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Permits Filed: 250 South Street

BY: NIKOLAI FEDAK ON APRIL 28TH 2014 AT 6:00 AM

250 South Street, existing Pathmark; image via Google Maps

The first permits are up for Extell’s new development at 250 South Street, which also has an address at 227 Cherry Street; the building will replace a Pathmark supermarket on an under-utilized lot. Adamson Associates is listed as the architect of record.

250 South Street will become one of the largest residential towers in Lower Manhattan, measuring approximately one million square feet; the base will have a host of amenities, including a basketball court, a bowling alley, a squash room, a golf-simulator room, a hammam room, a theater, a dog spa, a human spa, a billiard room, a ping pong room, a rock-climbing room, a crossfit room, a dance room, a wine and cigar room, a lap pool, a kiddie pool, and even a yoga room. The features will be comprehensive.

In terms of square footage, the commercial components will take up 23,946 square feet, while the residential portion will measure 912,762 square feet, with a total of 787 units. Floor plans will be fairly standardized, with the penthouse level — 68 stories up — shared by seven apartments; the Schedule A has additional details.

Extell’s undertaking represents a major positive shift for the neighborhood, and will hopefully become a game-changer for the far Lower East Side; the area was completely ravaged by Robert Moses, and everything along the East River was razed to make way for public housing as well as middle-income developments. The resulting housing stock is anti-urban, unattractive, and ultimately wasteful of prime Manhattan real estate, with existing residents isolated from the city at large.

250 South Street aerial, via Google Maps

While 250 South Street will be a step in the right direction, restoring the street grid and re-building the entire neighborhood in an attractive way for both existing and future residents should be the ultimate goal. Moses’ path of destruction extends from The Brooklyn Bridge all the way to 14th Street, and while The Hudson Yards may provide a boon to commercial real estate, the far East Side of Lower Manhattan represents a significantly larger opportunity with regards to residential development, and fully utilizing the public canvas would be in the city’s best interest.

250 South Street will become an icon of progress for a neighborhood that has nearly been forgotten, and the tower will stand 800 feet to its pinnacle. While surrounding progress will be slow to come by, re-building the adjacent blocks would be in everyone’s best interest, and Extell’s development will hopefully spark a wider renaissance.

No completion date has been announced, but demolition of the existing Pathmark is imminent; construction will soon begin.

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June 15
Tectonic

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Extell Begins Excavation Work at Cherry Street Project Site

Posted on: July 8th, 2014 at 6:03 am by Elie

A month after Extell’s Gary Barnett tried to curry favor of the locals with the “I’m one of you” group session, there is now some construction activity to report at the Cherry Street project site. The one-story Pathmark supermarket is no longer a concern, while a pair of Davey Drills test the soil ahead of pile driving. Two new buildings are in the works for the riverside property – a 68-story market rate tower, and a 13-story affordable housing residence.

Project management company Lend Lease distributed the following update to the community on behalf of Extell:

The excavation and foundation contractor will mobilize this week to start a test pile program which is expected to take a number of weeks.

Lend Lease will take every measure to ensure that work will be performed safely. Lend Lease personnel will continually monitor site conditions and work being performed to ensure that there are minimal disruptions, to the extent possible, to the community.

As we reported last month, Extell is laser-focused on the affordable housing component of its multi-million-dollar development. Plans include a separate 13-story building at 229 Cherry Street specifically for low-income tenants, with designer Datter Architects on board. The residential composition of this structure is 205 total units (50% earmarked for residents) broken down as follows: (1) 49 studios, (2) 50 1BR’s, (3) 105 2BR’s, and (4) 1 spot for the super. The base of both buildings will incorporate both a supermarket and drug store.

Neighbors are none too pleased with the “separate but equal” situation between the two buildings.

Extell hopes to have both buildings constructed in three-and-a-half years.

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Early this morning…

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Extell’s 68-Story ‘Tetris Tower’ Will Have Private Bowling Alley, Swimming Pools, and Basketball Court

Some new details just came down the pike regarding the 68-story Extell phallus rising onsite. While plans for the so-called “Tetris Tower” still carry “disapproved” status by the Department of Buildings, zoning documents on file give us a better idea of what to expect.

