Report: New owners for the empty lot at 14th Street and Avenue C

[EVG file photo]

The long-empty lot at East 14th Street and Avenue C has new owners.

The Real Deal is reporting that Brooklyn's Rabsky Group scrapped plans for its first Manhattan project here, selling the property to Opal Holdings, a real-estate investment firm led by Shaya and Shulamit Prager, for $23 million. No word just yet what they have planned for the site.

Rabsky reportedly paid $15 million for the property in 2014. The one-level structure that was demolished here in early 2015 previously housed R&S Strauss auto parts store, which closed in April 2009.

There were approved permits for a 14-story building totaling 63,932 square feet, with 8,064 square feet for retail ... and 21,991 square feet for a community facility.

Not much has happened here since the demolition of the former Strauss store. As many commenters have pointed out in the past, this corner was about 5-6 feet under water during Sandy.

Previously on EV Grieve:
Development back in play for East 14th Street and Avenue C

More details on the sale of 644 E. 14th St.

Here comes a 15-story retail-residential complex for East 14th Street and Avenue C

Prepping the former R&S Strauss auto parts store for demolition on East 14th Street and Avenue C

City OKs 15-story mixed-use retail-residential building on 14th and C

14th and C now waiting for the Karl Fischer-designed 15-story retail-residential complex

14th and C still waiting for its Karl Fischer-designed retail-residential complex

14th and C still waiting for its Karl Fischer-designed retail-residential complex

Nearly a year has passed since we've done a post about 644 E. 14th St., where a mixed-use retail-residential complex has the go at the corner of Avenue C.

As you can see, there hasn't been much — or any — progress on this plot of land that previously housed the single-level R&S Strauss auto parts store, which closed in April 2009.







Anyway, a look at the DOB files show some amended documents as of September 2015 ... with a slightly different-sized building. Previously, permits showed a 15-story mixed-use retail-residential complex totaling 61,789 square feet. DOB permits showed 8,578 square feet of commercial space on the ground floor... and 18,937 square feet for a community facility.

The amended permits show a 14-story building totaling 63,932 square feet, with 8,064 square feet for retail ... and 21,991 square feet for a community facility. The Schedule A still shows 50 apartments.

The prolific Karl Fischer is the architect of record. (His other EV work includes The Robyn on East Third Street and The Nathaniel on East 12th Street.)

No sign of renderings yet for No. 644. But we did spot some sexy diagrams at the DOB for the address...




[Click to go big]

The diagrams do indicate balconies for the units, which are on floors 6 through 14. The documents also note "flood gate storage" on the first floor. Not sure exactly what that is, but it sounds like a good idea. This corner was about 3-6 feet under water during Sandy.

Previously on EV Grieve:
Development back in play for East 14th Street and Avenue C

More details on the sale of 644 E. 14th St.

Here comes a 15-story retail-residential complex for East 14th Street and Avenue C

Prepping the former R&S Strauss auto parts store for demolition on East 14th Street and Avenue C

City OKs 15-story mixed-use retail-residential building on 14th and C

14th and C now waiting for the Karl Fischer-designed 15-story retail-residential complex

14th and C now waiting for the Karl Fischer-designed 15-story retail-residential complex

Crews have demolished the one-level structure at 644 E. 14th St. at Avenue C.



Coming soon, as previously reported: a 15-story mixed-use retail-residential complex here on the southwest corner.

The Karl Fischer-designed building will total 61,789 square feet. DOB permits show 8,578 square feet of commercial space on the ground floor. The remainder of the first five stories will host a community facility, which will span 18,937 square feet, and 50 apartments will sit above.

Per the signs not he plywood, the work will be completed by summer 2015. Hurry! Unless they mean the demo...



The previous tenant here was the R&S Strauss auto parts store, which closed in April 2009.

Previously on EV Grieve:
Development back in play for East 14th Street and Avenue C

More details on the sale of 644 E. 14th St.

Here comes a 15-story retail-residential complex for East 14th Street and Avenue C

Prepping the former R&S Strauss auto parts store for demolition on East 14th Street and Avenue C

City OKs 15-story mixed-use retail-residential building on 14th and C

Plywood arrives ahead of demolition at 14th and C; 15-story retail-residential building on the way

Workers yesterday erected a plywood fence around 644 E. 14th St. at Avenue C, site of the former R&S Strauss auto parts store.

