[EVG file photo]
The former SVA dorm on East 10th Street at Third Avenue will be converted into – who woulda thought? — luxury rentals.
The Real Deal has more on the developments here:
Slate – a Midtown-based development firm headed by Martin Nussbaum and David Schwartz – and RWN Real Estate Partners want to reposition the building as a high-end rental property. They plan to take advantage of more than 8,000 square feet in unused air rights to add additional floors above the existing structure.
Aufgang Architects was hired to handle design, a representative for Slate told TRD. The new owners intend to determine the number of additional floors – and units – after the design is finalized, the rep said.
Third Avenue between East 10th Street and East 12th Street is shaping up to be a high-end rental row alongside the NYU dorms. The Nathaniel on the southwest corner of 12th Street has rentals going as high as $11,500. And at Eleventh and Third, rentals reach $10,000.
Previously on EV Grieve:
East Village now down a dorm