Monday, June 22, 2020
St. Mark's Place at 3rd Avenue promises to be a hot construction mess for the next few years
Since our last look, workers have expanded the construction perimeter around the northeast corner of Third Avenue and St. Mark's Place... the unofficial entry from the west into the East Village.
The sidewalk on Third Avenue was previously blocked off... now the same goes for the St. Mark's Place side... with the sidewalk now part of a barricaded street with a narrower roadway for the M8 bus (and every other vehicle) that uses this route...
Still no activity on the actual lot where the 10-story office building will eventually rise, per a view into the blogger portals...
The City Planning Commission will cast their vote at a later date as part of the city’s Uniform Land Use Review Procedure. They are expected to approve the plan to transfer air rights from the landmarked 4 St. Mark's Place to the new development across the street at 3 St. Mark's Place. In issues such as this, City Council usually follows the lead of the local Councilmember. (Carlina Rivera spoke out against the transfer plan in in early March.)
With the air-rights transfer, developer Real Estate Equities Corporation (REEC) would be allowed to build 8,386 square feet larger than the current zoning allows.
Regardless of an extra 8,000 square feet, construction will still happen. As Gothamist reported in early March, the project's architect, Morris Adjmi, emphasized a building of a similar height size would be built as-of-right.
[A rendering of 3 St. Mark's Place]
REEC picked up the 99-year leasehold for the properties here for nearly $150 million in November 2017. The corner lot is owned by the Gabay family.
Previously on EV Grieve:
• 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
• New building plans revealed for 3rd Avenue and St. Mark's Place
• Concern over potential air-rights transfer for new office building on St. Mark's Place and 3rd Avenue