Construction underway at 250 Bowery

June 10, 2011 01:51PM

New renderings of 250 Bowery (courtesy of architects Morris Adjmi and Aldo Andreoli)

Construction is now underway at 250 Bowery for a planned 40,000-square-foot mixed-use building, according to Morris Adjmi and Aldo Andreoli, the project’s architects. The building is being developed by Zach Vella and Justin Ehrlich of VE Equities, two of The Real Deal’s rising industry stars, who have also brought 949 Park Avenue, 471 Washington and 1 North Moore Street to the market this year — all of which are marketed by Prudential Douglas Elliman’s Fredrik Eklund and John Gomes. The eight-story building at 250 Bowery will feature two floors of art gallery space below 24 one-, two- and three-bedroom condominium units (see newly released renderings above). The four three-bedroom units are all penthouse duplexes with private roof decks. The building’s facade will feature dark gray metal cladding with large, open factory-style metal windows, in Adjmi and Andreoli’s attempt to pay homage to the industrial character of the Bowery. Construction is expected to be completed next summer. TRD