Ben Shaoul’s Condo Development at 196 Orchard Street Reaches 8-Story Height
Since this past spring, the new condo development by hated landlord Ben Shaoul has made steady progress. Nothing is stopping this ascent. The superstructure of 196 Orchard Street is already at approximately eight stories, and still has about three to go.
The so-called “Sledgehammer,” Ben Shaoul, scooped up this block of East Houston for $75 million (including $17 million in air rights from Katz’s Deli) in 2014, demolished it, and is now rebuilding. As previously reported, the project carries ninety-four apartments split between studios and one-bedrooms. Residents will gain access to the 30,000 square-foot Equinox gym onsite, plus landscaped roof terrace, and bicycle storage. Some apartments come with private balconies and courtyards. Prices start at just north of $1 million, pitched as “mid-market luxury” housing. Only ten units are currently available at 196 Orchard, according to StreetEasy.
This block has certainly been through this before. Several times in the last decade, to be sure. Again, the decimated upper reaches are semi-temporarily blocked off for yet another shi-shi development.