200-Year-Old Row of Federal Houses on Grand Street to be Razed for this 7-Story Rental Building
Gentrification, visualized, as the eastern fringe of Chinatown Grand Street is willed to become the new art destination.
To fulfill the dream, one local stakeholder is about to take a huge chunk out of the area. The historic row of federal houses comprising 282-286 Grand – on this block since roughly 1820 – is on the short-list for demolition. Permits were issued by the Department of Buildings this month.
Its owner – former oncologist-cum-art dealer Marc Straus – has major plans to redevelop the properties into a luxury condo with heavy focus on art. Straus, who currently maintains a showroom at 299 Grand Street, partnered with architectural firm Peterson Rich Office and Vito Errico. This latest plan is a marked departure from the November 2015 pitch, when the slate of properties initially hit the market as commercial rentals under the “Grand Galleries” moniker.
Anyway, the revised plan is to demolish the Grand Street structures and erect a seven-story residential building with bronze colored “rain screen” exterior. The floor area covers roughly 20,000 square-feet, housing twenty condo apartments and two penthouses. All are one-bedrooms (550 square-feet) except for the latter. Ground-break is slated for this spring with a target completion of fall 2018.
As for design, Arch Paper noted that PRO “conceptualized the building as a new tenement, retaining the proportional vernacular of 19th and 20th century tenement buildings common in the vicinity.” Whatever that means. The so-called rain screen facade, which doubles as both shading function and louvered panel for air exchange, will be sheathed in bronze-colored Kynar paint, “emulating the surrounding yellow and red street signage.”
Guess the crumbling facade of 286 Grand last week was just a precursor…
It’s also worth mentioning that PRO is the same firm behind the relocation of Galerie Perrotin at 130 Orchard Street.
Babble from the website:
The Lower East Side is fast becoming the most exciting district for the Arts in New York City, and 282 GRAND STREET is in the center of all the action. Designed by the award-winning architects Peterson Rich Office, 282 GRAND STREET is a new luxurious rental development with over 6,000 square feet of commercial gallery space on the street and lower levels, and residences beginning on the second floor. Neighbor to some of the best contemporary art galleries and museums, food and entertainment establishments the city has to offer, 282
GRAND STREET is also high accessible with several subway lines a stone’s throw away.
Slated to launch in early 2018, 282 GRAND STREET is an address earmarked to be the city’s next exciting art destination. If you’re thinking of setting up in New York City, or migrating from Chelsea or the Upper East Side, look no further… here’s a rare opportunity for you to do so.