Despite the aftermath of the Sandy ... crews arrived last week to work on the formerly empty lot on East Houston and Avenue D...
In October, the city OK'd plans to erect an 12-story mixed-used apartment building for this space. According to the DOB, the building will be 108,953 total square feet, with 9,640 set aside for retail.
Per documents, Jerry Kahen of Alphabet Plaza LLC is listed as the managing partner. Avinash K. Malhotra Architects is the architect of record. The firm's projects include the W Downtown and 2 Gold Street.
This past January, The Real Deal reported that a Queens property owner plucked down $21 million for a 130,000-square-foot development site at Avenue D and East Second Street.
Kahen Properties bought six lots at 5-9 Avenue D and 306-310 East Second Street for a luxury apartment building featuring apartments in the $2,500 to $3,600 range.
Previously on EV Grieve:
Will Avenue D finally turn into Avenue C?
Listing appears for Houston and Avenue D development
Report: 12th-story 'Alphabet Plaza' in the works for Second Street and Avenue D