Nolita

242 Elizabeth Street

Reveal for Six-Story, Five-Unit Mixed-Use Redevelopment at 242 Elizabeth Street, NoLIta

A rendering has been posted on the site of the planned six-story, five-unit mixed-use redevelopment at 242 Elizabeth Street, in NoLIta. The black-and-white rendering comes as Ervolino Group begins construction to expand the site’s existing single-story commercial building, Bowery Boogie reported. The latest buildings permits indicate the project will measure 7,667 square feet, with 1,795 square feet of commercial-retail space planned on the ground floor, which will be leased to City Gym. Each floor above will contain a single residential unit, although the top unit, a duplex penthouse, will also contain space on an upper penthouse level. The apartments should average 1,174 square feet apiece, and a Crain’s report from 2014 states that the apartments will be luxury rentals. Amenities include private residential storage units and bicycle storage. Nabil Ishac’s Midtown South-based Ishac Design Architects is the architect of record. Completion can probably be expected closer to 2017.

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75 Kenmare Street

First Look at Seven-Story, 35-Unit Condominium Project, 75 Kenmare Street, NoLIta

In October of 2015, YIMBY reported on applications to expand the three-story parking garage at 75 Kenmare Street, in NoLIta, into a seven-story mixed-use building with 35 residential units. Now, Curbed NY has the latest details on the project, including the first rendering of the building, depicting the entrance. The project will measure 55,484 square feet, 8,122 square feet of which will be dedicated to ground-floor retail space. The residential units, beginning on the second floor and averaging 1,353 square feet apiece, will be condominiums, ranging from one- to four-bedroom configurations. There will also be a slew of amenities, including an 150-car underground parking garage, as reported previously. Kravitz Design is behind the interiors, while Andre Kikoski Architect is serving as the architect. The value of the project is being tagged at $127 million, and DHA Capital, AMS Acquisitions, and First Atlantic Capital are the developers. Construction is expected to begin in the coming months.

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277 Mott Street, photo by Nicholas Strini for PropertyShark

Milwaukee Restaurateur Plans Retail Building at 277 Mott Street in NoLIta

Uncertainty over the future of the 421-a tax abatement is driving developers to focus on condos and commercial projects, because rentals are hard to finance without the tax break. Yesterday’s crop of filings brought yet another application for a small commercial building in Lower Manhattan. Milwaukee restaurateur and former Soho bar owner Karl Kopp filed plans for a seven-story retail project at 277 Mott Street, between Houston and Prince Streets in Nolita.

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47 Prince Street

Two-Story, 4,570-Square-Foot Restaurant Complete At 47 Prince Street, NoLIta

Back March of 2014, plans for a two-story, 4,570-square-foot commercial building were revealed at 47 Prince Street, on the corner of Mulberry Street in NoLIta. Now, Bowery Boogie reports the building is complete and construction fencing around the structure has been disassembled. The 25-foot-tall building will boast 2,450 square feet of commercial space for a restaurant. In addition to the ground floor, the eventual restaurant will also operate on a mezzanine level (which reads as the building’s second story). The kitchen, as well as bathrooms and storage space, will be located in the cellar. Neil Bender, doing business as an anonymous LLC, is the developer and Richard Pierce’s Terjesen Associate Architects is the architect of record. Perviously, Gene Kaufman was the designer, although filings reveal he was replaced.

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190 Bowery

Six-Story, 36,000-Square-Foot Commercial Restoration Underway At 190 Bowery, NoLIta

In May of 2015, YIMBY reported that the Landmarks Preservation Commission approved RFR Realty’s planned commercial restoration of the landmarked Germania Bank Building, a six-story, 36,000-square-foot building at 190 Bowery, in NoLIta. Bowery Boogie now reports the restoration is well underway and crews have replaced the property’s windows. A new entrance is also being installed on the ground level and other alterations are now taking place. The building will eventually have a ground-floor retail space and the upper five floors will be leased as office space. Higgins Quasebarth & Partners and MdeAS Architects are behind the restoration design. Completion can probably be expected later this year.

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