Tuesday, January 20, 2015
Permit pre-filed for new 12-floor building at 79-89 Avenue D
Reps for L&M Development Partners pre-filed plans on Friday for a 12-story, mixed-use building here on the west side of Avenue D between East Seventh Street and East Sixth Street. The space is currently home to Rite Aid and two long-empty storefronts.
The plans show a building with a total of 96,038 square feet (7,868 of them for the retail component). In total, the plans show 108 dwelling units.
The Real Deal reported last May that the developers could build to 96,400 square feet with an inclusionary housing bonus. So given the dimensions, we're assuming that some of the units will be set aside for that.
In a previous post about 79-89 Avenue D, a commenter said that the Rite-Aid would temporarily move to the still-empty retail space the next block up at Arabella 101 … then return once the new building is complete. (We haven't heard anything official about this.)
L&M Development Partners, one of the groups involved in the Essex Crossing development at the former Seward Park urban renewal site, previously acquired 79-89 Avenue D for $12.5 million.
Previously on EV Grieve:
Report: Space that houses Rite Aid on Avenue D hits market for $22.5 million
Report: New 12-story, mixed-use building in the works for Avenue D