Getting Acquainted with the Wall of Glass on the LES Waterfront

Posted on: February 16th, 2017 at 5:00 am by

The new Lower East Side waterfront

The new Lower East Side waterfront

Two of three waterfront developers offered an informational session last night regarding the wall of glass planned for the coastline. Starrett Development and L+M Development/CIM Group respectively presented highlights of 259 Clinton Street and 260 South Street to the Land Use subcommittee of Community Board 3. There was a subtle feeling of defeat detectable in the air, though. Of knowing that nothing will derail this gravy train.

If only we had a dollar for every time the word “affordable” was uttered during the dual presentations, we’d be able to make rent. Hyperbole, to be fair, yet such was the case throughout the evening. Both supertall skyscrapers were pitched through the lens of “affordability.” Both developers committed to earmarking 25% of overall apartments as affordable housing.

The ultimate takeaway is that the developers are in the opening stages of the preliminary phase; they didn’t want the public to forget that. With that said, here are some nuts and bolts…

259 clinton st. #1

259 Clinton Street, 724 Feet/62 Stories

  • They build projects “with the community not within the community.”
  • 750 units, with roughly 187 earmarked (25%) as “permanently affordable.”
  • There will be 14 units per floor; no basement.
  • Retail will face South Street.
  • Built above flood plain. Landscaping will increase resilience, and is “similar to the High Line.”
  • Ground-break in 2018; completion in 2021.

260South-diagram

260 South Street, 798 Feet/69 Stories

  • To be built on the current parking lot for the Lands End II complex.
  • Two towers – one rising 798 feet, the other 728 feet – will sit atop a podium.
  • 1,350 units, with roughly 338 earmarked (25%) as “permanently affordable.”
  • Coupled with the renewal of Section 8 commitments in Lands End II, the block will house 45% of the housing on the block will be affordable.
  • There will be landscaping in the new courtyard created by the three buildings. 
  • Two retail pavilions proposed for Cherry Street front.

Number of apartments projected is constrained by whether the 421-a tax abatement program is revived.

Next steps are related to the environmental studies (EIS) which remain on track for a final scoping session in the fall, despite community opposition and push for pause to engage in more community discussion.

Recent Stories

Game Over for ‘Water World Amusements’ Arcade on Essex Street

Much like the movie of same, Water World Amusements unceremoniously sunk. The arcade, which opened just over a year ago at 35 Essex Street, is no more. Gaming cabinets remain locked in the dark retail space, while leasing signage dominates the store marquee. That this game room failed to hit is not a shock. Water […]

‘Greens and Grains’ Shutters, While Famous Hakki Readies Essex Chicken Spot

Greens and Grains is no more after a year in business, as Hell Square eats another of its own. Instead, the so-called Pizza Champion is opening a chicken-focused eatery. Hakki Akdeniz, who owns a plethora of pizzerias around the neighborhood, is planning to open Essex Chicken at 115 Essex Street. Just a few doors down […]

La Pecora Bianca to Open Another Outpost at Former Delicatessen Space on Prince Street

Delicatessen shuttered suddenly last month after eleven years in Little Italy. However, its demise is actually months in the making, and with a big-name takeover on the way, to boot. The 2,000 square-foot corner space at 265 Lafayette (aka 54 Prince) is to become the third Manhattan outpost of La Pecora Bianca. And renovations are […]

Zara Looks to Legalize its Oversized SoHo Flagship Store

The flagship Zara store on Broadway is hoping to legalize its SoHo footprint by altering the current zoning. Zara, which purchased the commercial condo at 503 Broadway in 2015 for $284 million, occupies a much larger footprint than what is permitted under the current zoning. (Former location of Old Navy from 1998 to 2015.) Once […]

Does this East Broadway Traffic Pattern Change Alleviate Bridge Congestion?

As part of the effort to address the logjam to the Williamsburg Bridge, there was a previous update to the traffic pattern near the Lower East Side on-ramp. Motorists can no longer turn onto Clinton Street from East Broadway during nighttime hours. New signs have been in place beside the signals. But has this simple […]