Grand Street Guild Files Plans for 15-Story Affordable Housing Tower

Posted on: August 16th, 2019 at 5:00 am by

New towers are coming to Broome Street on the Lower East Side. Now we have sight of the first newcomer.

Back in January of 2018, the Grand Street Guild nonprofit officially announced the imminent construction of two, as-of-right 15-story apartments on its property, plus a parking garage. All 400 of the proposed units are earmarked as affordable housing (150 of which are for seniors).

Progress is finally palpable. Grand Street Guild filed plans with Department of Buildings this week to construct the first building – a 274,000 square-foot mixed-use development at 161 Broome with 232 apartments. It’ll include community and commercial space, as well.

Photo: Handel Architects

Handel Architects is the designer of record, which released the following rendering.

As such, the squat sacrificial lamb, so to speak, at 151-161 Broome Street is marked for the wrecking ball. The city approved destruction of the former Little Star early childhood center just before Christmas last year.

News of this blockbuster development, which broke nearly two years ago, is not completely unexpected. The owners of the Section 8 housing development – erected in 1973 – had reportedly considered such plans over the last several years.

“Our mission is to provide quality housing that offers stability and allows this diverse community to grow and thrive,” Tony Savarese, Grand Street Guild Owners’ Representative, noted at the time. “Grand Street Guild’s goal is to offer new housing and amenities for those who need it, with a special emphasis on the growing population of senior citizens, and Grand Street Guild looks forward to engaging with our neighbors and the broader community.”

[h/t The Real Deal]

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