Thursday, September 1, 2016

8-story condoplex to bubble up from former Discount Beer & Soda

[Photo from Sunday]

Demo permits were filed in the spring to take down the former Houston Street Beer Distributors at 298 E. Second Street between Avenue C and Avenue D.

And what kind of upscale development could we expect here? The DOB now has the new building permits, as New York Yimby first reported yesterday:

East Village-based Starleeng Equities has filed applications for an eight-story, seven-unit residential building ... It will measure 14,832 square feet and its residential units should average 1,967 square feet apiece, indicative of condominiums.

There will be a duplex apartment across the ground and second floors, followed by full-floor apartments on the third through eighth floors.

We first noted back in September 2014 that the one-story warehouse was for sale. Per the listing:

It is located in an R8A zoning district with an FAR of 6.02 (approx. 15,941 SF) or up to 7.2 FAR with Inclusionary Housing designated area bonus (approx. 19,066 sq. ft.) This prime development site is across the street from Hamilton Fish Park and a branch of the New York City public library, offering unobstructed southern exposures.

A new development would enjoy sweeping views of downtown and midtown Manhattan, Williamsburg, LIC and more.

The asking price was $8.9 million. According to public records, it sold for a little more than $7 million last fall to 298 East Village Owner LLC.

The property sits adjacent to two other new developments — The Adele on East Houston and Avenue D and The Robyn on East Third Street near Avenue D.

Previously on EV Grieve:
298 E. 2nd St. latest development site up for grabs

East Village now minus 2 beverage distributors

Something brewing (demolition) for former beer distributor on East 2nd Street


Anonymous said...

The crap part of Houston and low east EV is becoming quite the developed area - marketing a lifestyle that doesn't match the surroundings. How are the suckers still lining up? Usually culture and allure comes before the new boxes. Wouldn't mind at all if any of these developers get caught holding the bag.

Anonymous said...

The price of beer was not great here. The only benefit was that you could buy it by the case. But then you had to carry it home.