Early plans show two new projects to bring 1.7M sf of residential units to LES

The developments could add 2,100 residential units to the area

New York /
Jul.July 27, 2016 11:30 AM

Preliminary plans for two new developments on the Lower East Side would add more than 2,100 residential units to the area.

The Starrett Corp. submitted a pre-application for 271-283 South Street, where the developer plans to build a 60-story building with 741 apartments, the Lo-Down reported. L+M Development TRData LogoTINY and the CIM Group also filed a pre-application statement for 260 South Street, where they plan to build a 1,400-unit building. Together, the projects would span more than 1.7 million square feet — nearly the same size as the massive Essex Crossing Project — in the Two Bridges neighborhood.

The proposals, of course, are just early plans and can change dramatically in the coming months.

State Assembly member Alice Cancel filed a Freedom of Information Law request to the city’s Department of Planning for the pre-applications amid complaints from residents about overdevelopment in the area. Cancel said she is still reviewing the pre-application statements.

“We need to map out a strategy to protect the neighborhood,” she said.

Other projects in the area include JDS Development’s planned 900-foot rental tower at 247 Cherry Street, which will be next to Extell Development’s 80-story One Manhattan Square. The Department of City Planning said in June that it would not approve JDS’ plans until it resolved a lawsuit over air rights at the site. [The Lo-Down]Kathryn Brenzel


Related Articles

arrow_forward_ios
Lightstone Group CEO David Lichtenstein and 145 Bowery (Lightstone, Google Maps, Moxy Hotels)
Lightstone receives $130M construction loan for new Moxy hotel on LES
Lightstone receives $130M construction loan for new Moxy hotel on LES
159 Ludlow Street (Photo by Scott Lynch/Flickr)
Vacant Lower East Side lot once used by Banksy lists for $2.5M
Vacant Lower East Side lot once used by Banksy lists for $2.5M
Ryan Serhant and the Library (Getty, Donna Dotan / DD Reps)
Reading the Room: Sales launch at “Library” condo
Reading the Room: Sales launch at “Library” condo
60 Norfolk Street with Gotham Organization Chairman Joel Picket and CEO David Picket (Gotham/Dattner Architects)
Gotham Org lands more loans for Lower East Side development
Gotham Org lands more loans for Lower East Side development
Gotham Organization CEO David Picket and a rendering of the Broome Street Development complex (Gotham; Community at Broome)
Lower East Side affordable complex lands $162M construction loan
Lower East Side affordable complex lands $162M construction loan
L+M Development Partners' Ron Moelis and a rendering of Sendero Verdo (Photos via L+M; Handel Architects)
L+M in deal with union laborers to cut wages on affordable projects
L+M in deal with union laborers to cut wages on affordable projects
Related chairman Stephen Ross and 265-475 Cherry Street (Getty; Google Maps)
Related to buy Section 8 buildings for $435M
Related to buy Section 8 buildings for $435M
Ian Schraeger’s Public Hotel at 215 Chrystie Street (Getty, Google Maps, Dolly Lenz)
Penthouse at Ian Schrager’s Public Hotel asks double 2017 sale price
Penthouse at Ian Schrager’s Public Hotel asks double 2017 sale price
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...