fish.”

Two years later, though, he acknowledged that the reptilian display might have been one — perhaps the only — design experiment at the market that was a trifle too exotic. The eels and salamanders and frogs and crayfish were replaced by more prosaic tropical fish.

“The other ones ate each other,” he said.



Source link

Tags: ChelseaCohenDiesfactoryIrwinmarketturned
ShareTweetShareShare
Previous Post

What Is a Good ROI on Rental Property? (Factors & Tips)

Next Post

Every European club to win five trophies in a single calendar year

Related Posts

WA renters, landlords put together for brand new cap on lease hikes

WA renters, landlords put together for brand new cap on lease hikes

by Index Investing News
May 24, 2025
0

A monumental change hit Washington’s rental market this month, one within the works for years: caps on lease hikes.However what...

Magnificent Spanish Mediterranean Property within the Coronary heart of Denver

Magnificent Spanish Mediterranean Property within the Coronary heart of Denver

by Index Investing News
May 24, 2025
0

6 Ivy Lane, within the Outdated Crestmoor neighborhood, is well recognizable by its iconic blue tile roof and Spanish Mediterranean...

New-home gross sales climb practically 11%, however figures could also be ‘overestimated’

New-home gross sales climb practically 11%, however figures could also be ‘overestimated’

by Index Investing News
May 23, 2025
0

Gross sales of newly constructed single-family houses rose in April, pointing to continued purchaser engagement through the spring homebuying season,...

Goodyear to Promote A part of Chemical Enterprise for 0M

Goodyear to Promote A part of Chemical Enterprise for $650M

by Index Investing News
May 24, 2025
0

This 640,000-square-foot property situated in Akron, Ohio, serves as Goodyear’s headquarters. Picture courtesy of Goodyear Goodyear will promote nearly all...

Seattle Metropolis Council advances on controversial ethics invoice

Seattle Metropolis Council advances on controversial ethics invoice

by Index Investing News
May 24, 2025
0

A Seattle Metropolis Council committee voted 2-0 Thursday, with three abstentions, on a controversial revision to town’s ethics code, permitting...

Next Post
Every European club to win five trophies in a single calendar year

Every European club to win five trophies in a single calendar year

German police search Cologne Cathedral after security threat | News

German police search Cologne Cathedral after security threat | News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Trump Is Saving Biden From the Hunter Laptop Scandal

Trump Is Saving Biden From the Hunter Laptop Scandal

June 30, 2023
drinks firms push bottled cocktails for the holidays By Reuters

drinks firms push bottled cocktails for the holidays By Reuters

December 23, 2023
21 Finest Strolling Sneakers for Girls in Summer time 2022

21 Finest Strolling Sneakers for Girls in Summer time 2022

June 5, 2022
Last wild Atlantic salmon in the U.S. can coexist with dams, feds say

Last wild Atlantic salmon in the U.S. can coexist with dams, feds say

March 21, 2023
US Trailer for Body Swap Sci-Fi Romance ‘Skin Deep’ from Germany

US Trailer for Body Swap Sci-Fi Romance ‘Skin Deep’ from Germany

January 10, 2024
Oops She Did It Again and Again! The Seven-Least Covered Kamala Blunders

Oops She Did It Again and Again! The Seven-Least Covered Kamala Blunders

September 12, 2022
Purchase the September dip in shares because the market heads into the very best 3-month stretch of the 12 months, strategist says

Purchase the September dip in shares because the market heads into the very best 3-month stretch of the 12 months, strategist says

September 7, 2024
Why Are Ross Stores (ROST) Shares Soaring Today By Stock Story

Why Are Ross Stores (ROST) Shares Soaring Today By Stock Story

November 17, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In