14-Story Luxury Tower Planned for Chrystie Street Corridor

Posted on: December 13th, 2017 at 5:06 am by

JR and Os Gemeos, August 2015

Once again, art was employed as precursor to demolition. In this case, it was JR and Os Gemeos as it relates to 199 Chrystie Street, an old tenement walk-up that’s been slated for a gold-crusted makeover.

Both this building and its immediate neighbor to the north are slated for destruction in the coming months to make way for a 14-story luxury tower on the spot.

Owner-developer KD Sagamore, which scooped up the two properties over the last couple years for a combined $20 million, recently filed the requisite permits for demolition and re-development. Also submitted were plans for the 14-story, 39,188 square-foot condo with 14 aparments, ground level retail, gym, and rooftop terrace. According to the Real Deal, each unit will measure roughly 2,565 square-feet on average.

This busy corridor of Chrystie Street is slowly being picked off by the one-percent. There are currently two ten-story, ODA-designed condo projects underway just south of Rivington Street. The Public Hotel (plus condos) across the street is also accomplice.

Recent Stories

Michael Shah Spent $19M on this Hell Square Tenement Building

On Wednesday, we reported that Michael Shah (Delshah Capital) picked up the Hell Square tenement at 138 Ludlow Street. With the transaction now public, it appears the controversial landlord paid $19 million for the property. Spending that kind of coin on a pre-war walkup means one thing. The requisite upscaling to luxury living. “Despite its […]

Brooklyn Diamond Coffee Fades from Lafayette Street

It’s no longer proverbial diamond in the rough (of Lafayette Street). Brooklyn Diamond, the upstart coffee shop, shuttered its SoHo java joint earlier this month. Brown butcher paper now hangs in the windows of 234 Lafayette, capping a brief tenure that barely lasted eight months. The original Brooklyn location also appears to be kaput. Both […]

Bowery Landlord Must Fix Unstable Staircase within 2 Weeks, City Says

Controversial landlord Joseph Betesh must fix the destabilized staircase inside 85 Bowery within two weeks, the city stated yesterday after dozens of tenants were evacuated from their homes. As part of the ongoing legal case between Betesh and the tenant association here, the State Supreme Court yesterday afternoon ordered a city inspection of the property. Apparently, the […]

Boss Tweed’s Saloon Won’t be Returning to Essex Street

Today in news that won’t surprise, we can report that Boss Tweed’s Saloon will not be returning to Essex Street. The City Marshals came to the long-shuttered nightclub and seized the space on behalf of the landlord. Boss Tweed’s barely survived its reboot, having spent five months in the wild before a 20-year-old Jersey girl […]

Breaking: DOB Evacuates Embattled Betesh Tenants from 85 Bowery

Down on the Bowery, total pandemonium right now as the authorities just evacuated the embattled tenants of 85 Bowery. Apparently the primary staircase is destabilized due to purported neglect, and a vacate order subsequently issued. This sudden liquidation follows a month after the state Department of Homes and Community Renewal (DHCR) determined that apartments in […]