Report: Streit’s Matzo Factory is Going Condo, After All
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Today, in least shocking news ever, the former Streit’s Matzo factory is going condo. It’s confirmed.
Despite recent DOB filings to truncate the height of 150 Rivington Street to a bi-level commercial space, the long game here is to eventually install luxury living. Midtown-based Cogswell Realty, which forked over $30.5 million for the four-parcel assemblage, recently filed plans with the Attorney General’s office. The technical document submitted was reportedly a “CPS-1” application, allowing an applicant to “test the market” before officially filing a condo offering plan.
According to the public documents, 150 Rivington Street is to boast 45 residential condo apartments, a commercial condo on the ground floor, and 26 storage units.
The new development is presumably in partnership with architectural firm Gluck+ and will likely capitalize on the 14,000 square-feet of air rights sought from the nearby Suffolk Homes.
Meanwhile, Streit’s is presently amidst relocation to Rockland County, its first move in some ninety years.
[h/t Real Deal]