New building plans revealed for 3rd Avenue and St. Mark's Place

Nearly a year has passed since the initial reports about the future of the northeast corner of Third Avenue and St. Mark's Place were revealed. According to The Real Deal last November, a seven-story, 66,000-square-foot office building with ground-floor retail was slated for this corner.

However, as New York Yimby first noted yesterday, leaseholder Real Estate Equities Corporation (REEC) has filed new permits for 3 St. Mark's Place (the address of the former Papaya King) for a 5-story, 29,030-square-foot building.

This is obviously much smaller than what was originally floated. There's some thought that there might be a second smaller building coming to this parcel. (That's 100-percent speculation via some EVG corner watchers.)

Here's an aerial view of the property...


[Via Google Maps and EV Square]

A quick note — the Cooper Union Student Residence Hall at 29 Third Ave. is in the square above — that's not part of the new development and is staying put.

Anyway, here's what is known from the permits, as NYY noted: "Retail will occupy a portion of the ground floor and cellar space. The offices will have a lobby on the first floor, with workspace occupying the rest of the structure. Tenants will have access to bicycle storage, a fitness center, golf simulator, an amenities foyer, and a rooftop terrace."

(Golf simulator???)

Morris Adjmi Architects is listed as the designer of record. There aren't any renderings floating around the public sphere just yet.

For a sampling of Adjmi's work, look no further than the 7-story building he/they designed for the explosion site at 121 Second Ave. ...


[Rendering via Morris Adjmi]

For a little perspective on the size of the structure coming to 3 St. Mark's Place, the above building is 22,800 square feet.

In the meantime, workers continue to chip away at the mostly vacant buildings on St. Mark's Place and Third Avenue. (Permits were filed this past March 15 to demolish 1 St. Mark's Place, 3 St. Mark’s Place, 23 and 25-27 Third Ave.)

These photos are from Thursday...







While the interior demo is underway in these spaces, the Continental remains open — the last of the main businesses here. The bar was set to close in July after a 27-year run at 23 Third Ave. However, Trigger, the Continental's owner, announced a three-month lease extension until some time in October.

Well, we are now in October. In a recent Facebook post, Trigger said that they might be open until May 2019.

I asked him about that. "It’s possible that we’ll go till May but far from definite," he said in a Facebook message the other day, adding that he wants to stay until the developers get their permits approved. "It’s all I’ve got."

REEC picked up the 99-year leasehold for the properties here for some $150 million, per The Real Deal last November. The corner assemblage is owned by the Gabay family.

Previously on EV Grieve:
The Shake Shack effect? McDonald's on 3rd Avenue at St. Mark's Place has closed after 20 years

Report: Northeast corner of St. Mark's Place and 3rd Ave. fetching $50 million for development site

Report: NE corner of St. Mark's Place and 3rd Avenue will yield to a 7-story office building

Demolition permits filed for northeast corner of 3rd Avenue and St. Mark's Place

End is nearing for the businesses on the northeast corner of 3rd Avenue and St. Mark's Place

The Continental gets a 3-month reprieve