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Arabella 101 on Avenue D Almost 100 Percent Full

Suzanne Rozdeba

Arabella 101, the new rental building that began leasing apartments last August, is almost filled to capacity on Avenue D, where luxury apartments and new businesses are quickly and dramatically changing the landscape.

Today The Local got a tour of the 78-unit building, located at 101 Avenue D between 7th and 8th Streets, where only three apartments are still up for grabs. Green, and seeking LEED certification, Arabella 101 offers studios for $2,400-$2,995 a month, and one-bedroom apartments for $2,800-$3,400 a month (although half the units are at an “affordable” rate).

The apartments, which feature bamboo flooring and stainless-steel Whirlpool appliances, are located above The Lower East Side Girls Club. Sean Sorise, the property manager for the building, being developed by The Dermot Company, said they plan on co-hosting events with The Lower East Side Girls Club, and building a “strong partnership” together. Read more…

Kim’s Video to Open ‘Alternative and Interactive’ Pizzeria on Avenue D

101 avenue dNicole Guzzardi 101 Avenue D

If you read this week’s Voice and thought Yongman Kim’s scheme to relocate the entire Kim’s rental collection to Sicily was pie-in-the-sky, get this: the Kim’s Video mogul tells The Local that he plans to open an “alternative and interactive pizza store” on Avenue D.

Kim’s Video Makes a Pizza, as the venue will be called, will be located at 101 Avenue D, in a new building facing the Jacob Riis Houses that is home to the Arabella 101 rental apartments (it’s also the future home of the Lower Eastside Girls Club).

Mr. Kim said the pizza parlor and wine bar would “intermix the new business and the old using the Kim’s Video mentality and personality.”

If that sounds similar to Two Boots, Mr. Kim thinks otherwise. “My restaurant would be a full-sitting restaurant where young and night owls gather and talk about music, films, art and other cultures,” he told The Local.

The switch to pizza follows what Mr. Kim said was a decline in the video business that started in 2001 and worsened in 2005. “Digital has hurt my business and so has the Internet. It is what caused me to close most of the Kim’s locations,” he said, adding that he had tried, unsuccessfully, to go digital in 1994 (well before Netflix, he pointed out). “I was preparing the Internet venture side of my business. I organized my team and it didn’t work,” he said. “It failed over and over again.” Read more…