The Landmarks Preservation Commission (LPC) is currently reviewing proposals to construct a five-story office building at 72 Grand Street in the Soho Cast Iron Historic District of Manhattan. The site currently sits vacant with frontage along both Grand and Wooster Streets. If approved, the new building will top out at nearly 88 feet including all required mechanicals.
Last week, Chelsea-based developer and design firm Flank acquired the development assemblage at 41-53 South 3rd Street, in Williamsburg, and now the firm is purchasing another assemblage of properties two blocks to the north. Frank is paying $21.6 million for the two-story building at 70 Grand Street, the corner lot at 72 Grand Street, and the single- and two-story buildings at 314-326 Wythe Avenue, according to the Wall Street Journal. The property assemblage could accommodate 26,904 square feet of new development if the current structures are demolished. Current plans call for the renovation of some of the buildings, in addition to the construction of new ones (which means something is likely to be demolished). The program will include residential units, office space, and retail.