Exhibit 18 238 Union Street
Exhibit 19 238 Allen Street
Wednesday, August 3, 2011
Galloway Gallery: Exhibits 18 and 19
Eric Galloway continues his acquisition of property in the First Ward. These two houses, both purchased by Galvan Partners LLC within the past three or four months, coincidentally have the same house number but are located on different streets.
Exhibit 18 238 Union Street
Galvan Partners LLC now owns, according to our count, six houses and two vacant lots (one the size of three traditional building lots; the other already subdivided into four lots and new construction has begun) on lower Union Street, but 238 Allen Street is only his second acquisition on Allen Street in the First Ward. The first was 250 Allen Street.
Exhibit 18 238 Union Street
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Years ago, in the early 80s two competing "developers" bought up huge swaths of Hudson. Both of them forced values up to amazingly ( for then) high levels. After acquiring, it was said, more than 100 properties between them, both quite suddenly went bankrupt and their properties were disposed of at fire sale prices. Curiously,one of them, the most flamboyant of the two, lived in the Allen Street house that Galloway perhaps calls Tara.
ReplyDeleteAnother reader, whose history with Hudson goes back to the 1980s, sent this comment:
ReplyDeleteActually ... the occupant of 'Tara' at that time was a lesser player, not the principal player in the real estate speculation of the late '80s, who lived more modestly but handsomely a couple of doors away on Allen Street. The other principal player of the time (who I worked with) lived in an even grander maison (since removed) in Claverack. An era of conversion and speculation that left many of us dizzy at the time!
I speak of Marion Ornstein who did indeed live in Tara
ReplyDeleteYou are correct, of course, in saying that the major player--was it Marty?-- Gottlieb -lived down the street (in ET's current house). He claimed to be the major money though wasn't it also rumored that he was also fronting money that came from an even more hidden Brooklyn lawyer?- The lesser player-- the front man, as it were, for all of this but who presented herself as the king pin and always claimed she was a moneyed interest in the speculation, was Marion Ornstein who lived with her artist husband and her Jaguar --car that is-- in EG's current manse and did some things to it the interior that appalled. And as you say, Barry Sirmon lived in Claverack in a tremendously historic and early house that he moved, lock, stock, and brick, to everyone's outrage, into the country.
ReplyDeleteI was incorrect in saying Gottlieb it was Martin Glickman ( and Marion Ornstein Harshman)--but no matter, their real estate adventures ended and vanished and HUdson survived.
ReplyDeleteWhile on the Marion subject: she ended up living in the carriage house behind the mansion with her hubby and wintered in the Dominican Republic. All wills left their 'gettings' to each other and their daughter. The son was left out for bad behavior. As justice sometimes has it's day, Marion, hubby and daughter all died within a relatively short time of each other ... sonny boy ended up inheriting it all - none of what he wanted - it was all liquidated.
ReplyDeleteEllen Thurston submitted this comment:
ReplyDeleteDear B&B in France: You are right in saying that I live in the (carriage) house once occupied by Martin Glickman and that Marion Orenstein was his partner. They also owned the Opera House and sold it to a group of citizens in...was it 1992?
--Ellen
The money behind Mr. Sirmon's many overpriced acquisitions was his wife's family in Boston. The purchase of land in Livingston and subsequent moving of the Dutch Colonial was financed by his covert redirecting of said family's money.
ReplyDeleteFor which he was duly taken to court and stripped of all assets save "a waste basket and a 3-hole punch" (Register Star).
and while we're on this delightful bone of Hudson history...
ReplyDeleteSirmon actually built a replica of the purloined Colonial behind a thick clump of trees near the original, under ownership of his mother. When the 'Bostons' unraveled his scheme, as he knew they would, he merely toted his Breville tea maker and Orvis boots across the meadow.