Permits have been filed for a seven-story mixed-use building at 119 Second Avenue, in the East Village. The development will rise on the site of a tragic explosion from 2015, which claimed two fatalities. After the event, three buildings were demolished and cleared. The new project will fill one of the three addresses. Nexus Development is heading the project, partnering with Immobiliare Capital and Premier Equities. According to the Real Deal, Nexus purchased 119 and 121 Second Avenue in 2017 for $9.15 million. 123 Second Avenue was sold to Ezra Wibowo in 2016.
The 76-foot tall structure will yield 33,920 square feet, with 20,740 square feet dedicated to residential use, and 2,090 square feet for commercial-retail use on the ground floor and cellar. 21 apartments will be created, averaging 988 square feet apiece, indicating condominiums.
Tenants will have access to storage space, laundry, 11 bicycle parking spaces, a fitness center and recreation terrace on the second floor, and an outdoor recreation space on the rooftop. A single unit will occupy the seventh floor, endowed with a private terrace.
Morris Adjmi Architects will be responsible for the design. As of now, it is uncertain if the finished product will include a tribute to its history.
The estimated completion date has not been announced, but speculation puts it in late 2020, early 2021.