Downtown

79 Eldridge Street

10-Story, 38-Key Hotel Filed At 79 Eldridge Street, Lower East Side

Osher Niyazov, doing business as a Forest Hills-based LLC, has filed applications for a 10-story, 38-key hotel building at 79 Eldridge Street, on the Lower East Side. The new building will measure 16,969 square feet in total and individual hotel rooms should average 346 square feet apiece. Guest amenities will include a fitness center and a café in the cellar. Queens-based Julien Flander is the applicant of record, although Ellipses Design will be responsible for the architecture. The Lo-Down reports New Jersey-based Shew Foo Chin acquired the vacant 25-foot-wide lot for $5.3 million this past February. The specific hotel brand has not been revealed.



Pier 42

Pier 42 Park Project Lands $19 Million More In Funding, Lower East Side

Back in 2012, the Lower Manhattan Development Corporation (LMDC) secured $16 million in funding to build Pier 42 park, located between FDR Drive and the East River on the Lower East Side. Curbed reports the project has now received more complete financing in the form of $12 million more from the LMDC in addition to $7 million via settlement funds recently distributed by Gov. Andrew Cuomo. Once complete, the public space will include landscaped lawns and gardens, an esplanade, a bike path, playgrounds/play areas, a concession station, and a pavilion. Mathews Nielsen Landscape Architects is designing. Phase one, which largely focuses on remediating and pedestrianizing the pier, is expected to begin in 2017. A former cargo warehouse must first be demolished.



204 Forsyth Street

Seven-Story, 11-Unit Condominium Project Tops Out At 204 Forsyth Street, Lower East Side

In February of 2015, YIMBY revealed renderings for the planned seven-story, 11-unit residential building at 204 Forsyth Street, on the Lower East Side. Bowery Boogie now reports the 24,960-square-foot project has topped out. The structure’s residential units will be condominiums and should average a spacious 1,779 square feet apiece. The units will come in two- and three-bedroom configurations, and amenities include a parking garage on the ground floor and bicycle storage and recreational space in the cellar. Charlie Saulson is the developer and Z Architecture is behind the design. Completion is expected later this year.


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