Ben Shaoul’s 10-Story Condo Project Installs Demolition Scaffolding at Orchard and East Houston

Posted on: April 27th, 2015 at 5:03 am by
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It’s fuckin’ happening. Over the weekend, a crew of contractors erected the requisite ironwork at the corner of East Houston and Orchard Streets, the precursor to demolition. The extent of carnage – and, frankly, size of the development parcel – is now perfectly drawn out. Indeed, the new sidewalk bridge sorta acts as a pseudo crime scene chalk outline. Takedown should commence in the coming weeks.

Ben Shaoul, along with Real Estate Equities Corp., purchased the assemblage of one-story stores for a combined $75 million. This monster sale was rumored for nearly a year, but didn’t actually close until earlier this month. The landlord-developer was able to purchase this large swath of territory thanks to a cash injection of $97 million from SL Green.

Coming soon – a ten-story (120 feet) mixed-use tumor designed by Ismael Leyva Architects, which fronts 100 feet along East Houston Street and roughly 120 feet along Orchard Street. The project boasts 94,923 square-feet of residential area and a commercial footprint of 13,463 square-feet. There will be 83 dwelling units and community facility space for a “physical culture establishment” (possibly a for-profit gym which isn’t typically allowed). Retail is part of the equation, as well.

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Ben Shaoul’s wet dream at 196 Orchard St.

For the moment, permits on file with the Department of Buildings for this particular condo building all carry a “disapproved” status. Including the demolition paperwork.

As previously reported, the purge of businesses began last year and remained ongoing until a couple weeks ago, when Karaoke Boho and 200 Orchard bar were both booted. Some of the commercial tenants were able to relocate (Taqueria, Empanada Mama, Karaoke Boho), while others were’nt so lucky.

The sale of Katz’s air rights last summer helped make this possible. But owner Jake Dell told us at the time that the cash windfall ensures the deli will remain here for years to come…

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