Grand Street Guild Inches Closer to Development of Affordable Towers
It was one year ago when renderings first circulated of two new towers for the Lower East Side skyline. Now there is more updated information on the affordable housing project by the Grand Street Guild.
If Department of Buildings approves the applications and zoning modifications, the massive development would break ground behind St. Mary’s Church, and last roughly two years.
The first tower, referred to as “Building 3-5,” ascends 15 stories at 165 Broome Street, and features approximately 235,235 square-feet of residential area and 65,668 square-feet of parking space. Or the equivalent of 235 apartments (studios to three-bedrooms) and parking for 126 vehicles.
The second is “Building 3-6,” a 16-story structure at 151 Broome Street, mid-block between Clinton Street and Pitt Street. The proposed makeup is approximately 174,000 square-feet for residential space (245 studio and one-bedroom units), plus 14,280 square-feet of community facility space.
The overall project is expected to be completed and occupied by 2025.
Blockbuster news, for sure, but not completely unexpected. The owners of the Section 8 housing development – first built in 1973 – had reportedly considered erecting two towers on the property over the last several years. The three 26-story buildings reside on land surrounding St. Mary’s Church, between Clinton and Pitt Streets. The Section 8 project was sponsored by the Archdiocese of New York, which still controls the complex through a nonprofit board.