Decapitation of Streit’s Matzo Factory Building on Rivington Street Nets DOB Approval
This image has been archived or removed.
It took about a month, but the Department of Buildings is finally on board with plans to decapitate the sizeable mid-section of the Streit’s Matzo Factory. The proposal – submitted by Cogswell Realty in October – received official approval yesterday.
As previously reported, Cogswell will not only remove the upper floors of 150 Rivington Street, but also renovate the ground and basement for retail use. The total square-footage here will be reduced to 10,219 square-feet for retail on the first level and commercial space on the second floor. It’s not immediately clear, however, what the real plan is here. In reality, though, it’s safe to say that this action is probably just a preemptive move to ensure the contiguous buildings are not landmarked in the near future.
The demolition is also a means to an end. Cogswell Realty, which purchased 148-154 Rivington Street for $30.5 million, partnered with modular housing designers Gluck+ for an eventual new development. The developer was also reportedly in talks to purchase 14,000 square-feet of air rights for $2.7 million from the nearby Suffolk Homes.
Streit’s is presently amidst relocation to Rockland County, its first move in some ninety years.
Our numerous requests for comment have gone unanswered by Cogswell Realty.