Report: 14-story building planned for 827 Broadway

This past Friday, reps for Caerus Group and Quality Capital filed plans for a 14-story, 70,000-square-foot retail-and-office building at 827 Broadway, as The Real Deal reported.

Per the article:

Retail will span the first three floors of the building, with the remaining 11 floors devoted to office space. The plans call for terraces on the fourth floor and roof — an amenity many landlords in the Midtown South market consider a necessity in order to attract tenants.

According to DOB records, there were plans filed in December for a "10-story vertical enlargement ... to existing 4-story building." Now there are just plans for a new building.

So apparently this means the two existing four-story buildings between 12th Street and 13th Street will be demolished. There aren't any demo permits on file yet.

Quality Capital and Caerus Group bought 827-829 and 831 Broadway last summer for $60 million. The deal reportedly included 30,000 square feet of air rights.

Antiques mogul Howard Kaplan previously owned the buildings for 35 years.

Here's some history of the buildings:

Italiante commercial building built by tobacconist Pierre Lorillard III (1796-1867) on property owned by the family until 1940. Lorillard was grandson of Pierre Abraham Lorillard (1742–1776), founder of the American tobacco industry with 1760 launch of P. Lorillard & Co. In 1867, No. 827 was shop of cabinetmaker Alexander Roux (1813-1886). From 1980s until 2008 was a club, La Belle Epoque.