[Photo from last month]
There's finally some updates about 644 E. 14th St., the long-empty lot on the southwest corner of Avenue C.
The info came in the form of a news release via the EVG inbox yesterday...
Madison Realty Capital (MRC), an institutionally-backed real estate investment firm focused on real estate equity and debt investments in the middle markets, provided a $52.0 million first mortgage loan for the acquisition of a development site in the East Village and construction of an approved 76,259 square foot mixed use development on the site.
The plans for 644 East 14th Street include 50 residential units, 8,064 square feet of retail space with 200 feet of frontage on 14th Street and Avenue C, and 21,575 square feet of community facility space.
The property is located at the corner of 14th Street and Avenue C, along the Northern border of the East Village and directly across the street from Stuyvesant Town. Residential units will offer contemporary finishes and large balconies with East River views. The borrower is currently finalizing a lease with a major New York hospital to occupy the entire community facility portion of the new building.
The East Village is now attracting young professionals and families, in addition to the artists, musicians, and students that established the neighborhood's cultural identity. The area has retained its strong character and remains a dynamic hub of popular bars, restaurants, and shops, with East 14th Street being one of the liveliest commercial corridors.
As previously reported, there are approved permits for a 14-story building.
A rendering via Real Estate Weekly shows a building looking like...
As for the "major New York hospital" taking the entire community facility portion, perhaps that's Mount Sinai Beth Israel, who's shutting down its campus on First Avenue and 16th Street in the coming years.
This corner property next to Campos Plaza and across from the Con Ed plant previously housed the single-level R&S Strauss auto parts store, which closed in April 2009.
[EVG photo from 2009]Previously on EV Grieve:
Development back in play for East 14th Street and Avenue C
More details on the sale of 644 E. 14th St.
Here comes a 15-story retail-residential complex for East 14th Street and Avenue C
Prepping the former R&S Strauss auto parts store for demolition on East 14th Street and Avenue C
City OKs 15-story mixed-use retail-residential building on 14th and C
14th and C now waiting for the Karl Fischer-designed 15-story retail-residential complex
14th and C still waiting for its Karl Fischer-designed retail-residential complex
Report: New owners for the empty lot at 14th Street and Avenue C
14 comments:
Uggghhh why does everything have to be so uuuuuuugly.........
The East Village is now a place for artists? Seriously? Unless you're an established artist who is making a shit ton of money on his or her work, which I doubt, one can no longer afford to live here in this neighborhood. The rents are out of control. The only professionals who can afford it are media and technology darlings, trust fund kids, and wall street duche bags.
I enjoy the industrial look and feel of that intersection, but I doubt balconies overlooking a huge power plant would appeal to most people.
Cos no one gives a crap about what the 99% on the street have to look at, it's all done for the benefit of the rich jags who are going to be living inside with all that "swell" stuff. Architects if yore built for both, today it's "slap it up ASAP and we'll spend money on the interior,if they don't live here we don't have to, and won't, take them into account."
Oh and BTW, I hope the deluded fools who buy in enjoy their up-close "East River views" during the next Sandy-like event.
They can gloss over everything but the fact of the matter is this is across the street from a huge power plant
Who is going to want to live there and look at all the ConEd transformers. 21,575 square feet of community facility space ? Sounds like another dorm in disguise. I certainly hope they are required to sign a lease with a non-profit before changing the skyline forever. No hospital is going to move into a flood zone.
I live on this block and we've been watching and worrying for a long while. My big concern has been the "community facility" and a hospital outpost would be waaaay better than some of the other alternatives (like a dorm). However agree that (1) it sure did get flooded from Sandy, and (2) it sure is ugly!
Will keep my fingers crossed that stoop life in our little corner of the EV will not be impaired.
There's a community center right around the corner.
Looks like a building in White plains. God, White plains.
Wow how thoughtful they are to erect another brand new modern building in the LES! I'm sure it will totally be affordable for the working class residents and their families who've been a fixture of the neighborhood for generations.... oh no wait, it's another posh LUXURY building affordable only to transient entitled rich shit bags and their coddled spawn. at what point do we admit this is full on class warfare, where the rich are forceable invading and displacing the working class and poor from their own neighborhoods, and not giving ANYTHING in return.
Does the ConEd plant still make those horrendous banging sounds, like bombs going off every so often ?? Can't wait for the assholes in that building to hear it ..........LOL !!
I'm waiting for the complaining to start from the residents about how ugly the Con Ed plant is across the way and can't someone do something about it? Like, close it down and move it somewhere else where I don't have to see it? And the smell coming from Katz's? I haven't eaten meat in, like, years. So gross.
Stick a pez dispenser on top of a bread box? Slap it together boys.
Well there goes my little view that i have! !! Kind of sucks!! Now all of our rents will go higher... just got a 100.$ increase...The more expensive buildings go up, the AMI for this community goes up therefore higher rents... Enough already
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