Daniel Wise, operating as an anonymous LLC, has acquired the four-story tenement buildings at 201-203 East Broadway, on the Lower East Side, for $8.5 million last month, according to Bowery Boogie. Last week, demolition permits were filed to knock the buildings down, and asbestos abatement notices were posted on-site. The site boasts 28,152 square feet of development rights, or 37,152 square feet if a community facility is included. New building applications haven’t been filed with the DOB.
Earlier this year, YIMBY brought you a proposal for the transformation of One Wall Street created by CetraRuddy. While that version of the tower will remain unbuilt, we now have the first rendering of actual plans, created by Robert A.M. Stern for developer Macklowe Properties, as well as word that the development is seeking $100 million in EB-5 funding, or 6.6% of its projected cost of $1.502 billion.
Back in 2011, the Wall Street Journal predicted the demise of the Bowery’s Lighting District, a strip of wholesale light stores beginning south of Delancey Street in the borderlands between the Lower East Side and Little Italy. Now three of those shops will bite the dust to make way for an eight-story residential and hotel project at 138 Bowery, situated mid-block between Broome and Grand Streets.
Over the summer, YIMBY revealed renderings for Related Companies’ planned 13-story, 47-unit residential building at 70 Vestry Street (aka 264 West Street), in Tribeca, and now the developer has landed $200 million in construction loans, provided by Bank of America. The building will measure 154,019 square feet in total, and includes roughly 800 square feet of retail space on the ground floor. Robert A.M. Stern is designing, while Ismael Leyva is serving as the architect of record. Demolition permits have already been approved to raze the site’s existing tenement and low-rise buildings.
Last year, ground was broken and new renderings were released for the St. Nicholas Greek Orthodox Church planned at the also-under-construction Liberty Park, an elevated lot to the south of the World Trade Center, in the Financial District. The New York Times now reports the drum-shaped structure is rising and will be constructed with “white Pantelic marble, from the same vein in Greece that was quarried to construct the Parthenon.” Santiago Calatrava is designing, and completion of the sanctuary and park is expected in 2017.