The Real Deal New York

Renwick Street in Soho seeing hotel, resi redevelopment

31-unit condo at 15 Renwick Street among projects set to open next year

October 17, 2014 11:25AM

renwick

15 Renwick Street penthouse in Soho (credit: ODA) and Mara Flash Blum

Four residential projects are in the works along a block-long stretch of Renwick Street, between Canal and Spring streets, in Soho.

One of the projects is IGI-USA’s 31-unit loft building under construction at 15 Renwick Street.

Condos are slated to range from $2 million to $10 million in price. CORE is marketing the property, which is launching sales later this month and will open by next year. The block largely features old-school bars such as the Ear Inn, Emerald Pub and McGovern’s Bar. But in addition to several forthcoming apartment buildings, hotels have invaded.

Tommie Hotel is opening a 329-room hotel at nearby 231 Hudson Street next summer. Fortuna Realty Group’s Morris Moinian, in partnership with developer Matthew Moinian, opened the 122-room Hotel Hugo this spring.

“There’s only so much product in the north Tribeca area, and [people] are migrating to Hudson and Renwick,” Mara Flash Blum, a Sotheby’s International Realty broker told the Wall Street Journal. “It’s like being in Soho and not being in Soho.” [WSJ]Mark Maurer

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