The Real Deal New York

Bizzi, Halpern, Shvo file plans for Soho residential project

25-story building will house 115 units across 242K sf

June 03, 2015 11:49AM
By Rey Mashayekhi

100 Varick Street

Michael Shvo and rendering of 100 Varick Street in Soho (credit: Itzhaki Acquisitions)

Bizzi & Partners Development, Halpern Real Estate Ventures and developer Michael Shvo are planning a 25-story residential building at 100 Varick Street in Soho, according to permits filed Wednesday with the Department of Buildings.

The building, which will occupy the vacant lot at 100 Varick between Broome and Watts streets, will feature 115 units across 242,350 square feet of residential space. The project also includes more than 17,000 square feet of retail space on the first and second floors.

The development will house eight apartments on each of the third and fifth through 10th floors, while the fourth floor will have 10 apartments. Four duplex units will be spread across the 11th and 12th floors, while the 13th through 22nd floors will get four apartments each, according to the filing.

The 23rd and 24th floors of the project will house two apartments each, while two penthouses with roof access and a single apartment will top off the 25th floor. Building amenities will include a swimming pool, an exercise room and a 39-car garage.

Bizzi, Halpern and Shvo — in partnership with Itzhaki Acquisitions and Aronov Development — filed demolition plans for the site last June. The parties, who acquired the site through a joint venture for $130 million in January 2014, could not be reached for comment.

SLCE Architects, the project’s architect of record, could not be reached for comment. Renderings for 100 Varick Street were released in March.

Bizzi teamed with Shvo last year on the acquisition and residential development of 125 Greenwich Street in the Financial District.