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Workers yesterday started erecting the sidewalk bridge around the northeast corner of Third Avenue and St. Mark's Place, marking the next phase of demolition. (H/T Steven, Nick Solares and @unitof!)
Until yesterday, the prep work was going on inside the vacant assemblage of buildings — 3 St. Mark’s Place, 23 and 25-27 Third Avenue. This has been a long time coming: Permits were filed in March 2018 to tear down the existing structures to make way for an office building with ground-floor retail.
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[Photo yesterday afternoon by Steven]
The size of this new building has yet to be determined. As previously reported, Real Estate Equities Corporation (REEC) wants to transfer the air rights from the landmarked Hamilton-Holly House at 4 St. Mark's Place to add more floors and square footage to their office building.
REEC has already filed permits (last October) for an as-of-right five-story, 29,030-square-foot building on the corner. If the air rights deal is ultimately OK'd, then the Morris Adjimi-designed building at 3 St. Mark's Place would rise to 10 stories.
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The Landmarks Preservation Commission heard the application to transfer the air rights back on April 9. In the end, they asked REEC and Adjimi to return with some modifications.
REEC picked up the 99-year leasehold for the properties — housing McDonald's, the Continental, Korilla BBQ and Papaya King, among others — for nearly $150 million in November 2017. The corner assemblage is owned by the Gabay family.
Meanwhile, the once-completed sidewalk bridge should make for a popular hangout this coming summer.
Previously on EV Grieve:
Demolition permits filed for northeast corner of 3rd Avenue and St. Mark's Place
End is nearing for the businesses on the northeast corner of 3rd Avenue and St. Mark's Place
New building plans revealed for 3rd Avenue and St. Mark's Place
Concern over potential air-rights transfer for new office building on St. Mark's Place and 3rd Avenue
Developers of 3 St. Mark's Place are looking to increase the size of their proposed office building at 3rd Avenue to 10 floors with air-rights deal
The lobbyists behind the air-rights transfer and zoning variance for 3 St. Mark's Place