Existing conditions:
Watermark Capital, led by founder Wolfe Landau, submitted plans with the Department of Buildings Wednesday to take a wrecking ball to the four 20th-century properties, located at 42, 44, 46 and 48 Hoyt St., records show.
Landau filed plans in May for a new 23-story tower with 99 dwelling units and commercial space on the ground floor at 48 Hoyt St., records show. Those permits have yet to be approved. Residential buildings with less than 100 units — specifically 99 — have become popular among developers in recent months after the state’s passage of the affordable housing tax break 485-x, which includes a $40-per-hour minimum wage requirement on all projects with 100 or more units.