Evoking Department Store Past, The Ridley Launches Leasing on Allen Street with $19K Rental

Posted on: December 5th, 2019 at 5:00 am by

Here’s your chance to live in a nineteenth-century department store, albeit at luxury pricing.

In an obvious nod to the pedigree of 66 Allen Street (aka 315 Grand) – the spot was once Ridley & Sons Department Store – the remodeled upper floors are repositioned as “luxury apartment rentals” called The Ridley. Not a “deal” to have here, though.

There are a total of eight apartments for the taking, each as unaffordable as the next. The only one currently available is the 3BR/2bath penthouse unit, which was recently listed at $18,885 per month.

As reported, the building owner tapped Bromley Caldari Architects on an ambitious project to restore the building (the pink half of Ridley’s is not theirs) to its original 1886 grandeur. The job is more than two years in the making, and entailed replacing cast iron, swapping out unoriginal aluminum windows, and removing fire escapes. The transformation was both cosmetic and bureaucratic, as a change to the zoning was needed for the residential use on all five floors.

The ground level, meanwhile, is likewise spiffed-up, with remodeled storefront marquee and even a relatively new retail tenant (Gogo Gone Bikes).

Ridley & Sons, circa 1886

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