Permits have been filed for a 71-story mixed-use skyscraper with affordable Housing at 265 South Street in Manhattan’s Lower East Side. Located adjacent to Rutgers Park between Jefferson Street and Frank T. Modica Way, the lot was previously addressed as 260 South Street. Four blocks north of the site is the East Broadway subway station, serviced by the F train. Two Bridges Associates L.P., a partnership between L+M Development Partners and the CIM Group, is listed as the owner behind the applications.
Pre-filed applications in 2016 called for a 66-story, 1,400-unit residential tower with approximately 350 affordable units. In 2020, the New York Appellate Court ruled in favor of a group of developers which included Two Bridges Associates that would allow them to move forward on four developments along the Two Bridges waterfront, including a two-tower development rising 798 feet at 260 South Street.
Latest details specify a 761-foot-tall development yielding 14,526 square feet for community facility space. The building will have 1,313 residences, however it is unclear how many units will be designated as affordable housing. The concrete-based structure will also have a cellar, a 30-foot-long rear yard, and 103 enclosed parking spaces.
Handel Architects is listed as the architect of record.
Demolition permits have not been filed. An estimated completion date has not been announced.