Soho


61-63 Crosby Street

Developer Plans Four-Story Office, Retail Conversion At 61-63 Crosby Street, SoHo

Chicago-based L3 Capital has acquired the four-story, 20,600-square-foot mixed-use property at 61-63 Crosby Street, in SoHo, for $42 million. The new owner plans to convert the building into office space, although the ground-floor will remain as retail space. The co-op building has seven apartments, which will all be vacated before the sale closes, according to The Real Deal. The property comes with 3,300 square feet of air rights, which could be used in an expansion. Any alterations to the buildings will have to be approved by the Landmarks Preservation Commission because they sit within the SoHo-Cast Iron Historic District Extension.


25 Mercer Street

Five-Story, Five-Unit Residential Conversion Planned At 25 Mercer Street, SoHo

The five-story mixed-use building at 25 Mercer Street and the three-story property at 27 Mercer Street, located in the SoHo-Cast Iron Historic District, are expected to be converted into a single five-unit condominium building, according to Curbed NY. There will be four full-floor units and a duplex penthouse, and the residences are expected to hit the market this spring. GDS Development is developing and Fogarty Finger is designing the project, dubbed 25 Mercer. Alterations that would go into the conversion would have to be approved by the Landmarks Preservation Commission since the property is located within a historic district.


11 Howard Street

14-Story, 221-Key Hotel Renovation At 11 Howard Street To Be Delivered This Spring, SoHo

Aby Rosen’s RFR Realty is planning to open their newly renovated, 221-key boutique hotel at 11 Howard Street, in SoHo, this March. According to the Wall Street Journal, the developer has partnered with several nonprofit groups, including Global Poverty Project and Conscious Commerce, and will give away a percentage of revenue earned from each booking to the charities. The 14-story building will also have a restaurant on the ground floor headed by French chef Stephen Starr. Beyer Blinder Belle is the architect of record, and Walter Radtke’s MGA Architecture headed the design of the restaurant, per filings.


134 Wooster Street, photo by Christopher Bride for PropertyShark

Seven-Story Office Building Planned at 134 Wooster Street in SoHo

New office buildings are a rarity in SoHo, because a combination of landmarking and incredibly high property values normally push developers to build condos if they want a return on their investment. But one builder has bucked the trend and filed plans for a seven-story office building at 134 Wooster Street, between Houston and Prince Streets.

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