Foundation Work Begins on 8-Story Condo Project at 260 Bowery

Posted on: July 14th, 2017 at 5:11 am by

The three-story building that stood at 260 Bowery for decades is long gone. Demolished seven months ago to make way for more luxury living along the upper crust Bowery 2.0. Now, after an extended dormancy period, it appears the construction work has begun.

A backhoe is already beginning the excavation work for the foundation in the rear of the lot.

As previously reported, Premier Equities purchased 260 Bowery in November 2015 for $10 million, shortly after word leaked of the forthcoming eight-story replacement. Plans for the newcomer were filed with the city more than a year ago, but permits were finally issued by Department of Buildings, albeit partially, back in May. According to the paperwork on file with the city, the revised luxury building contains four full-floor apartments capped by a duplex penthouse and rooftop recreation area, all divided across 14,623 square-feet of space; there is also 4,898 square-feet of retail to occupy the ground, cellar, and second floors.

Architect of record is Morris Adjmi who also designed the boondoggle of a condo project next door at 250 Bowery.

Meanwhile, the brokerage RKF Realty is already repping the retail space for price unknown.

Recent Stories

Schiller’s Liquor Bar Closes for Good on August 13

Storied McNally haunt, Schiller’s Liquor Bar, has less than a month to live. Employees are telling customers that the last day in business is probably August 13. As previously reported, the fourteen-year-old bar has fallen victim to a substantial rent hike. Management announced the imminent closure back in May with an email blast explaining the […]

Division Street Pedestrian Plaza is Also Getting Refurbished

Much like its newer sibling down the block (at Straus Square), the small median triangle of Division Street at the confluence of Ludlow and Canal, is likewise ready for a makeover. Closed to traffic for nearly a decade, the 1,000 square-foot roadway is receiving some refocused attention from the Department of Transportation this month. Indeed, […]

Reconstruction of DeSalvio Playground Finally Moves Forward

DeSalvio Playground at Spring and Mulberry Streets in Little Italy is off-limits for the foreseeable future. The park is finally undergoing its long-awaited reconstruction. Parks Department workers dismantled the playground yesterday and the space is now another neighborhood construction zone. The $1.9 million project, which received funding from the City Council and Manhattan Borough President Gale […]

Samy Mahfar Sells ‘Jones LES’ Rentals for $62M

The Jones LES luxury rental building on East Houston officially traded hands last week for a cool $62 million. Final deal price for the 67,600 square-foot rental property is just a tad north of what was reported in June. Controversial landlord Samy Mahfar is laughing all the way to the bank with this transaction. His SMA […]

Cops Nab Perp After 3 Failed Bank Robbery Attempts on the Lower East Side

The twenty-two-year-old perpetrator behind a trio of unsuccessful Lower East Side robbery attempts was nabbed yesterday, police said. His name is Richard Callison of Oradell, NJ.  The man, who donned a fisherman hat and sunglasses, first hit the Bank of America at Delancey and Ludlow Streets on Tuesday afternoon. He allegedly passed a note demanding […]