Foundation Nearly Complete at Streit’s Matzo-Replacing Condos
The Streit’s Matzo Factory buildings on Rivington Street are now just another footnote in Lower East Side history. Eliminated from the block between Suffolk and Clinton Streets seven months ago, ushering in another wave of area gentrification. That of a glitzy glassy eyesore.
The heaping piles of splintered wood and strewn rubble have since been cleared away, an exercise that lead to a big dig. Foundation and underpinning work followed over the summer and we are now seeing some major progress. Peering through the blogger portals in the plywood, it’s clear that the development is almost at street level.
As previously reported, The family-owned Streit’s Matzo sold 148-154 Rivington Street to Cogswell Realty in January 2015 for $30.5 million. This new seven-story replacement consists of 45 one-, two-, and three-bedroom condos, including four duplex penthouses on the seventh/eighth floor. Building amenities include bike room, gym, laundry, storage, and rooftop terrace with outdoor fireplace and kitchen.
For its part, Streit’s Matzo is still going strong. The Rockland County factory – the facility purchased after selling 148-154 Rivington Street – is up and running. However, this year’s Passover production was again baked and fulfilled at their facility in Moonachie, N.J. Facility.
And as a refresher. Here’s to your future.