Katz's Is Selling Its Air Rights, But Promises Pastrami's Safe

The much beloved 126-year-old Katz's Delicatessen has sold the air rights over its corner location, but co-owner Jake Dell, promises "at no point will anyone value the corner of Houston and Ludlow for anything other" than the holy seat of pastrami. While the details of the deal remain shrouded in mystery, Dell assures the Lo-Down, which broke the story, that Katz's will "not be closed for a single day." Something may be built over the existing structure or the rights could be transferred to an adjacent lot. What seems most likely is that the massive development coming to that block (which forced the shutter of Bereket and others) is buying the rights so that it can build a taller than planned building, or in some way cantilever over Katz's.
· Breaking: Katz's Deli Makes a Deal to Sell Air Rights; Restaurant Will Remain [The Low Down]
· All Coverage of Katz's [~ENY~]