Streit’s Matzo Condo Replacement Will Ascend 7-Stories
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It’s a turn of events that should come as no surprise to anyone. Not now. When Streit’s Matzo factory divested from the Lower East Side for $30.5 million and purchased a new facility in Rockland County, everyone knew its former Rivington Street digs would become luxury living for the 1%. The official confirmation came shortly before the new year.
Indeed, basic info on the replacement structure at 150 Rivington was released in mid-December. More concrete detail has come to light, though, thanks to public record. Several pending amendments filed with the Department of Buildings reveal just a few more tidbits about the new development. Most notably, that the replacement structure will rise seven stories and carry forty-five condo units, including four duplexes on the seventh/eighth floor. Building amenities include bike room, gym, laundry, storage, and rooftop terrace.
Before any condo conversion happens at the development site, though, the upper two-thirds of 150 Rivington must first bite the dust. It’s a move calculated to create a one-story commercial structure with ground level retail. Seems like the modular housing architect Gluck+ hopes to incorporate the unique storefront into the overall design. First things first, though, as those plans were again disapproved by the DOB three weeks ago.
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Streit’s move-out, July 2015
Cogswell Realty purchased the assemblage 148-152 Rivington Street last year for $30.5 million. No more matzo for the Lower East Side.
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