Ben Shaoul Plans 10-Story Mixed-Use Building at 196 Orchard Street

Posted on: November 14th, 2014 at 5:06 pm by
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And it begins. More fuckin’ Orchard Street construction on the way…

Ben “Sledgehammer” Shaoul and his Magnum Real Estate empire are preparing the much-anticipated development at the corner of East Houston and Orchard Streets. You’ll recall that the landlord acquired the corner properties earlier this year for an undisclosed amount.

Shaoul filed the permit application today for 196 Orchard Street, currently the one-story home of Karaoke Boho (none of the other affected addresses carry similar paperwork). The current plans call for a ten-story (120 feet) mixed-use tower with 94,923 square-feet of residential and a commercial footprint of 13,463 square-feet. There will be 83 dwelling units and community facility space for a “physical culture establishment” (i.e. Gym). Retail is part of the equation, as well. The new building will likely wipe out the adjacent properties (Taqueria, AAA Ichiban Sushi).

Back in August, we revealed proof that Shaoul was in fact buyer of the parcels. Katz’s Deli owner Jake Dell had also confirmed that his air rights were sold, but wouldn’t disclose the buyer. While not confirmed, that transaction seems obvious enough.

The 120-foot height is the zoning limit as set forth by the 2008 East Village/Lower East Side rezoning.

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Prime meat for developers

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