The Real Deal New York

DOB approves Lower East Side condo project

September 25, 2012 03:30PM

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The lot at 210 Delancey Street

More than a year after a group of investors closed on a Lower East Side development site, its plans to develop luxury condominiums on the site got the Department of Building’s stamp of approval, Curbed reported.

The site, at 210 Delancey Street on the corner of Pitt Street, is an assemblage of five parcels that 53 Chinese-American investors purchased last August for $8.48 million. Now they’ve won approval for a 12-story building designed by Michael Kang with 69 apartments, an amenities space, 11 parking spots and an 8,352-square-foot community facility.

The lot was sold by the family of Anthony Marano, a local developer whose father owns the auto repair shop that currently occupies one of the lots.

Meanwhile, Delancey Street has become a hub development activity lately. Not only is the long-awaited Seward Park Urban Renewal project back in the works, but the Blue Building off Delancey Street on Norfolk Street is also getting a neighbor, the Low Line park project continues to rack up funding and the Lower East Side’s nightlife scene has pushed south in the neighborhood beyond Delancey Street. [Curbed]Adam Fusfeld

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