Last summer, excavation kicked off at 438 East 12th Street, in the East Village, where a six-story, 82-unit mixed-use building is under development by Douglas Steiner. Then in December, the developer secured a $130 million construction loan for the project. The Real Deal now reports the project has received approval from the Attorney General’s office, putting the valuation of the project’s 82 units at $215 million. When completed in 2017, the 151,943 square-foot building will have 8,376 and 961 square feet of ground-floor retail and medical offices, respectively. The units above will average 1,315 square feet apiece, and will come in one- to four-bedroom layouts. The amenities, located on the ground and cellar levels, will include a pool and spa, a gym, a library, and a children’s playroom, as well as courtyard and rooftop gardens. Perkins Eastman affiliate S9 Architecture is the designing architect and Paris Forino is designing the interiors.
Property owner Terry Martinolle, doing business as an anonymous LLC, has filed applications for a seven-story, five-unit residential building at 650 East 6th Street, located in the Alphabet City section of the East Village. The 8,491-square-foot project will include 7,761 square feet of residential space, which means units will average 1,552 square feet apiece, indicative of condominiums. A duplex apartment will occupy part of the ground floor and the entire second floor, the third through fifth floors will have one unit on each level, and a duplex unit will span the sixth floor and seventh-floor penthouse. Brooklyn-based RSVP Architecture Studio will be responsible for the design. An existing four-story, three-unit building must first be demolished.
In the beginning of 2015, YIMBY reported on filings for a 12-story, 108-unit mixed-use building at 79-89 Avenue D, in the Alphabet City section of the East Village, and now DNAinfo reports the development is moving forward. Earlier this month, Rite Aid was the final tenant to move out of the property assemblage, and within the past few days, L+M Development Partners filed demolition permits to raze the single-story retail buildings. The project will include 22 affordable residential units as well as 7,693 square feet of ground-floor retail. Also, all the residential units will be rentals and should average 821 square feet apiece. GF55 Partners is the architect of record.
Icon Realty’s six-story, two-unit residential building under construction at 327 East 9th Street, in the East Village, is now receiving its façade, per EV Grieve, after a long three years of construction. The project topped out earlier this year and measures its full 7,200 square feet. According to the Schedule A, units should measure roughly the same area. Issac & Stern Architects is behind the design.
In the beginning of last September, Urban Muse’s 13-story, five-unit mixed-use project at 347 Bowery, in the East Village, was a story above street level, and now the building is eight stories tall, per EV Grieve. The website has also revealed a rendering of the project, which is being designed by Annabelle Selldorf. Three- to five-bedroom condo units will range from 2,100 to 4,000 square feet, and three retail units will take up 10,800 square feet of space in a two-story base. Completion in is likely to occur in 2016.
Last summer, construction kicked off at 64 East 1st Street, in the East Village, where MGM Property Group and Ekstein Development are building a six-story, six-unit residential building, and now steel-frame construction is up to the third floor, according to EV Grieve. The full-floor condominiums, which average 2,185 square feet, will have two-bedroom configurations and outdoor terraces. GF55 Partners is designing, and completion is expected in 2016.