The Real Deal New York

Extell may rip up and repave Cherry Street

Some estimate that the street has sunk three inches

June 20, 2015 05:30PM


A rendering of 250 South Street, Cherry Street and Gary Barnett

On Wednesday, Extell Development received a stop-work order on its 700-foot-tall tower at 250 South Street over concerns that construction was causing Cherry Street to collapse. That order has now been rescinded. But Extell still may have to rip up and repave the entire street.

“They’re going to rip up and replace the block. It may be just the sidewalk near the construction site, but it looks like it’ll be the entire block,” a source familiar with the project told Gothamist.

Some estimate that Cherry Street has sunk between two and three inches as a result of construction at the soon-to-be 940,000-square-foot condominium building.

“As is typical with the excavation phase of any construction project, adjacent movement may occur. Our construction manager, Lend Lease, has controls in place to monitor such conditions and interim repairs are performed as necessary. Lend Lease and their subcontractors have performed the repairs and have been monitoring such effects and will continue to ensure that they are within the bounds of safety and acceptable standards,” a Extell spokesperson told Gothamist. [Gothamist]Christopher Cameron