11-Story Residential Building Slated for 287-289 East Houston
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The southeast corner of East Houston and Clinton Street Streets is about to receive some heft. An eleven-story payload, to be exact.
First, some recap.
Hogg Holdings (i.e. Andres Hogg) – backed by hedge funders Vinci Partners – purchased the adjoining properties of 287-289 East Houston a year ago for $15.2 million (under the “287 LES JV” corporate shell). Not much happened in the immediate aftermath, except the filing of demolition permits with the Department of Buidings last spring. All along, a 30,000 square-foot residential tower was threatened. They’re now coming through on that promise.
The Hogg submitted paperwork for the new project earlier this month. According to the public records, the eleven-story building will boast twenty-eight units across 29,070 square-feet of floor area. There will also be bicycle parking and storage space in the basement, plus an exercise room on the first floor. Jeffrey Cole Architects – based in Alphabet City – is tasked with overall design duties.
The overall project is still subject to the DOB zoning approval before proceeding.