After several years of delays, Iconic Development’s Sonu Arora has begun converting a former glass factory in Murray Hill into an 11-unit condo, Arora told The Real Deal today.
Plans for the six-story building, located at 210 East 35th Street between Second and Third avenues, call for ten 950-square-foot one-bedroom units and a 1,250-square-foot, two-bedroom penthouse. Arora said he expects construction to be complete by the summer of 2013. Marketing is scheduled to begin this fall.
Arora, who previously developed a 44-unit condo on the edge of Park Slope at Fourth Avenue, purchased the 12,000-square-foot building for $3.8 million in 2008, public records show. He said it took three years to get the necessary construction permits.
“We hope that this project will lead to several more construction projects in Manhattan for us over the next few years,” said Arora, who is originally from Manchester, England. “The Manhattan market has been quite resilient during the recent market downturn, which has been very encouraging for our overseas investors.” — Christopher Cameron