Long-Stalled Modular Construction on Grand Street Receives $12.35M Funding

Posted on: February 3rd, 2021 at 5:01 am by

A long-stalled modular development on the Lower East Side will finally move forward after a generous construction loan. Which means, no more worksite overgrowth.

Parkview Financial just shelled out $12.35 million to the in-progress building at 330 Grand Street.

As previously reported, the newcomer is to rise six stories and boast twelve units, ranging in size from 696 to 1,213 square-feet (six one-bedrooms and six two-bedrooms). Apartments will feature luxury kitchens with high-end appliances, granite countertops, in-unit laundry, hardwood floors, and private keyed elevator access. The two penthouse units will have rooftop terraces and the two ground floor units will have private yards.

Average per-unit sale price is expected at around $1.5 million.

The modular structure is reportedly being built in Turkey, before its cross-Atlantic journey to Grand Street.

Controversial Lower East Side property owner Daniel Wise – whose modular project on East Broadway undermined the neighboring building – is also developing this parcel. He purchased 330-332 Grand for $6 million over three years ago with the same idea; demolish and stack up prefab condos.

Recent Stories

Stringer Punts on East Side Coastal Resilience Contract

For advocates of East River Park, a brief reprieve. City Comptroller, and former mayoral candidate Scott Stringer did not sign the $1.2 billion construction contract with IPC Resiliency Partners that would kickstart city funding for the East Side Coastal Resilience project. It apparently boils down to missing info and the review period having elapsed. “As […]

Restless Soul: Christopher Paul Stelling at Rockwood Music Hall

Christopher Paul Stelling lived in New York City for a few years. He inhabits a restless soul, however. Originally from Daytona Beach, Florida, the artist has lived in Colorado, Washington, Massachusetts, and currently resides in Asheville, North Carolina. He spends a lot of time on the road, too, except that last year he had no […]

Wegmans Market to Open at Former Astor Place Kmart

Something rather unexpected. Not two weeks after Kmart terminated its presence in Astor Place, its replacement is announced. From left field – Wegmans is to open its first Manhattan grocery at this location. The well-regarded, Rochester-based chain already maintains a store in Brooklyn. Curb your enthusiasm, though, as the new Wegmans won’t open at 770 […]

Shakespeare in the Parking Lot Wraps its Summer Season

Shakespeare in the Parking Lot is wrapping up its latest affair with a lesser known production from the Bard’s canon. Continuing the Lower East Side tradition, the Drilling Company is back at the Clemente for three final performances this week – to perform Two Noble Kinsmen. For this iteration, director Hamilton Clancy has taken the […]

A Grave Marker for a Homeless Man Bludgeoned to Death on the Bowery

It’s been nearly two years since the city was rocked by the fatal bludgeoning of homeless men on the Bowery while they slept. Of the five beaten by 24-year-old attacker Randy Santos, four ultimately died – Chuen Kwok, Anthony Manson, Florencio Moran, and Nazario Vasquez-Villegas. Chuen Kwok was a vulnerable senior who, after the passing […]