Developer Seeks Variance Extension to Construct 8-Story Luxury Rentals on Spring Street
A new luxury residential building is on the way to the eastern fringe of SoHo. Located at 68-70 Spring Street, the forthcoming eight-story rental development will boast approximately twelve apartments across 19,527 square-feet (including penthouse) and 3,918 square-feet of commercial retail.
As demolition progresses, though, red tape behind the scenes at the NYC Board of Standards and Appeals must also be cleared. Property owner P. Zaccaro Company seeks an extension to the zoning variance first approved in early 2009. The current arrangement expires in October, and as you can see, more time is obviously required to complete the project.
Zaccaro and counsel will go before the BSA at a hearing later this morning for approval.
On the ground, meanwhile, the takedown is slow and steady.