10-Story Condo Development Will Rise Atop the Former BP Gas Station on 2nd Avenue

Posted on: July 1st, 2015 at 5:00 am by
This image has been archived or removed.

The vacant BP gas station on Second Avenue will be reborn hard as luxury living. Where a boutique hotel was previously rumored, a ten-story condo is development is instead underway.

This valuable corner parcel – 24 Second Avenue – has been under the knife since its sale to AORE Holdings LLC last July for $32 million. During the winter months, the construction crew extracted the three underground fuel storage tanks, but the site has largely remained quiet otherwise. And the former garage-snack shop remains intact despite the eight-month-old demolition papers.

Now this. Application materials were submitted to the Department of Buildings yesterday for the new ten-story, 120-foot residential building. The project, designed by RSVP Studio, will boast 52,700 square-feet of residential space and 6,000 square-feet of retail. Amenities include a bike storage room (16 bicycles), tenant storage, a fitness room, and a secon-floor “outdoor tenant recreation area.” It’s capped with a duplex penthouse with private roofdeck.

In addition, YIMBY unearthed the following rendering of the completed project.

This image has been archived or removed.

AORE Holdings LLC purchased the property itself – 24 Second Avenue – back in July 2014 for an unwieldy $32 million. BP and its symbiotic mechanic shop shuttered shortly thereafter. The development company is helmed by Yan Ouaknine and Dan Azogui, formerly of Brack Capital Real Estate.

This image has been archived or removed.

Recent Stories

Are We Really the Fairest Big City with a Mayor for the 1%? [Op-Ed]

The following editorial was written by David Tieu on behalf of Youth Against Displacement, a group formed by youth across the City who aim to stand up against the Mayor’s pro-developer agenda and protect our communities from displacement. Last week, New Yorkers were greeted with two new proposals from the de Blasio administration: a “municipal […]

‘The Forward’ Ceases Print Publication After 121 Years

The Forward will do so without its print edition. The 121-year-old Jewish-American publication, founded as the Yiddish language Jewish Daily Forward on the Lower East Side in 1897, suspended print operations this week and will refocus efforts toward its online verticals. As a result, forty percent of the staff was reportedly laid off, including editor-in-chief […]

RIP Lower East Side Man in White, ‘Jimmy Blanco’

It’s a sad day for the Lower East Side. Jimmy Becker, known colloquially as “Jimmy Blanco” for perennially roaming the streets dressed in all white, passed away this week after a battle with Lymphoma. It’s believed he was about 69 or 70. Apparently, a neighbor in his building called EMS a couple weeks ago after […]

Tictail Brick-and-Mortar Market on Orchard Street Goes Under

Tictail officially closed down its Lower East Side market last month. The former shop at 90 Orchard Street is now a vacancy with the token farewell letter on the door. This retail surrender follows just a short while after the Swedish startup’s high-profile acquisition by Shopify. As for what’s next, expect nightlife of some sort. […]

More on ‘Gouie New York’ Sake Bar at the Market Line

The team behind Itzakaya, Davelle, and Samurice is multiplying again on the Lower East Side. More specifically, joining the ever-swelling roster of the Market Line concourse at Essex Crossing. As previously reported, the entity is to be a Japanese sake bar called Gouie New York. And now we have some additional details, including sample menu […]