Monday, November 25, 2024

The disappearing buildings of 50-64 3rd Ave.

Several of the six buildings at 50-64 along the west side of Third Avenue between 10th Street and 11th Street are starting to disappear as demoliton continues...
We saw some demo prep work late last year (64 Third Ave., where the Ainsworth was), though the activity in the empty buildings tapered off earlier this year. 

Kinsmen Property Group — a joint venture between State Building Group and another Toronto company, Madison Group — bought the walk-up buildings over several years, paying more than $60 million for the parcel. Residences are planned for the space — the site allows for 160,000 square feet of new construction. However, there is no sign of new building work permits just yet. 

Meanwhile, Kinsmen Property Group also owns a development site between Delancey and Kenmare on the west side of the Bowery. New building permits dating to 2022 are on file for a 72,441-square-foot mixed-use commercial building via Real Estate Equities Corporation at 156-166 Bowery. 

The building now looks ready for demoliton...
NY Yimby points out that the 85-foot-tall structure will yield 72,441 square feet of office space.
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1 comment:

  1. Carol from East 5th StreetNovember 25, 2024 at 9:35 AM

    This wouldn't have happened if Carlina Rivera had kept her campaign promise of not voting in favor of the Tech Hub unless we got zoning protection for the 3rd and 4th Avenue corridors. It was bad enough we lost a row of Federal style buildings on East 11th Street to the Moxy Hotel. The MurrayHillization of the East Village continues.

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