Monday, October 10, 2016
The banner is up at the new 10-story building on East Houston at Suffolk... and sounding rather ominous: "Condos coming soon."
There is a teaser site where potential condo owners can sign up to receive more info. There aren't any further details, other than a tagline of sorts: "Floor-through condominiums in the heart of the Lower East Side."
In 2008, developer 265 East Houston LLC purchased the plot on Houston and Suffolk from Iglesia Pentecostal Arca de Salvacion (below) for $500,000, public records show.
Work here on at 265 E. Houston St. (aka 179 Suffolk St.) dates to early 2010. As you may recall, construction in the pit destabilized the building next door at No. 255, which caused Action for Progress to vacate.
And as you can see, No. 255 is no more. Workers recently wrapped up that demolition...
Developer Samy Mahfar, the property's owner, has approved plans for a 10-story residential complex here.
And so the development gold rush continues along the East Houston corridor...