7-Story Luxury Residential Building to Replace Warehouse at 155 Attorney Street
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Attorney Street north of Nathan Straus Playground is one of the last enclaves of genuine Lower East Side, and one of our favorite photo subjects. Commercial businesses here include two large warehouses – Ludlow Garage Inc. (once located in the future Soho House on Ludlow), and the Plaintains food and beverage wholesaler. Warehouses that are now both worth a pretty penny.
But the wave of gentrification is breaking on all fronts; high tide is nigh. Around the corner on East Houston (#331), a new thirteen-floor residential development is in its infancy. Then there’s the ongoing threat of development in the Siempre Verde Garden. But the next domino to fall in this evil game is 155 Attorney.
Midtown Equities, who also recently acquired Soho House, snapped up the property earlier this year. While the purchase price is unknown, there are some dated listings that show a tag of $15 million. Once the brick box is demolished, the plan is to erect a 30,000 square-foot luxury rental building that will boast 36 high-end units. The seven-story building will also house storage space, bicycle parking, and a rec room. Urban architecture firm Studio V is reportedly designing the project.
[via Real Deal]