Groundbreak for the Delancey Bridge Tower Condos
Give it another three-plus years, and the River Ridge Condos will have a sibling in the Delancey Bridge Tower, which officially broke ground recently. Somehow a consortium of 53 Chinese-American investors think they can turn a trick with upscale residential here at the entrance to the Williamsburg Bridge. Michael Kang was tapped for the project after five adjacent parcels near the corner of Pitt Street were purchased for $8.48 million.
210 Delancey Street is the primary address of the development, which housed the T&J Auto Repair shop for almost sixty years (we already miss the garden and partially-buried car). The family that owned the mechanic had previously purchased the four other lots – 206 and 208 Delancey, 49 and 51 Pitt – and finally decided to cash out. Wrecking ball arrived last spring to remove the one-story garage from the map, leaving the space a walled-off dormancy until now.
Permits were filed back in September, but foundation work is already underway – piledriver and backhoe arrived onsite ready to pound this Lower East Side corner into submission. The Delancey Bridge Tower will reportedly rise 12 stories and offer 69 condo apartments and a 8,352 square-foot community facility.
Scheduled completion date is September of 2015, according to the “What’s Going on Here” signage. Do you think high-end condos can work here, considering the proximity to the bridge?