Dual Demolition Underway on Chrystie Street Ahead of New 14-Story Tower
Already with two context-killing luxury developments currently rising on Chrystie Street, the block between Rivington and Stanton is heating up. Work is now underway that will eventually yield a 14-story building.
Demolition began over the summer at 199 and 201 Chrystie Street. The death shroud cloaked both buildings during their demise. Before long, the adjacent properties will face a violent conclusion. The latter already has…
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 full-floor aparments, ground level retail, gym, and rooftop terrace. Each unit will measure roughly 2,565 square-feet on average.
Meanwhile, Department of Buildings has yet to approve the proposal.
This busy corridor of Chrystie Street is gradually 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) up the block is also accomplice.