It was back in December that YIMBY told you of Premiere Equities’ plans for a new commercial building at 134 Wooster Street, located between Houston and Price streets in the SoHo-Cast Iron Historic District. Those plans went before the Landmarks Preservation Commission on Tuesday and were approved with very little fuss.
When YIMBY last reported on the six-story, five-unit residential project at 52 Wooster Street, located at the corner of Broome Street in the SoHo-Cast Iron Historic District, a teaser site had just been launched. Now, thanks to photos from our friend Tectonic, we can see that much more has been accomplished.
Chicago-based L3 Capital has acquired the four-story, 20,600-square-foot mixed-use property at 61-63 Crosby Street, in SoHo, for $42 million. The new owner plans to convert the building into office space, although the ground-floor will remain as retail space. The co-op building has seven apartments, which will all be vacated before the sale closes, according to The Real Deal. The property comes with 3,300 square feet of air rights, which could be used in an expansion. Any alterations to the buildings will have to be approved by the Landmarks Preservation Commission because they sit within the SoHo-Cast Iron Historic District Extension.
New office buildings are a rarity in SoHo, because a combination of landmarking and incredibly high property values normally push developers to build condos if they want a return on their investment. But one builder has bucked the trend and filed plans for a seven-story office building at 134 Wooster Street, between Houston and Prince Streets.
The Gural family is planning to reconfigure and make upgrades to their six-story, 122,454 square-foot commercial property at 560 Broadway, in SoHo, according to Crain’s. The building, built in 1890 and located within the SoHo-Cast Iron Historic District, will have its main entrance moved to Crosby Street. In the process, Converse – one of two ground-floor retail tenants – will gain 1,500 square feet of space and 30 feet of street frontage. In addition, two of the building’s four stairwells will be removed in exchange for elevators and 8,000 square feet of extra office space. The Landmarks Preservation Commission would have to approve the project, which would also rename the building to 100 Crosby Street. Rosen Johnson Architects is designing.
