As previously reported, Quality Capital and Caerus Group bought the parcel between 12th Street and 13th Street last summer for $60 million. The deal reportedly included 30,000 square feet of air rights.
So those plans for a 14-floor office building on this property may be permanently on hold.
The Greenwich Village Society for Historic Preservation (GVSHP) has campaigned the past 18-plus months to preserve these buidlings.
Here's part of a report they sent out yesterday:
GVSHP was joined by Councilmember Rosie Mendez, neighbors, and scores of supporters on for the public hearing on our proposal to landmark 827-831 Broadway. The 1866 lofts, formerly home to Willem de Kooning and other art world luminaries, had faced the wrecking ball. Read GVSHP’s testimony here.
Members of the LPC, who will decide the building’s fate, also expressed strong support for designation, and stated that a vote would take place on Oct. 31 (time TBD). Once the LPC votes to designate, the building is landmarked and protected, though temporary protections are in place now.
An attorney for the developer ... stated that the owner opposed landmark designation, and asserted that he would have a hardship case if the building were designated and he were not allowed to develop the site (the law enables owners of private property to be relieved of landmarks requirements if they can demonstrate, through a public hearing process, that they cannot make a “reasonable return” on the property while abiding by landmarks requirements).
The owner’s lawyer also said that, if the building is landmarked, they would seek approval from the LPC to build some sort of addition to the building in order to make a reasonable return (this too would require a public hearing and review process).
GVSHP Executive Director Andrew Berman co-authored an op-ed at the Times in early August, providing more history of the addresses and making the case for why they should be landmarked.
Previously on EV Grieve:
Report: 14-story building planned for 827 Broadway
An appeal to landmark these buildings on Broadway
City moves to potentially landmark 827-831 Broadway