The lovely 19th century building at the corner of Prince and Mott Streets in Nolita has been an orphanage, a school, and a convent, but now a developer has begun transforming the landmarked structure into condos. Today, YIMBY has a new rendering of the structure’s restored facade, as well as a series of images based on historic photographs of the property at 34 Prince Street.
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.
The Department of Housing and Preservation has applied for a $6 million grant from the Lower Manhattan Development Corporation to develop affordable housing at 211 Elizabeth Street/21 Spring Street, in Nolita, where the Elizabeth Street Garden currently operates. According to DNAinfo, the city has had plans to build up to 75 residential units at the vacant site since 2012. In September, the LMDC plans to hold a public hearing for the project.
This past spring, The New York Times revealed full renderings of Sumaida + Khurana’s planned seven-story, seven-unit condominium project at 152-154 Elizabeth Street, in Nolita, the same time crews began demolition work on the existing four-story building. Now the developer has landed a $40 million construction loan. The building will have 26,012 square feet of residential space, and units will average a luxury 3,716 square feet apiece. Tadao Ando is the project’s design architect, while Gabellini Sheppard Associates is the applicant of record, and completion is expected in November 2016.
