A new seven-story residential building is starting to rise above its townhouse neighbors on the Lower East Side of Manhattan. 150 Rivington Street is located in a quiet spot of the bustling neighborhood, three blocks away from the Delancey-Essex Street Subway Station, serviced by the F, J, M, and Z trains. Cogswell Lee Development will be responsible for the development, which replaces the old Streitz Matzo Factory.
The 89-foot tall structure will yield 55,630 square feet of space, with 8,200 square feet dedicated to the commercial-retail use, and 47,420 square feet for residential use.
45 condominiums will be created, averaging 1,054 square feet apiece. One-bedroom units start at $1 million, two-bedroom units start at $1.7 million, and three-bedroom units start at $2.7 million.
GLUCK+ is responsible for the design. The site is currently on its third floor, with no façade installation in view.