Construction is now underway on the top floor of the seven-story, seven-unit mixed-use building under development at 152 Elizabeth Street, located on the corner of Kenmare Street in Nolita. The progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the project will measure 26,788 square feet and rise 85 feet to its roof, not including the bulkhead.
Over the past year, the former four-story commercial building at 152 Elizabeth Street, located on the corner of Kenmare Street in Little Italy, has been demolished down to its foundation. A seven-story, seven-unit mixed-use building is now rising from that foundation, currently a single story above street level, Bowery Boogie reports. The latest building permits indicate the new structure will measure 26,788 square feet. The ground floor will host 2,193 square feet of retail space, followed by two units per floor on the second and third floors, full-floor units on the fourth and fifth-floors, and a penthouse on the sixth and seventh floors. The penthouse will feature two roof decks. The apartments, condominiums, will range from one- to four-bedrooms, averaging 3,514 square feet apiece. There will also be a seven-car automated parking garage in the cellar. Osaka, Japan-based Tadao Ando Architects & Associates is the design architect and Greenwich Village-based Gabellini Sheppard Associates is the executive architect. Sumaida + Khurana is the developer. Completion can probably be expected in 2017.
This past spring, The New York Times revealed full renderings of Sumaida + Khurana’s planned seven-story, seven-unit condominium project at 152-154 Elizabeth Street, in Nolita, the same time crews began demolition work on the existing four-story building. Now the developer has landed a $40 million construction loan. The building will have 26,012 square feet of residential space, and units will average a luxury 3,716 square feet apiece. Tadao Ando is the project’s design architect, while Gabellini Sheppard Associates is the applicant of record, and completion is expected in November 2016.