The Real Deal New York

A new look at resi addition to historic LES bank building

Elsa and Dunnie Lai's 12-story property will hold 38 apartments

October 12, 2016 04:11PM

225 East Houston Street (credit: Rogers Partners via CityRealty)

225 East Houston Street (credit: Rogers Partners via CityRealty)

New renderings have been unveiled for a 12-story residential project coming to the Lower East Side’s East Houston Street.

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Tribeca-based Rogers Partners Architects plan to turn the former bank building at 225 East Houston Street into a 12-story building featuring 38 apartments. The apartments will sit atop the existing building and is designed to jut out over the five-story building next door, according to CityRealty.

Owners Elsa and Dunnie Lai filed plans to convert the 1912-built structure into a residential building last year. The existing building spans about 17,000 square feet and has been home to tenants like the Provident Loan Society and the late painter Jasper Johns. At the time the landlords filed plans, they faced strong pushback from the community. Although the owners want to enlarge the building rather than demolish it, local residents told Community Board 3’s landmarks committee the development would be “devastating” and would cause “extreme financial hardship.”

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It’s not clear if the 38 apartments at the building will be condominiums or co-ops. The tower will boast a rooftop terrace, a fitness center, a residential lounge, laundry room and an elevator. The development will include 6,800 square feet of ground-floor retail. [CityRealty]Miriam Hall

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