Dueling Developments: Office Space Along East Houston Rises in a Big Way

Posted on: September 27th, 2017 at 5:14 am by

There are two commercial real estate developments advancing neck-and-neck along the northern border of SoHo. Both are progressing at quite a clip, and will no doubt further crowd the area.

Let’s take a look…

First up is 300 Lafayette, which bills itself as “cutting edge office & retail in historic SoHo.” As of this week, the superstructure sits at an approximate four-story height. It will eventually hit an apex of seven stories and boast 80,000 square-feet of office space. The building itself rises atop the former home of BP gas station. In fact, until that closure in 2016, the refueling depot was one of the longest continuously operated gas stations south of 14th Street. Since the 1930s, in fact. From 1976 through 2003, the site was the OG Gaseteria station (distributing Amoco gas).

The Porcelli family, which acquired the “Gasoline Alley” parcel in 1976 and founded Gaseteria, decided to instead redevelop the land. Both the Puck Fair bar and the gas station were quickly disposed of.

Meanwhile, one block away, Madison Capital, is busy with its own commercial endeavor at 606 Broadway. The firm previously purchased the 6,190 square-foot parcel from the city for $26 million, and teamed up with Vornado to construct the incoming six-story SoHo addition. Plans have apparently been underway since 2014. The construction will include “modern” office space and retail on the ground floor. The finished product will carry a total floor area of nearly 35,000 square-feet split between the commercial and retail spaces. Stores won’t be “big box,” though, thanks to a protracted fight with the community a couple years ago.

Its steel skeleton is closing in on topping out, reaching nearly six stories (by our estimation).

Recent Stories

Christopher Marte Launches City Council Campaign for 2021

Christopher Marte is jumping back into the City Council election ring. With three-time Councilmember Margaret Chin terming out next year, the local politician is looking to capitalize early on the District 1 seat. Essentially building on the momentum he created during the 2017 election that gave Chin a run for her money. (The incumbent squeaked […]

The Delancey Street ‘Rainbow’ is No More

Discount retailer, Rainbow, is no longer part of the Lower East Side landscape. The longtime store at 110 Delancey Street is now closed up for good. Employees told us back in October that the lease expired, and wasn’t renewed. This particular store had been at 110 Delancey for well over a decade. At one point […]

First Look at the Latest Luxury Development Planned for Clinton Street

The transformation of the east side of Clinton Street to luxury continues apace with the next big reveal. In due course, the former home of New Life will sprout an eight-story development. The gleaming newcomer fits in with the what’s happening between Rivington and Stanton Streets. Indeed, it sits adjacent to 50 Clinton Street. This […]

COLORS Comeback Closes After Less than a Month on Stanton Street

It was supposed to have been a grand return to form for COLORS restaurant. The venue, which reopened with plenty of hype at the end of December, closed again after a comeback of less than a month. The New York Post reported that the nonprofit in charge of the establishment, which previously championed staff diversity […]

Grand Street Pickpocketer Arrested for Robbing Off-Duty Officer

Maybe don’t pickpocket the police officer… Police arrested a man last Tuesday afternoon (January 14) who attempted to pickpocket an off-duty cop. The perp snatched the officer’s phone outside 500 Grand Street (near East Broadway), and ran off. But he was caught, arrested, and charged with robbery. (The 7th Precinct station house is around the […]