The Real Deal New York

Extell secures demo permits for Pathmark site

Lower East Side site could ultimately accommodate 1.1M square feet or 70-story tower

February 20, 2014 06:45PM

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227 Cherry Street

227 Cherry Street

The long-shuttered Pathmark grocery store on the Lower East Side will soon be torn down, now that demolition permits have been approved by the city.

Extell Development, which purchased the 227 Cherry Street property for $103 million in 2013, secured demolition permits last month, according to Department of Building Records cited by DNAinfo. The ultimate plan is rumored to be a residential development spanning as much as 1.1 million square feet or a tower as high as 70 stories, according to previous reports.

Extell has yet to unveil a construction timeline or plan specifics for the site, and a representative for the developer did not immediately respond to DNAinfo’s requests for comment.

The 40,000-square-foot supermarket shuttered at the end of 2012, and representatives of the Two Bridges Urban Renewal Area have since attempted to work with Extell to negotiate the inclusion of an affordable supermarket on the site, though it was not immediately clear where those discussions stood. [DNAinfo] Julie Strickland

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