Madigan Development has filed plans for a 15-story apartment building at 111 Varick Street, on the corner of Broome Street in Hudson Square, just west of Soho.
The filing calls for 49 apartments divided across 61,543 square feet of residential space, for an average apartment of roughly 1,254 square feet.
The ground floor will have 1,000 square feet of retail, and the second will house nine parking spots. Since this neighborhood’s zoning doesn’t require parking, and the apartments will be pretty big, it seems safe to assume these will be condos.
Apartments will begin on the fourth floor, with one unit. There will be six units each on the fifth through ninth floors, and three per floor on the tenth through fifteenth stories. Amenities will include a roof terrace and 23 bike parking spots on the third floor.
If the DOB approves these plans, the structure will reach 197 feet into the air, eclipsing the 12-story Art Deco office building on the same block.
Stephen B Jacobs Group, who have designed luxury condo towers from the Williamsburg waterfront to Midtown, are the architects of record.
The property is currently home to a six-story parking garage, and it sits right next to an on-ramp to the Holland Tunnel and on top of the 1 train tracks rattling beneath Varick Street. Demolition applications to knock it down have been filed, but the DOB hasn’t approved them yet.
While the site hasn’t changed hands since 1979, development rights for this lot and three neighboring ones on Broome and Dominick Streets sold for $3,500,000 in March. Demolition permits have been filed for those other three buildings—568 and 572 Broome
and 32 Dominick Street—indicating that the development will occupy all four properties.