Thursday, March 19, 2015
Conversion of former dorm to rentals with 2 new floors underway on 3rd Avenue
Workers arrived yesterday to begin erecting the scaffolding and sidewalk bridge around the former SVA dorm on the northeast corner of Third Avenue and 10th Street.
There are now partially approved plans on file with city to convert the building to rentals (luxury) and add two floors.
As The Real Deal reported last November, Slate – a Midtown-based development firm – and RWN Real Estate Partners want to reposition the building as a high-end rental property. The group was apparently able to obtain the 8,000 square feet in unused air rights to add the new floors above the existing structure.
From the looks of the various permits on file, the building will house 41 units with an "outdoor tenant recreation area" on the second floor.
SVA students moved out after the spring 2014 term .. with the students now using a newish residence on East 24th Street at First Avenue.
Previously on EV Grieve:
East Village now down a dorm
High-end rentals and additional floors coming to the former SVA dorm on 3rd Avenue