Showing posts with label 42 E. 2nd St.. Show all posts
Showing posts with label 42 E. 2nd St.. Show all posts

Monday, July 17, 2023

So what's next for this block of 2nd Avenue?

ICYMI. On June 26, we noted activity — workers picking up trash and random bricks — inside the empty lot on the east side of Second Avenue between Second Street and Third Street. 

As previously reported (first here), there are/were approved work permits (as of last summer) for an 11-floor mixed-use building on the site of a former three-building parcel.

Gemini Rosemont Development was behind this 100,568-square-foot new building ... the development, using 42 E. Second St. for its address, included 88 residential units and 9,600 square feet for retail.

An anonymous commenter previously had claimed: "Their plans were deemed dangerous for the neighboring property by DOB. Gemini is actively trying to sell the lot."

After our post, a rep for Gemini Rosemont Development told us the following: "The project is frozen, and we are currently evaluating options for the site."

DOB records show a variety of infractions, many involving non-maintenance of the construction fence.

In the spring, the DOB posted a "Notice to Revoke" on the approved application...
The address is still on the Gemini Rosemont Development website, though clicking on the address takes you to a random landing page.

In 2020, Gemini Rosemont bought the former La Salle annex at 38 Second Ave. and Second Street. The $14.5 million purchase of the four-story building was the third of three contiguous plots they acquired. The Los Angeles-based commercial real estate investment company closed on 42-44 Second Ave. and 46-48 Second Ave. (the former Church of the Nativity) in March 2020 for $40 million

To date, we have not seen any new notices about the sale of this lot. (Maybe you have and want to share?)

So the space will likely remain vacant for a few more years ... by the time someone makes a purchase and gets any new plans approved. 

Monday, June 26, 2023

[Updated] At 2nd and 2nd, activity in the lot that will yield an 11-story building

Updated 6/27

A Gemini Rosemont Development spokesperson confirmed what a commenter said. This project is on hold. Specifically: "The project is frozen and we are currently evaluating options for the site."

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There has been some activity in the empty lot on the east side of Second Avenue between Second Street and Third Street. 

In recent weeks, workers removed the wheatpaste-ad-filled plywood fencing and put in a chainlink fence. On separate occasions, we spotted two workers... once they picked up random bricks and stones and placed them in a dumpster... and then, days later, collected trash...
As previously reported (first here), there are approved work permits (as of last summer) for an 11-floor mixed-use building on the site of a former three-building parcel.

Gemini Rosemont Development is behind this 100,568-square-foot new building ... the development, using 42 E. Second St. for its address, will feature 88 residential units and 9,600 square feet for retail.

In 2020, Gemini Rosemont bought the former La Salle annex at 38 Second Ave. and Second Street. The $14.5 million purchase of the four-story building was the third of three contiguous plots they acquired. The Los Angeles-based commercial real-estate investment company closed on 42-44 Second Ave. and 46-48 Second Ave. (the former Church of the Nativity) in March 2020 for $40 million

As a reminder, here's the rendering for the development...

Monday, August 22, 2022

Here's the first look at the new residential building coming to 2nd Avenue and 2nd Street

The rendering has arrived on the plywood along Second Avenue between Second Street and Third Street... offering the first look at the 11-floor mixed-use building that will rise on the east side of the avenue... brace!
As previously reported, Gemini Rosemont Development is behind this 100,568-square-foot new building ... the development, using 42 E. Second St. for its address, will feature 88 residential units (likely condos given the square footage) and 9,600 square feet for retail.

In 2020, Gemini Rosemont bought the former La Salle annex at 38 Second Ave. and Second Street. The $14.5 million purchase of the four-story building was the third of three contiguous plots that they acquired. The Los Angeles-based commercial real-estate investment company closed on 42-44 Second Ave. and 46-48 Second Ave. (the former Church of the Nativity) in March 2020 for $40 million
The rendering lists a 2025 completion date.