Tuesday, February 10, 2026

New 9-story development proposal raises alarms next to Merchant’s House

There are new plans for a 9-story mixed-use building (PDF here) at 27 E. Fourth St. between the Bowery and Lafayette. 

For the past 15-plus years, Kalodop II Park Corp. has been trying to put in a new development at the current site of a one-level garage that stores food carts. 

We hadn't heard anything new about the project since December 2023, when the Landmarks Preservation Commission approved plans for an 8-story hotel next door to the landmarked Merchant's House Museum.

Here's how the Merchant's House reacted to the new-building update, per an Instagram post over the weekend: 
We just learned that the developer has applied to the Landmarks Preservation Commission for a NEW building next door. The proposed building is not only taller than the previous design, but also adds more bulk. All of which heightens the risk of irreparable damage and the real possibility of collapse! 

As you may remember, in December 2023, the Landmarks Preservation Commission approved plans for another building (8 stories) next door. They also instructed the developers to conduct a study of our landmark interior plaster. The developers never did; instead, they have filed these new plans.
 

The developers will need approval of a zoning text amendment and special permits to facilitate the building. There will be a series of public meetings, starting tomorrow evening at 5:30, before the Community Board 2 Landmarks Committee. (Find meeting details here. You can attend via Zoom.)

 Preservationists, not to mention the leadership of Merchant's House, the circa-1832 building, were concerned that the construction could permanently damage the structure, one of only six residences in NYC that is both an exterior and an interior landmark. 

Local elected officials and Community Board 2 have all opposed the previous application for the 8-story hotel. 

Learn more about the Merchant's House, currently undergoing an exterior restoration project, here... and at Village Preservation here. 

Previously on EV Grieve: 
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