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
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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.

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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.

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