Wedged between two early 20th century buildings on 17th Street, just west of Fifth Avenue, is a squat, three-story postwar structure at Nos. 8-10. Owned by the Catholic Medical Mission Board, the structure is far underbuilt according to its zoning, which allows a floor area ratio of 10, making it the second-most liberal zoning designation in the city.
With the property market in Midtown South heating up, the building is likely not long for this world – a new building permit has been filed for the site, calling for a 16-story, 48,000-square foot structure to rise 183 feet into the air at 10 West 17th Street.
The building would contain just 15 units spread over almost 41,000 square feet of net residential space. With full-floor units and an average unit size of 2,700 square feet (including a duplex penthouse), condos are very likely. The project includes no parking on the 45-foot-wide lot.
The project’s owner is Bhatia Development, led by Arun Bhatia. He was very active building condo towers on the East Side in the 1980s, and the most recently project indicated on his website is 137 Wooster Street, a handsome but sedate 10-story modern condo building in SoHo.
Like 137 Wooster, 10 West 17th Street will be designed by Beyer Blinder Belle, according to the permit application. The property lies within the Ladies’ Mile Historic District, so the design will have to past the Landmarks Preservation Commission’s muster.
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