Just north of the Financial District, ironically enough. According to a Forbes magazine analysis, the zip code 10013, which covers most of Tribeca (as well as some of Soho, Little Italy and Nolita) is the most expensive within New York City and the 14th most expensive nationwide.

After three years of court fights with booze- and noise-wary neighbors over its liquor license and live music program, embattled Lola restaurant at 5-15 Watts Street has filed for Chapter 11 bankruptcy protection.

In addition to mounting unpaid legal bills -- nearly $100,000 and counting -- proprietors Gayle Patrick-Odeen and Tom Patrick-Odeen also owe landlord Vornado Realty more than $100,000 in back rent, "as a result of [their] inability to generate significant income from [the restaurant's] trademark live performances," according to court papers.

On Aug. 20, Vornado threatened to terminate the restaurant's 15-year lease if the money was not paid in full. The restaurant has filed for bankruptcy in order to "preserve its valuable leasehold interest," the court papers show.

The restaurant is now "holding 3 nightly performance sets in hopes of successfully rebounding from their financial setbacks."

Michael O'Connell, scion of Red Hook real estate mogul Greg O'Connell, is taking charge of a project to move the recently closed Cheyenne diner from its Chelsea location to a seaside spot in Brooklyn.

Mr. O'Connell, 37, has worked on developments with his father since he was 7. "It's hard to do anything on my own, my dad and I do pretty much everything hand and hand," he said. "But, yeah, this was definitely more my idea, and I'm taking the lead on this."

The Cheyenne was forced to close this April to make way for a nine-story apartment building being erected by the diner's landlord, George Papas, at 33rd Street and Ninth Avenue.  read more »

“We’ve been suffering ever since they moved in [six years ago],” said Sean Sweeney, director of the SoHo Alliance and Greene Street resident, who ticked off a litany of complaints ranging from noise from steam cleaning the façade in the middle of the night or from the HVAC equipment on the roof to the hordes of people who line up for new gadgets — and allegedly leave behind heaps of trash.

The final straw — which prompted Sweeney to fire off a letter this week to elected officials — was last Tuesday’s Jonas Brothers concert held at the store, attracting thousands of screaming tweeners for several hours to Sweeney’s block “like it was Shea Stadium and the Beatles.

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Self-described "die-hard rock fan" Mayor Michael Bloomberg joined music legends Billy Joel and Clive Davis today in announcing the development of a new 25,000-square-foot annex to the Rock & Roll Hall of Fame, located at 76 Mercer Street in Soho.

The new annex, opening in November, will include such priceless artifacts as Johnny Ramone's Mosrite guitar and the graffiti-clad phone booth from defunct legendary rock club CBGB.

"We're in a landmarked area of great cast-iron buildings," Joel Peresman, president and CEO of the Rock and Roll Hall of Fame Foundation, said of the location, which was picked "for a variety of reasons," he added.  read more »

In an interview with New York magazine today, Rockstar Games mogul Dan Houser talks about his inspirations for the godly New York video game Grand Theft Auto IV: "You've got the angry sleeping-pill-popping sort of Sex and the City type woman, you know, whose looks are just beginning to fade ... The people in Soho are expensively dressed and into shopping and vacuous in their own way."  read more »

Embattled Soho restaurant Lola will just have to make do without live music, the State Liquor Authority informed the eatery's owners on Thursday.

Proprietors Tom and Gayle Patrick-Odeen have said that their business—which has been the subject of a nasty, three-and-a-half-year legal dispute with neighbors, who have protested the place's right to sell booze—is "struggling" without live performances.

The couple recently told The Villager that they were "hanging on by a thread."

Live music had been a staple of the drinking and dining experience at the couple's prior location on West 22nd Street. But upon moving to the corner of Watts and Thompson streets, the duo initially applied to play background music only.

The owners insist that this was a clerical error and that the application was later "orally amended" by the SLA.  read more »

Donald Trump shares how he won the battle to build the Trump SoHo condo-hotel at Varick and Spring streets in his new book, Trump Never Give Up: How I Turned My Biggest Challenges Into Success (out about six weeks ago from Wiley).

Mr. Trump recounts how he marched against a rabble-rousing minority:  read more »

It's barely two months into 2008, and the Trump SoHo condo-hotel on Spring and Varick streets has already weathered a fair share of obstacles and still managed to sell over half the units. First, one of Donald Trump's development partners was implicated in some shady financial dealings. Then construction worker Yuriy Vanchytskyy died in a tragic accident at the building site only a month after opponents of the 44-story tower had railed against the pace of construction.  read more »

Just shy of a year since it went to contract, SoHo's 600 Broadway closed for $71 million--more than $1,000 a square foot. We broke the news last year that a group of investors lead by Alex Adjmi bought the six-story home of Pottery Barn from Enterprise Assett Management, and today the Jan. 16 deed was filed in city records.  read more »