Nolita

Lyco Investment Corp. and Nexus Development are planning to build an eight-story, six-unit mixed-use building at 258-260 Bowery, in Nolita, according to Bowery Boogie. The project has not been submitted to the DOB, but permits are already on file to demolish the existing three-story building. A rendering includes some form of commercial space on the ground and second floors, and condos begin on the third floor, meaning full-floor units are likely. Morris Adjmi is designing, and the façade is required to be masonry.

Property owner Robert Balter has tasked Eastern Consolidated to market the vacant three-story, 4,900 square-foot building at 216 Bowery, in Nolita, according to Commercial Observer. The property is being advertised as a development site, and a new building could measure 15,000 square feet. The marketing team estimates the building is likely to fetch north of $4.1 million.

DHA Capital is in contract to purchase the three-story parking garage located at 75 Kenmare Street, in Nolita, for roughly $50 million, according to Bowery Boogie. The new owner plans to develop a 68,000 square-foot mixed-use building featuring luxury residential units and retail space. Most units will measure closer to 1,000 square feet, smaller than other new-construction condos in the area, according to The Real Deal, who was also the first to report the news.