Foundation Work Begins on 8-Story Condo Project at 260 Bowery

Posted on: July 14th, 2017 at 5:11 am by

The three-story building that stood at 260 Bowery for decades is long gone. Demolished seven months ago to make way for more luxury living along the upper crust Bowery 2.0. Now, after an extended dormancy period, it appears the construction work has begun.

A backhoe is already beginning the excavation work for the foundation in the rear of the lot.

As previously reported, Premier Equities purchased 260 Bowery in November 2015 for $10 million, shortly after word leaked of the forthcoming eight-story replacement. Plans for the newcomer were filed with the city more than a year ago, but permits were finally issued by Department of Buildings, albeit partially, back in May. According to the paperwork on file with the city, the revised luxury building contains four full-floor apartments capped by a duplex penthouse and rooftop recreation area, all divided across 14,623 square-feet of space; there is also 4,898 square-feet of retail to occupy the ground, cellar, and second floors.

Architect of record is Morris Adjmi who also designed the boondoggle of a condo project next door at 250 Bowery.

Meanwhile, the brokerage RKF Realty is already repping the retail space for price unknown.

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