14-Story Luxury Tower Planned for Chrystie Street Corridor
Once again, art was employed as precursor to demolition. In this case, it was JR and Os Gemeos as it relates to 199 Chrystie Street, an old tenement walk-up that’s been slated for a gold-crusted makeover.
Both this building and its immediate neighbor to the north are slated for destruction in the coming months to make way for a 14-story luxury tower on the spot.
Owner-developer KD Sagamore, which scooped up the two properties over the last couple years for a combined $20 million, recently filed the requisite permits for demolition and re-development. Also submitted were plans for the 14-story, 39,188 square-foot condo with 14 aparments, ground level retail, gym, and rooftop terrace. According to the Real Deal, each unit will measure roughly 2,565 square-feet on average.
This busy corridor of Chrystie Street is slowly being picked off by the one-percent. There are currently two ten-story, ODA-designed condo projects underway just south of Rivington Street. The Public Hotel (plus condos) across the street is also accomplice.