Posted Apr 16, 2015, 3:17 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,295
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NEW YORK | 57 Orchard Street | FT | 15 FLOORS
Project: 57 Orchard Street
Quote:
While escalating prices are a bad thing, zoning limitations and historic districts are quickly turning the Lower East Side into one of the only parts of New York City where attractive and occasionally avant-garde architecture is legitimately feasible. YIMBY can now reveal the design for one of the neighborhood’s dwindling number of development sites, at 57 Orchard Street, where DXA Studio is designing a 15-story condominium tower.
When reached for comment, DXA said the project is indeed moving forward. The design features a “razor-sharp copper-clad facade,” which “is a contemporary foil to the turn of the century context, and at night the perforated facade will be a back-lit lantern that will highlight the activity inside.
The renderings show the copper-clad tower rising over its historic neighbors, which will be restored under a larger redevelopment plan. While exact specifics are not yet available, the tower will comprise just under 24,000 square feet of space, most of which will be for condominiums.
The assemblage extends to 59-63 Orchard Street, as well as to 319 Grand Street, with the entirety selling for $27 million back in 2013, per The Real Deal. Orchard Street Equities was the buyer, but the Great Neck-based Continental Worsteds is the actual developer.
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http://therealdeal.com/blog/2013/08/...ndo-developer/
http://www.yimbynews.com/2015/04/rev...east-side.html
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