Last month Kinsmen Property Group, a joint venture between Madison Group and State Building Group, recently filed a land use application to transform a vacant lot at 156-166 Bowery into affordable housing. The new Nolita construction will comprise of three buildings yielding 322 residences, including one building with 124 affordable apartments for seniors.
Plans have been scrapped for Haven Green, a 123-unit affordable senior housing development at the Elizabeth Street Garden in Nolita, Manhattan, under a legal settlement that shifts the project to a city-owned lot on the Lower East Side. The agreement ends the November 2025 lawsuit brought against the city by developers Pennrose, RiseBoro Community Partnership, and Habitat for Humanity New York City and Westchester, which formally discontinued the case on Thursday. Under the settlement, the development team will acquire the 15,500-square-foot city-owned lot at 22 Suffolk Street and build more than 180 affordable homes. The Elizabeth Street Garden will remain preserved as parkland on its 20,000-square-foot parcel between Prince and Spring Streets.
Renderings have been revealed for 233 Mott Street, a six-story residential building in Nolita, Manhattan. Designed by Michael Zenreich Architect PC and developed by King’s Capital, the 74-foot-tall structure will yield five condominium units above ground-floor retail space. The project will also include a rear garden, private balconies, and a cellar with bicycle storage, a package room, and retail storage. The property is located between Prince and Spring Streets.
Yesterday, the City of New York finalized a new agreement to create over 620 affordable homes across Lower Manhattan while preserving the Elizabeth Street Garden as a publicly accessible space in Nolita, Manhattan. Mayor Eric Adams and Councilmember Christopher Marte announced the plan on Monday, marking a shift from previous proposals that would have demolished the garden to be replaced by a new affordable housing structure. Under the agreement, the city will pause the redevelopment of the garden and instead rezone three alternative sites within Council District 1 to deliver more than five times the originally proposed number of affordable units.
Demolition preparations are underway at 156-166 Bowery, the site of a forthcoming seven-story commercial building in Nolita, Manhattan. Designed by Perkins + Will Architects and developed by Kinsman Property Group, a joint venture between Madison Group and State Building Group, the 85-foot-tall structure will yield 72,441 square feet of office space. The 15,000-square-foot property is currently occupied by seven vacant low-rise buildings by the corner of Bowery and Kenmare Street.
