Luxury 210 Bowery Ascends to Summit, Despite Past Stability Concerns

Posted on: November 1st, 2016 at 5:09 am by
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It’s been over a year – if you can believe it – since 210 Bowery succumbed to stability issues. Recall that a brick wall in the basement collapsed and injured two contractors digging for an elevator shaft. No one was taking any chances on safety that day, especially in the wake of the 2nd Avenue Explosion, so the entire site was shut down and deemed an emergency area.

Fast forward current, and the cause of last summer’s problem is further along to completion. Progress anew. The elevator shaft, spine of the construction project is proceeding upward through the development. Those steel supports holding up the neighboring building were removed several months ago as construction on the superstructure ramped up. As of this week, the new 210 Bowery sits at roughly seven stories.

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All this drama for an eight-story payload of luxury housing to 210 Bowery. The former 1930s-era flophouse has been undergoing foundation and underpinning work since February 2015. As previously reported, Acadia Realty Trust purchased the property four years ago for $7.5 million.

If and when this job is ever completed (initial target was March 2016), the new development will boast seven full-floor units comprising 12,824 square-feet of floor area; the single commercial space is slated for 1,989 square-feet. Amenities include roof deck, basement storage, and seven bicycle spaces.

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