An 11-story condo development will replace a low-slung building at 287 East Houston Street, between Suffolk and Clinton Streets in the Lower East Side. New building applications were filed today to erect a 28-unit building on the lot wedged between two five-story tenements.
Earlier this month, Fisher Brothers, Witkoff and New Valley secured financing for their 58-story, 157-unit condominium project at 111 Murray Street, in southern Tribeca, and now the team has broken ground on the building. The Kohn Pedersen Fox-designed tower is already over 40% sold, with interiors designed by MR Architecture + Décor. Completion is expected in early 2018.
The Financial District’s rapid transformation from an office to a residential neighborhood has been immensely beneficial to Lower Manhattan, and the area’s recent boom has been mostly free of architectural casualties. But that’s about to change thanks to demolition beginning on the old vestry at 68-74 Trinity Place, which will soon be removed to make way for a new Pelli Clarke Pelli-designed mixed-use building standing almost 500 feet tall.
IDM Capital, manager to the developer 809 Broadway Associates LLC, has received a $30 million construction loan for their 15-story, 10-unit condominium building at 809 Broadway, three blocks south of Union Square, in Greenwich Village. According to Commercial Observer, the project, an expansion of the existing five-story building, will measure 40,000 square feet, with a 5,000 square-foot retail portion spanning the ground and basement levels. ODA is designing, and completion is expected in 2017 or 2018.
Property owner Jeff Alexander and developer Summit Equities are planning to convert the six-story manufacturing building at 39 Clarkson Street, in the West Village, into nine condominiums. According to DNAinfo, three more stories will be added up top, and the cellar will be excavated to accommodate four parking spaces. A variance from the city is required for the conversion.
