Modular Housing at 201 East Broadway is Above Ground
Over a year after groundbreak, the new 201 East Broadway is coming into focus. The foundation and first floors are in place, as is a glitzy rendering of the incoming modular apartment complex.
Plans call for seven stories stacked with a payload of ten apartments. Current progress is almost two stories. Each pre-fab condo unit will carry approximately 1,487 square-feet, some with private terraces. Estimated completion date is “spring 2019,” as per the project placard attached to the plywood.
Local developer Daniel Wise – who purchased the double-wide properties in 2015 for $8.5 million – is concurrently developing other modular housing projects in the immediate vicinity, including 193 Henry Street (at its backside) and 330 Grand Street (stalled).
The development at 201-203 East Broadway has been a controversial one, to say the least. For instance, falling plywood injured passing pedestrians back in January; underpinning work collapsed the sidewalk; and excavation work at the outset caused vibrations in the adjacent building (it turned out to be safe).
The former property owner of 201-203 East Broadway was the United Hebrew Community, a nonprofit Jewish organization founded in 1901. It purchased the the twin tenements shortly after organizing, and occupied 15,000 square-feet of space. Both were constructed in 1837 and subsequently modified in 1900; the wrecking ball arrived exactly three years ago.