Staring into the Pit of Delancey Street Tower
It’s back to a gaping pit for the embattled (former) Delancey Bridge Tower. The development at 208-210 Delancey Street is stalled out yet again.
The half-built steel skeleton – described as “substandard” in Department of Buildings filings, was dismantled earlier this year. Months later, though, there’s still not much to show in the way of progress.
You’ll recall that the Delancey Bridge Tower (its birth name) changed hands in December 2017 for $29 million. China-based developer New Empire Real Estate Development picked up the property from a group of investors led by Andy Zhu, which had paid $8.7 million six years earlier.
As previously reported, the design took a complete 180 from the previous vision that stalled out many moons ago. ODA Architecture is now aboard the 12-story project (120 feet), which introduces curved windows and protruding terraces. The final product will boast 58,600 square-feet of residential across 70 apartments, thought to be condo units that could fetch $2.6 million apiece. Amenities include roof deck, laundry room, lounge, outdoor recreation areas, pet-grooming station, on-site parking, bike room, and storage.