Extell Holding Public Presentation About Its Pathmark-Killing, 68-Story Skyscraper

Posted on: June 2nd, 2014 at 6:07 am by
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Exactly a month after demolition activities began, 227 Cherry Street is now nothing more than a skeleton of its former self.

And while the systematic pulverization of the Pathmark wraps up, the Lower East Side community anxiously awaits the eventual force-feeding of 68 stories of upscale residential. With good reason, too. Since news first broke about the supermarket demise and skyscraper replacement, the Extell Development Company was never forthcoming about its plans, and notoriously hung the media out to dry. Yet now the high-profile city developer is finally coming clean about its grandiose intentions for this gargantuan parcel of land.

Extell will give a public presentation on its development at CB3’s Land Use, Zoning, Public & Private Housing subcommittee meeting on June 18.

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As previously reported, the tower will bring 787 residential units to the corner of Pike and Cherry Streets. All at the expense of a neighborhood necessity. The likelihood of a budget grocery returning here seems slim at best.

Extell purchased the development site last year for $175 million.

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