Thursday, February 2, 2017

Condos at Rite Aid's new neighbor on 1st Avenue will range from $1 million to $6 million


[Pit work at 75 1st Ave. one recent evening]

As you may know, an 8-story condoplex — featuring 22 residences — is coming to the long-empty lot at 75 First Ave. between Fourth Street and Fifth Street.

To date, we'd only seen photos of broker Ryan Serhant's team in suits brandishing shovels at a groundbreaking ceremony ... and not any of the actual new building.

Now though, Colonnade Group, the developer behind the project, has released some renderings, as first posted yesterday at The Real Deal.

75 First. Coming soon 😎

A photo posted by Ryan Serhant (@ryanserhant) on


Here's an interior shot...


[Image via the Colonnade Group]

HTO Architects designed the building. The prices will range from around $1 million for a one-bedroom to $6 million for a three-bedroom. The amenities include a fitness center, lounge and library, private and common roof deck and bike storage.

As for No. 75's neighbor... the bears have been lined up for Valentine's Day...



Previously on EV Grieve:
Developer: A shorter building in the works now for 75 First Avenue

High-rise for 75 First Avenue back in play

Long-stalled First Avenue site now has a brand-new rendering

Report: Long-dormant 1st Avenue development site changes hands

Plywood report and the future of 75 1st Ave. (Spoiler: condos)

27 comments:

Anonymous said...

how do they get so many floors? isn't there a zoning limit ?

Anonymous said...

The rendering makes that build look really wide as in 50 feet. I suppose the developer bought all the air rights to the Rite Aid property otherwise uptown views wouldn't last for long.

Anonymous said...

Yeah but there's a dollar store next door so think of the money they'll actually be saving when they buy a $6 million apartment

Anonymous said...

HAHA. To listen to ambulances 24/7.

Donnie Moder said...

Maybe this is minor, but I think that the floor to ceiling continuous wall of windows is too much window. I am not a fan of the all glass residential tower.

Pinch said...

I would assume the same regarding the purchase of the air-rights.

Anonymous said...

Wowee, I wanna live there..........

Anonymous said...

DeBlasio, where is our affordable housing?

Downtowner said...

I live across the street in Village View, this thing will literally be out my window. It was supposed to be TALLER but the economy tanking killed that (thankfully). I'll take 8 floors over 20.

And yes, it's being cantilevered over Rite-Aid to maximize width.

Anonymous said...

I love the name, The Condos at Rite Aid.

Gojira said...

"$42M sellout" - could there be a more apropos tagline for this steaming, oversized pile o' fugly? And seriously, yet another rich, cocky young man (albeit one who does not look like he's even started shaving yet) coming down here to market the neighborhood to elites?

Anonymous said...

LOL @ all these idiots spending this money on a culturally dead area.

No record stores which carry music by active, unsigned, underground bands.

No live music venues save crappy Bowery Electric and Drom.

No bookstores of note if any.

No clearcut bonafide artist hangout.

EV Lieve

Anonymous said...

WTF?

Anonymous said...

Two birds: Maybe it'll fall over and crush what is possibly the world's worst drugstore.

Anonymous said...

Will this have a dog and nail spa for Fife

Alan Static said...

Affordable housing is making housing unaffordable.

Anonymous said...

Village View, while affordable housing, is not exactly an eye-catcher either and it is 21 stories, over twice as tall.

Cosmo said...

Only a moron would buy into this. I don't believe for a second those north-facing windows won't ever get blocked, air rights or not. Then there are the south and west facing windows which, except for the top floors, won't be seeing the light of day.

Anonymous said...

10:56: The people moving in here don't care about any of those things. You're a bit behind the times.

Anonymous said...

The inside of the apt shown is pretty nice..large..bright..

Anonymous said...

5:20: Of course the photo looks like - that's the penthouse apartment!

Anonymous said...

At least they didnt use a diff ave and say its 1st ave like he did wit his ave C property when he used pics from 1st ave. N did they purchase the air rights to build over rite aid ?

Giovanni said...

It's like buying a really nice fish tank located inside a sewer. You're fine until
you step out the door, and then reality quickly sets in.

Anonymous said...

LOL. Look at that guy.

Anonymous said...

Near nothing

Anonymous said...

8 stories is not too bad - the original plans were much taller - and the design is not nearly as repulsive as some of those that were shown on this site previously.

All things considered - I don't think this has turned out too badly. Sure when the NYC real estate market crashes the buyers will regret it, but I imagine they're mostly absentee owners just buying these things as investments to park their money anyway.

Downtowner said...

Yes, Village View is a huge 7 building complex - with three 21 story buildings. It was originally supposed to be the FDR Houses - public housing - but was changed to a Mitchell Llama cooperative. While the buildings are "housing project ugly" - they are affordable, and helped many blue collar families in the neighborhood get out of tenement buildings in the 60s.

Whereas million dollar condos do nothing but attract million dollar investors. But as others said, an 8 story sliver is better than the monstrosities going up elsewhere.