The Ascend Group has acquired the eight-story, 44,000-square-foot former nursing home and individual landmark at 228 East Broadway, the four-story, 16,000-square-foot office building at 232 East Broadway, and the vacant plot at 226 East Broadway, all for $47.5 million. Plans for the Lower East Side assemblage have not been disclosed, although the Lo-Down has obtained a feasibility study on the site, by Space4Architecture, that includes two new 13-story mixed-use buildings.
Lower East Side
Construction has topped out on the 15-story, 211-unit mixed-use building under development, as part of the Essex Crossing mega-development, at 145 Clinton Street, on the Lower East Side. The structure can be seen in an update by Bowery Boogie. The project encompasses 283,178 square feet. There will be 73,000 square feet of commercial-retail space across the ground through second levels, followed by rental apartments on the floors above. Half of the apartments, or 105 units, will rent at below-market rates through the housing lottery. Delancey Street Associates, comprised of L+M Development Partners, Taconic Investment Partners, and BFC Partners, is the developer. Beyer Blinder Belle is behind the architecture. Completion is expected in 2017.
The de Blasio administration is planning to launch a request for proposals (RFP) at some point next year in search of a development team to build a senior housing facility at 30 Pike Street, located between Henry and Madison streets on the Lower East Side. The scope of the building has not been revealed, but it will accommodate at least 100 senior residents and will feature an unspecified medical facility, Curbed NY reported. The site can accommodate up to 244,562 square feet of community facility space, which is what senior housing is categorized under. The 37,625-square-foot site is currently occupied a single-story a water supply building. The Department of Environmental Protection will work with the future development team to incorporate the infrastructure into the new building.
Renderings were recently revealed of the 12-story, 24-unit mixed-use building planned at 86 Delancey Street, located on the corner of Orchard Street on the Lower East Side. Now, municipal workers have painted over the elaborate and legal graffiti art installed on the existing two-story commercial building, Mass Appeal reported. The currently property owner, developer David Escava, never gave the city his personal permission to paint over the building, but the previous owner did (10 years ago). The structure received demolition permits September 1. The site’s next occupant is expected to measure 29,437 square feet and will feature retail space and residential units. SWA Architecture is designing, although a completion date has not been announced.
YIMBY can reveal exclusive interior renderings of the 14-story, 55-unit mixed-use project under development at 242 Broome Street, located on the corner of Ludlow Street on the Lower East Side. The latest images depict the condominiums as well as the project’s residential amenities, such as the rooftop terrace and an entertainment room. DXA Studio is responsible for the design of the interiors.