This Monday, the City Planning Commission certified a major initiative to rezone Manhattan’s Soho and Noho Historic Districts. The goal of the initiative is to expand allowable residential density for multifamily buildings, spur the construction of income-restricted and permanently affordable housing, and increase available community facilities.
Exterior work is now complete on 11 Greene Street, a seven-story residential building in Soho. The property is designed by Gene Kaufman Architects and developed by Arch Companies, which took over from Thor Equities and secured a $45 million loan to finish the project in early 2018. Located at the corner of Greene and Canal Streets, the building yields 31 units ranging from one- to two-bedroom layouts alongside a three-bedroom penthouse. Ryan Serhant of SERHANT is leading sales and marketing.
An Environmental Assessment Statement released by the NYC Department of City Planning reveals how proposals to rezone Manhattan’s SoHo and NoHo neighborhoods could permanently alter the area. The actions aim to expand allowable residential density for multifamily buildings, spur the construction of income-restricted and permanently affordable housing, and increase available community facilities. If approved, the upzone could spur the development of more than 3,200 new apartment units, 108,000 gross square feet of retail space, and 35,000 square feet of community facilities. Estimates for residential development include up to 940 affordable apartment units.
The Landmarks Preservation Commission (LPC) will soon consider proposals from Bjarke Ingels Group to construct a large rooftop pavilion and terrace at 130 Prince Street in Soho. Located at the corner of Prince and Wooster Streets, the mixed-use commercial property will support a mix of retail and office space.
Permits have been filed for a ten-story commercial and community facility building at 30 Thompson Street in Soho, Manhattan. Located between Grand Street and Watts Street, the lot is near the Canal Street subway station, serviced by the 1 train and the Spring Street station, serviced by the C and E trains. DHA Capital is listed as the owner behind the applications. Previous plans for the site include a condo project designed by Karim Rashid.
