Long-Stalled Grand Street Project Reborn as ‘Co-Living’ Space

Posted on: April 12th, 2017 at 9:33 am by

quarters-grand-1_wm

Nine excruciating years in the making, the seven-story project at 324 Grand Street finally has its coming out party. It’s a different type of rental experience here.

The Medici Living Group inked a ten-year lease in the building, and is about to embark on a new “co-living” concept. Under the sub-brand called Quarters, the German firm’s first New York City location features 15 furnished apartments with three or more bedrooms, a kitchen, and two bathrooms. The gimmick here is that tenants have access to flexible lease terms, a roommate-matching service and a program manager to plan events.

quarters-grand-2_wm

According to the Wall Street Journal, monthly rent at Quarters starts at $1,799, with lease terms as short as three months to start and monthly renewals thereafter.

Meanwhile, the ground-level retail units are being pitched as perfect for restaurant use. Dream tenants sought for the spaces, according to the broker rendering (Ripco), are galleries and coffee shops. The West store is 2,000 square-feet and the east store is 1,800 square-feet, plus basement.

This particular combined parcel was demolished back in 2008. Spearheaded by then-owner, controversial landlord Baruch Singer, the property was initially slated to become another of the posh boutique hotels that circle the neighborhood like a pack of vultures. But the idea for an eighteen-story lodge (thirty-six keys) at 324-326 Grand was shelved rather quickly after the market went south.

June 2009

June 2009

Recent Stories

New M14 SBS Ticket Kiosks Installed on Essex and Grand

With the new M14 express bus service rolling out next month, so, too, is the related equipment. Namely, those sidewalk ticket kiosks. The latest to arrive are kiosks at the southbound Essex/Delancey stop (across from the new Essex Market), as well as the southbound Essex/Grand stop (outside Kossar’s). Neither are yet switched on. The new […]

Flowers Cafe Returns to Essex Street After 4 Years

What’s old is new again. Flowers Cafe, the retro cafe displaced by development four years ago, returned to its Lower East Side stomping grounds last week. The business reopened around the corner at 39 Essex Street last Friday with a free bagel promotion. You may have seen the handbills in the vicinity. We first reported […]

With Libation Shuttered, Soho House’s ‘Ludlow Garden’ Plan Quietly Proceeds

One year after word first broke, the demolition of Libation is nigh. The controversial Hell Square nightclub officially closed its doors last month after nearly two decades irking serving. Its clearance will ultimately yield a “garden annex” for the Ludlow House next door. Last spring, we reported that Soho House corporate planned to construct the […]

A Tree Falls on Chrystie Street

A tree falls on Chrystie Street, and plenty of people were there to see it. During the morning deluge yesterday, a tall timber from inside Sara D. Roosevelt Park toppled into the roadway of Chrystie Street, just north of Grand. The fallen tree straddled most of the pavement, but luckily no one was hurt. Only […]

PS 110 Hosts 5th Annual ‘Lower Eats Side Food Festival’ Tomorrow

Tomorrow afternoon, you can eat your way around the globe at the fifth annual “Lower Eats Side Festival.” As in years prior, the PTA at Public School 110 (aka the Florence Nightingale School) on Delancey Street is once again hosting this international food and music festival. First held in 2015 on the 110th anniversary of […]