6-Story Residential Development to Rise from the Ashes of 330-332 Grand Street
Last Friday, just as the city geared up for the holiday weekend, a local developer filed plans to construct a new residential development on Grand Street. One that will replace the last of the two-story shops between Ludlow and Orchard Streets.
As previously disclosed, property owner Daniel Wise acquired 330-332 Grand Street at the end of July for $6 million. The deal was apparently under contract since earlier in the spring, right around the time that the city issued permits to demolish the old structures (May 2017).
And now we have a glimpse of the inevitable replacement. Upon Department of Buildings approval, Wise will impart a new six-story (65 feet) residential building that boasts twelve units spread across 11,000 square-feet. There is no commercial component to the development, according to public records. The developer teamed up with Brooklyn-based Think Architecture for the design, the same firm behind his other development at 201 East Broadway.
To say that a slow death befell this slate of Grand Street properties would be an understatement. In the last few years, the small mom-and-pop businesses that occupied this retail row gradually vacated or went bust.