The Real Deal New York

Broad Street Development plans 58-unit Noho resi building

Property is one of two that the firm bought for $178.5M last year

October 29, 2015 11:55AM
By Ariel Stulberg

304 Mulberry

From left: 304 Mulberry Street and Broad Street Development’s Raymond Chalme and Daniel Blanco

Broad Street Development filed a permit application to build a new 103,000-square-foot residential building at 304 Mulberry Street in Noho.

The developer’s plans call for a 12-story structure containing 58 apartments and just over 11,000 square feet of retail space on the ground floor.

The residential units will be distributed as follows: seven each on the second through sixth floors, six each on the seventh through ninth floors and three units on the tenth floor. The top two floors will contain two duplex apartments between them.

The building will also include a gym, a swimming pool and a “multipurpose room” for tenants.

Broad Street, based in the Financial District and headed by Raymond Chalme and Daniel Blanco, closed on the building, along with the adjacent 298 Mulberry Street, earlier this year, paying $178.5 million.

The developer transferred about 25,000 square feet of air rights from that building to 304 Mulberry Street, according to public records.

Last month, Broad Street sold a pair of rental buildings at 210 and 220 East 22nd Street in Gramercy, to Jeffrey Kaye’s Stone Street Properties for $123 million.