Monday, June 3, 2024

From parked cars to luxury condos on 9th Street

Plans are now on file to convert the former Little Man Parking garage (aka LaSalle Parking) into a six-story residential building on Ninth Street between Second Avenue and Third Avenue. 

According to the permits filed last week, the proposed development will feature 31,231 square feet of residential space for 18 units. (Per NY Yimby, that puts the average residence at 1,735 square feet — likely condos.) The newly created complex will also feature a rear yard and 10 enclosed parking spaces.)

Arcus Development purchased the space earlier this spring for $14 million. (Check out their luxury conversions here.)

There is also a new partial demoliton permit —"down to the first floor" — on file with the DOB.

The garage has been closed since late April 2023 after the Department of Buildings issued a vacate order on the property following the deadly collapse on April 18, 2023, at the Little Man garage on Ann Street in the Financial District.

Per the DOB vacate order: "The occupied parking structure with concrete framing observed to be in a state of disrepair at several locations in cellar level... crushed column base observed at several locations in cellar level ... vertical cracks observed inside elevator shaft and on masonry walls."

The address was offered as a "redevelopment project" last August

Budget Car Rental and Tori-Bien, a restaurant that specialized in Japanese fried chicken, were also forced to leave their retail spaces at this address due to the vacate order.

1 comment:

Anonymous said...

It was a ballsy move by real estate developers convincing the city to condemn a parking garage as unsafe so they can turn it into luxury condos.