324-326 Grand Street Now Slated for 7-Story Mixed-Use Building

Posted on: April 15th, 2013 at 6:10 am by
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So long has this Grand Street lot remained vacant that, at one point, weeds had sprouted into full-fledged trees. Situated between Orchard and Ludlow Streets, this particular parcel is one of the few remaining reminders of the local economic downturn in recent years. The pock-marked foundation is still visible amidst the clutter and urban overgrowth. Hopes had been high in development circles for this three-lot property after its predecessor buildings were razed back in 2008.

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[324-326 Grand, Aftermath of Hurricane Sandy]It was to become another of the posh boutique hotels that circle the neighborhood like a pack of vultures, spearheaded by controversial landlord Baruch Singer. But the idea for an eighteen-story lodge (thirty-six keys) at 324-326 Grand was shelved rather quickly after the market went south. Singer then listed the vacant land on the chopping block two years ago, and fetched $4.8 million from “326 Grand Realty, Inc.” On paper. Despite the sale, it appears the Singer family might still be involved with the new project (Avi Singer at 95 Delancey), which was actually reactivated last week.

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Indeed, the decrepit plywood perimeter, which somehow survived a bout with Hurricane Sandy, was swapped with a fresh blue one. A certain signal of change. Renewed DOB permits reveal some new clues about the updated plans for the mixed-use site. Building height is now almost halved to seven stories, or 75 feet. There will be 20 total dwelling units, which equates to 13,692 square-feet of residential living space; the remaining 3,738 square-feet is reserved for commercial use.

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