Streit’s Gets Scaffolding, Demolition for Condos Coming Soon
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And so it begins.
The fall of Streit’s Matzo factory officially commenced yesterday with the initial assembly of scaffolding. Exterior of 150 Rivington Street will soon be behind bars.
This new appendage is the first step in a larger plan to install a seven-story condo building atop the former matzo factory. It’ll sport forty-five condo units, including four duplexes on the seventh/eighth floor. Building amenities include bike room, gym, laundry, storage, and rooftop terrace. Modular housing architect Gluck+ is retained as architect of record.
Before any condo conversion happens at the development site, though, the upper two-thirds of 150 Rivington must first fall. It’s an interim phase calculated to create a one-story commercial structure with ground level retail.
Several elements of this conversion plan, however, remain “disapproved” by the Department of Buildings.
Cogswell Realty purchased the assemblage of 148-152 Rivington last year for $30.5 million. Streit’s subsequently purchased a new facility up in Rockland County, its first move in ninety years.