The Real Deal New York

Revealed: PMG’s revised plans for 111 Leroy Street

Developer cut project by half after community board opposition

March 22, 2016 03:32PM

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A rendering of 111 Leroy Street via 6sqft

After a thumbs-down from the local community board, Property Markets Group scaled down its condominium and townhouse project at 111 Leroy Street, and the developer has just released new renderings.

The Kevin Maloney-led firm originally planned a 125-foot-tall, 12-story building with 30 units at the site. After Community Board 2 rejected that design, the firm decided to move forward with a 10-story, 12-unit condo and five adjoining townhouses. 

The five townhouses get shorter as they approach the corner of Greenwich Street, according to 6sqft. Twenty percent of the units will be affordable. The original plans also called for an LGBT center, but PMG will instead build a five-story building that will have senior supportive housing.

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The design the community board rejected

PMG’s project is a stone’s throw from Ian Schrager’s 49-unit, 142,000-square-foot condo project at 160 Leroy Street.

PMG is also developing an ultra-skinny, 1,400-foot-tall tower at 111 West 57th Street in partnership with Michael Stern’s JDS Development Group. [6sqft]Dusica Sue Malesevic

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