New renderings have been revealed of the redesigned eight-story, 22-unit mixed-use project under development at 75 First Avenue, located between East Fourth and Fifth streets in the East Village. The project’s developer, Colonnade Group, is expecting the building’s condominiums to sell for a combined $42 million, The Real Deal reported. The latest building permits indicate the structure will encompass 30,058 square feet and rise 80 feet to its main roof.
There will be 1,241 square feet of ground-floor retail space, followed by apartments, averaging 1,121 square feet apiece, across the second through eighth floors. The condominiums will range from one- to three-bedrooms. Midtown South-based HTO Architect is the architect of record. The 2,400-square-foot lot is vacant. Completion is expected later this year.