A Decade Later, 2 Developments on Grand Street Finally Nearing the Finish Line

Posted on: February 17th, 2016 at 5:12 am by
This image has been archived or removed.

At Grand and Orchard Streets, luxury speculation has gone from boom to bust, and again back to boom. The contiguous row of pastel-colored shops didn’t last into the new decade thanks to a visit from the wrecking ball.

Already eight excruciating years in the making, the mixed-use residential project at 324-326 Grand Street is finally nearing the finish line. The latest architectural addition to the seven-story building was the installation of new balcony ironwork over a year ago. Then, back in August, the scaffolding and sidewalk plywood was finally carted away, revealing the two commercial units. It’s starting to look like a real development. Took ’em long enough.

This latest luxury offering will contain 20 total dwelling units, equating to 13,692 square-feet of residential living space; the remaining 3,738 square-feet is reserved for commercial use. As previously reported, the original goal for this combined parcel was a 20-story hotel from the hand of Baruch Singer. The controversial landlord sold the property to “326 Grand Realty” a few years ago for $4.5 million, but this new owner is reportedly kin.

This image has been archived or removed.

February 2008, Bowery Boogie file photo

Meanwhile, the newer development on its eastern flank – 328 Grand – is at a similar stage in its life cycle. After eight years in development, the structure is but a furlong from accepting occupants. It topped out shortly after its neighbor. The exterior is also painted a darker hue.

This new structure – which also had early plans of hotel – is six stories (68 feet), and carries 6,711 square-feet of floor area. Much of that is relegated to residential use; seven units are planned, presumably indicating that each floor will carry one apartment.

CTM Properties is now seeking condo buyers and businesses to take leases here. Signage to that effect sits in the ground level windows.

This image has been archived or removed.

Photo: Curbed

Recent Stories

Ludlow House Expansion Proceeds with New Building Permits

More movement on the Ludlow House expansion, which is still proceeding rather slowly. Libation closed its doors forever in May of this year. Demise of the bridge-and-tunnel club was hastened by Ludlow House next door, which aims to redevelop the property into a venue annex. (They are leasing the property.) The plan is more than […]

Cops Arrest Bronx Perv for Sexual Assault of 82-Year-Old Woman in Rutgers Houses

Cops arrested a Bronx man on Friday in connection with the sexual assault of an 82-year-old woman in Rutgers Houses. Mott Haven resident, David Alexander, 29, currently faces charges of felony assault, burglary, sexual abuse and restriction of breathing. He’s accused of walking into the victim’s unlocked apartment at about 6pm last Tuesday. Alexander allegedly […]

Boulton & Watt Team Readies ‘Little Ricky’s’ on Ludlow Street

At the corner of Ludlow and Rivington Streets, change is nigh. No, not Beastie Boys Square, but the replacement of a fallen nightlife empire. That of Rob Shamlian. His Grunhaus reboot of Spitzer’s Corner failed to succeed, and closed last spring. In its place, the prolific team behind Boulton & Watt and Drexler’s – Darin […]

Bowery Boogie Uncapped Presents the Golden Gauntlet Graffiti Battle

Hold on to your hats, kids. It’s all out war on the Bowery! Have you ever wanted to see two graffiti writers battle live? Sure you do! I mean, many of us don’t know what we want until we hear about on the interweb, so you’re welcome. Tomorrow night, PACE SSB and REE MTA will […]

Six-Story Row House Replacement Tops out on Grand Street

At the corner of Essex and Grand Streets, two hundred years of history are officially erased. This six-story building – luxury condos – is the future. The drama here is more than four years in the making. After purchasing 355 Grand Street for $4 million in December 2014, Interboro Properties spent the next two years […]