One preservationist-angering aspect of CIM Group's redevelopment of the Drake Hotel site was the acquisition and planned demolition of some nearby townhouses on East 57th Street. Bad news, historic townhouse fans: luxury jeweler Buccellati, the occupant of the townhouse at 46 East 57th Street, is giving up its lease. The store, which has already closed, will relocate to 810 Madison Avenue. CIM now controls every townhouse from 42 to 50 East 57th Street except for 48. Stay strong, friend! [NYP]
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