All the paperwork is in place to demolish the one-level structure … and build a 15-story mixed-use retail-residential complex here on the southwest corner.

Per our last post on this: The Karl Fischer-designed building will total 61,789 square feet. DOB permits show 8,578 square feet of commercial space on the ground floor. The remainder of the first five stories will host a community facility, which will span 18,937 square feet, and 50 apartments will sit above, some even with views of the Con Ed power plant.

Thanks to ‏@KellerPeacenow9 for the photo!

Previously on EV Grieve:
Development back in play for East 14th Street and Avenue C

More details on the sale of 644 E. 14th St.

Here comes a 15-story retail-residential complex for East 14th Street and Avenue C

Prepping the former R&S Strauss auto parts store for demolition on East 14th Street and Avenue C

City OKs 15-story mixed-use retail-residential building on 14th and C

Development back in play for East 14th Street and Avenue C

[February 2012]

Looks as if there is renewed interest in the southwest corner of East 14th Street and Avenue C.

The R&S Strauss auto parts store here closed in the spring of 2009. And nothing has happened with the building since then (save the addition of more graffiti...)

Billy Gray reported at the Commercial Observer yesterday that Avison Young is now exclusively marketing 644 E. 14th St. "And a near-absence of height restrictions has brokers dangling the possibility of a tower on a site with 65,689 square feet of development rights," he noted.

As we previously reported in January:

According to the Massey Knakal Web site, the building was sold in January 2009 for $12.3 million. As the site noted: "The lot measures 114’9” x 88’and has a total buildable square footage of approximately 36,125 sq. ft. for residential use or 68,262 sq. ft. for a community facility, which will likely be the ultimate use of the property."

Turns out the buyer was Arun Bhatia, who currently has plans in place for a dorm at the former 35 Cooper Square. And the developer filed plans for a new 11-story building here on Dec. 23, 2009, per DOB records. The City disapproved the plans later in 2010.

These plans called for a 65,399-square-foot building. In an email to the Observer, Neil Helman of Avison Young's capital markets group said that the location "on two wide streets with virtually no restrictions on height limitations is also highly advantageous, enabling a tower to be erected, which would take advantage of the great East River views."

He expected a price to be the mid-$20 million range.

Is this a tough sell? The space is bounded by the Con Ed plant, which is prone to releasing steam pressure in the middle of the night and scaring the heck out of people.



... and Campos Plaza to the south... Security cameras, funded in part by City Councilmember Rosie Mendez's office, were installed here in March 2012 after an uptick in violence reportedly left residents living in fear.


Or is this really the beginning of a new era along here. As Jeremiah Moss wrote about R&S back in May 2008, this corner represents "an opening for the overall Meatpacking effect that is rippling up and down this main artery to reach deep into the East Village. The site has 'flagship opportunity' written all over it."

East 14th Street destined to become just like West 14th Street

As you know, we've been watching the R&S Strauss auto parts store on East 14th Street at Avenue C. Last May, the building was reportedly quietly put on the market for $13 million. And according to the Massey Knakal Web site, the building was sold in January for $12.3 million. As the site noted: "The lot measures 114’9” x 88’and has a total buildable square footage of approximately 36,125 sq. ft. for residential use or 68,262 sq. ft. for a community facility, which will likely be the ultimate use of the property."

We wrote the following on April 6:

News of a possible community facility is a relief for those among us thinking this sale could signal, as Jeremiah Moss wrote, "an opening for the overall Meatpacking effect that is rippling up and down this main artery to reach deep into the East Village."

Yeah, well: Stupid us for feeling any possible relief. According to the Times, the Arun Bhatia Development Organization -- who specialize in luxury condos and dorms -- bought the space. The Times article on the development of the eastern end of 14th Street concludes with the following on the former R.S. Strauss space:

The site, marketed for development, allows for stores and dozens of apartments, explained Joe Sitt, the Massey Knakal broker who handled the deal.



Yes, Mr. Sitt said, the nearby blocks, which hold mostly chain- and diner-variety eateries, have a way to go before they attract hip West 14th Street-style restaurants. But those typically follow new residences, and residents.



"It's not about 'Build it and they will come,'" he said. "It's 'Put a roof over their heads and they will dine.'"

Previously.