New residential developments are cropping up everywhere in Chinatown, but office projects in the lower Manhattan neighborhood are still few and far between. Yesterday, new building applications surfaced for a six-story office development at 10 Eldridge Street, half a block from the Manhattan Bridge.
The 60-foot-tall building would replace a single-story storefront between Canal and Division streets. It would have 7,800 square feet of commercial space. The first floor would be devoted to retail, and the remaining five floors would be office space.
The developer is Kenneth Tam, doing business as an LLC based on Orchard Street, and prolific, Maspeth-based architects Angelo and Anthony Ng applied for the permits.
The lot is quite small, measuring only 20-feet-wide and 1,300 square feet total. This project is possible because Chinatown has mid-rise commercial zoning that allows reasonably dense retail, hotel, and office projects.
This isn’t the most convenient corner of the neighborhood to reach by train, but the F train is about three blocks away at East Broadway and the Grand Street stop on the B and D trains is a six or seven minute walk.
The property last changed hands for an undisclosed amount in 2005.
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Walk and talk can kill waste time to move, can’t reach by train but instead on bicycle.