Four residential projects are in the works along a block-long stretch of Renwick Street, between Canal and Spring streets, in Soho.
One of the projects is IGI-USA’s 31-unit loft building under construction at 15 Renwick Street.
Condos are slated to range from $2 million to $10 million in price. CORE is marketing the property, which is launching sales later this month and will open by next year. The block largely features old-school bars such as the Ear Inn, Emerald Pub and McGovern’s Bar. But in addition to several forthcoming apartment buildings, hotels have invaded.
Tommie Hotel is opening a 329-room hotel at nearby 231 Hudson Street next summer. Fortuna Realty Group’s Morris Moinian, in partnership with developer Matthew Moinian, opened the 122-room Hotel Hugo this spring.
“There’s only so much product in the north Tribeca area, and [people] are migrating to Hudson and Renwick,” Mara Flash Blum, a Sotheby’s International Realty Broker Told The Wall Street Journal. “It’s like being in Soho and not being in Soho.” [WSJ] — Mark Maurer