Nolita gets new developments

Nolita hasn’t seen any new residential development in 20 years, but developers are changing that. Developments are popping up around the neighborhood: at 290 Mulberry, a SHoP Architects-designed 12-story, nine-condo building is rising, and at 49-51 Houston Street, a 14-story, 15-unit condo project is being built by Arpad Baksa Architects. Prices per square feet in Nolita condos have jumped 600 percent in the past fifteen years to about $1,200 per square foot. A carriage house built in the 1800s, known as the Candle Building, is being converted to a condominium called 11 Spring.