The Chetrit Group is now the owner of 260 South Street, a forthcoming high-rise complex on the Lower East Side of Manhattan, following a $70 million acquisition loan from Madison Realty Capital. The waterfront development will eventually include 64-story and 74-story towers in the Two Bridges section of the neighborhood.
Permits have been filed for a 71-story mixed-use skyscraper with affordable Housing at 265 South Street in Manhattan’s Lower East Side. Located adjacent to Rutgers Park between Jefferson Street and Frank T. Modica Way, the lot was previously addressed as 260 South Street. Four blocks north of the site is the East Broadway subway station, serviced by the F train. Two Bridges Associates L.P., a partnership between L+M Development Partners and the CIM Group, is listed as the owner behind the applications.
This week the New York State Court of Appeals shut down a lawsuit opposing the development of four new skyscrapers in Lower Manhattan’s Two Bridges neighborhood, as reported in The Broadsheet. This legal move upheld the August ruling by Appellate Division of the New York State Supreme Court in favor of a group of developers, including JDS Development Group, CIM Group, L+M Development Partners, and Starrett Corporation, to build four more towers along the Two Bridges waterfront on the Lower East Side. The site is bound by Cherry Street to the north, South Street to the south, mid-block between Pike Slip and Rutgers Street to the west, and mid-block between Clinton and Montgomery Streets to the east.
Stantec has released new concept design renderings of a $129 million initiative to better protect Battery Park from the rising sea levels, seasonal storm surges, and extreme precipitation. Known as the Battery Coastal Resilience Project, the investment will primarily fund reconstruction of deteriorating wharfs, enhancements to Battery Park’s existing network of public walkways, and infrastructure upgrades.
In an effort to bolster sales at One Manhattan Square, Extell Development Company has unveiled an acre of private outdoor amenities designed by West 8 Urban Design and Landscape Architecture. Located in the Two Bridges section of Manhattan’s Lower East Side, the neighborhood’s signature tower stands 800 feet above the East River and now comprises 100,000 square feet of total amenity space.