Back in the summer of 2013, construction restarted on the long-stalled seven-story, 20-unit mixed-use project at 324 Grand Street, on the Lower East Side, and now Bowery Boogie reports the building is finally nearing completion. It measures 38,808 square feet in total and includes 3,718 square feet of ground-floor retail space. The apartments above should average 685 square feet apiece, indicative of rentals. James Cheng’s Flushing-based Urban Architectural Design is the architect of record, and George Lee, doing business as an anonymous Flushing-based LLC, is the developer. Construction has also since wrapped up on the six-story, five-unit mixed-use building at 328 Grand Street. That building measures 10,935 square feet and includes 1,269 square feet of ground-floor retail. The full-floor units above will be condos and average 1,084 square feet each. CTM Properties developed the property and Lam & Lam Engineering is the architect of record. Occupancy for both projects is probable over the next few months.
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