Monday, January 11, 2016
Rite Aid relocates ahead of new development on Avenue D
The Rite Aid on Avenue D between East Sixth Street and East Seventh Street relocated late last week...
...just one block north to the vacant retail space in the Arabella 101 building...
The move is to make way for a 12-story mixed-use building ... three one-level storefronts will need to be demolished: the Rite Aid and the long-vacant laundromat and Shady's pizza...
The approved permits on file with the city show a building with a total of 96,038 square feet (7,868 of them for the retail component). There are 108 dwelling units listed. The Real Deal reported in May 2014 that L&M Development Partners could build to 96,400 square feet with an inclusionary housing bonus.
L&M Development Partners, one of the groups involved in the Essex Crossing development at the former Seward Park urban renewal site, bought the three parcels of 79-89 Avenue D in 2014 for $12.5 million.
We have not seen any renderings for the new building just yet. GF55 Partners, whose area work includes Jupiter 21 and 48 Bond, are the architects of record.
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
Permit pre-filed for new 12-floor building at 79-89 Avenue D