As The Real Deal previously reported, Imperioli sold the building, which housed a theater company and is located between Seventh and Eighth avenues, for $4.15 million, back in 2010. That building was razed and developer Arker Companies has taken over, according to Buzzbusshome.
The new 24,480-square-foot building, which is located at 257 West 29th Street, is designed by Ariel Aufgang, and will house 37 units.
“Our dedication to providing quality homes for the most needy is reflected in the very detailed, intricate brick and stone design,” Arker Companies’ project description reads. [Buzzbuzzhome] —Christopher Cameron