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.
As the city edges towards its 2020 population forecast, the Museum of the City of New York is delving into our decades-long struggle to shelter the poorest residents with a new exhibit on the history of affordable housing. To celebrate the exhibit’s opening, the museum hosted a panel Thursday night, where a collection of real estate executives debated whether de Blasio’s ambitious plan to build or preserve 200,000 units would make a dent in the city’s affordable housing crisis.
Earlier this year, YIMBY brought you a proposal for the transformation of One Wall Street created by CetraRuddy. While that version of the tower will remain unbuilt, we now have the first rendering of actual plans, created by Robert A.M. Stern for developer Macklowe Properties, as well as word that the development is seeking $100 million in EB-5 funding, or 6.6% of its projected cost of $1.502 billion.
Over the summer, YIMBY revealed renderings for Related Companies’ planned 13-story, 47-unit residential building at 70 Vestry Street (aka 264 West Street), in Tribeca, and now the developer has landed $200 million in construction loans, provided by Bank of America. The building will measure 154,019 square feet in total, and includes roughly 800 square feet of retail space on the ground floor. Robert A.M. Stern is designing, while Ismael Leyva is serving as the architect of record. Demolition permits have already been approved to raze the site’s existing tenement and low-rise buildings.
It was in November that the Landmarks Preservation Commission approved altering a 1942 garage building at 456 Greenwich Street (at the corner of Desbrosses Street) and turn it into a restaurant. Well, things have changed and the proposal is now to demolish the existing building and build a hotel that will stretch out of the Tribeca North Historic District.