Showing posts with label 71 Fourth Avenue. Show all posts
Showing posts with label 71 Fourth Avenue. Show all posts

Tuesday, July 14, 2015

10 stories of condos in the works for the long-vacant corner of 4th Avenue and East 10th Street

[Photo from 2012]

There are new plans for the long-empty corner space on Fourth Avenue and East 10th Street.

As New York Yimby first reported:

New building applications were filed over the weekend for a 10-story, eight-unit building on the site. The first floor would hold 2,600 square feet of retail, followed by nine stories of apartments. Those eight units would spread across 22,934 square feet, for an incredibly spacious average unit of 2,866 square feet. These will clearly be condos, and expensive ones at that. The Schedule A doesn’t specify, but we expect one apartment per floor with a penthouse duplex on top.

And this is one of the renderings that have been attached to the corner…



The lot hit the market in June 2013 for $24 million.

There were once plans to build a 13-story hotel here, though the city never OK'd that proposal, as Curbed reported in 2009.

The previous tenants, including the Green East deli and St. Marx Music (and previously the Atlas Barber School), were cleared out in early 2007.

NYY also noted that the development will include a four-story, turn-of-the-century townhouse next door at 82 E. 10th St. Not sure if that means renovate and add on to the existing building … or demolish and build on the property… (Turn to Vanishing New York for more on this history of 82 E. 10th St.)


[82 E. 10th St. via Google]

Previously on EV Grieve:
The 'tremendous retail potential' of East 10th Street and 4th Avenue

Tuesday, July 23, 2013

An 'especially dramatic' retail opportunity for Fourth Avenue



Last month, plans emerged about developing the long empty space on East 10th Street and Fourth Avenue. The Massey Knakal listing notes that "plans exist for a nine story mixed-use building with 8 floor through apartments and a bi-level retail space with double height ceilings."

And now the retail portion of the potential development is on the books. Per the Massey Knakal listing:

This prominient corner retail space will be located on the southeast corner of Fourth Avenue and East 10th Street. Currently, the site is under construction, and the anticipated possession date will be one and a half to two years from now. The site also provides an exceptional opportunity, which could accommodate a variety of uses. The space will house over 2,600 square feet of column-free space on the ground floor and over 3,500 square feet on the lower level. The lower level will also feature partial double-height ceilings, making the space especially dramatic.


No word on the asking rent for the retail space. But! The price for the lot is $24 million.

Tuesday, June 25, 2013

The 'tremendous retail potential' of East 10th Street and 4th Avenue


There are renewed efforts to develop the long empty space on East 10th Street and Fourth Avenue ... for sale signs appeared on the corner lot last week ... There were plans to build a 13-story hotel here, though the city never OK'd that proposal, as Curbed reported in 2009.

Now what is being pitched? According to the Massey Knakal listing:

This prime residential development site is located on the southeast corner of Fourth Avenue and East 10th Street. Currently, there are two seperate buildings, but both the properties can be delivered vacant to allow for future development. Plans exist for a nine story mixed-use building with 8 floor through apartments and a bi-level retail space with double height ceilings. The existing properties are also available for lease.

This corner site has tremendous retail potential. Astor Place, which is only two blocks to the south, is a major transportation hub ... Minskoff Equities’ 51 Astor Place has been a game changer for the area. Designed by Japanese architect Fumihiko Maki, it reaches 13 stories with 400,000 rentable square feet. Its top office floors are asking over $100/SF and its retail is rumored to be looking for $300s/SF. The retail at 41 7th Avenue will certainly benefit from its close proximity and should be able to achieve $200/SF from a luxury retailer or top restauranteur.
And here is a rendering showing the possibilities...



Price for the lot: $24 million.

A market and St. Marx Music were the most recent tenants here, going back to 2007 ... Jeremiah Moss, who has written extensively about this corridor's history, has more about the plans for East 10th Street and Fourth Avenue today here ....