We already know that the 800-foot building will house 790 luxury apartments and roughly 29,000 square-feet of commercial retail space for a store. However, it’s definitely worth pointing out the tenant amenities available in this juggernaut, especially given the “poor door” property for low-income families adjacent.

Let’s start with the cellar:

1,874 square-foot lap pool (plus accessory kiddie pool)
Basketball court
Bowling Alley
Male and female locker rooms
Squash court
Golf simulator
Turkish bath (“hammam”)
…
An open-air lap pool will also grace the fifth floor, “the top level of the base on which the residential tower sits.”

By the way, zero community facility space.

Meanwhile, the rhythmic, migraine-inducing pounding of pile drivers has begun, but according to Lend Lease, should only last two weeks. The project manager promises that they’ll “take every measure to ensure that work will be performed safely,” and ensure that there are “minimal disruptions.” Right. Tell that to the neighbors – particularly those in the adjacent Two Bridges Tower – who will deal with vibrating homes.

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Credit: All sizes | One Manhattan Square | Flickr - Photo Sharing!

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Extell Planning to Reduce Height of 250 South Street Tower to 56 Stories

Posted on: April 2nd, 2015 at 5:00 am by Elie

Here comes the chop.

In a possible consolation to the waterfront community, it appears that Extell chief Gary Barnett had a sudden change of heart regarding the market rate monolith at 250 South Street. Talk about unexpected. With the first few steel pylons still fresh in the ground, the developers filed paperwork with the Department of Buildings last week to reduce the overall scope of the project.

An amendment to the original permit shows that the tower at 250 South Street is going from a height of 71 to 56 stories (700 feet). That’s a reduction of approximately 100 feet. As for composition, the floor area is now split 748,095 square-feet for residential (646 units) and 25,516 square-feet for commercial usage (possible supermarket). Amenities seem to have been shaved, as well. Looks like the bowling alley and Turkish baths were nixed, but there’s still a pool, “residential lounge,” and fitness facility in the cellar.

For broader neighborhood context, the downsized Extell development is still twice the height of nearly everything in the vicinity, including the Manhattan Bridge which sits at 336 feet. Plus, we worry about ongoing site safety, especially in light of the recent incident at Extell’s One57 – falling plexiglass from the 90-story building.

Pertinent heights (approximates):

Extell’s market rate – 56 stories
Manhattan Bridge – 30 stories
Two Bridges Tower – 21 stories
Rutgers Houses (5 buildings) – 20 stories

No word just yet on the impetus behind this change, or how this might affect the neighboring “affordable” building (aka Poor Door).

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Local Activists Call on the Pope to Help Stop the Extell Tower Rising on South Street

With Pope Francis on his way to town, it’s open season. Everyone is vying for some attention from the Holy See, grabbing at the proverbial tunic. Including the neighborhood activists that together comprise the Coalition to Protect Chinatown and the Lower East Side.

As previously reported, this consortium of local organizations has already planned a “March Against Displacement” for Friday afternoon to shine a light on the plight of low-income community being displaced from Chinatown/Lower East Side. The 80-story Extell monstrosity rising at 250 South Street (and its “poor door” sibling) sits front-and-center in this debate, and is the starting point of the rally.

Now they want the Pope to know about it, and kindly request an intervention with Mayor de Blasio. Below is the open letter:

Open Letter to His Holiness, the Pope,

The people of Chinatown and the Lower East Side represent one of the last working class and low- income communities of color in New York City. Our neighborhood was planned and built as a bastion of affordability and we have been fighting to protect and grow our community in the face of massive displacement pressures. We are appealing to you because we know you are a champion for the poor, an advocate for justice.

We are facing a crisis in our neighborhood. In this community, families––families with children, families taking care of the elderly––are being pushed out of their homes. Since our Mayor, Bill De Blasio, took office, homelessness has reached an all-time high and the disparity between rich and poor is growing every day. Rents are skyrocketing, along with property taxes, and our schools, senior centers, community programs and other services are being drained of funding and closing down. Small businesses are closing down. Public land is being used to build luxury highrises. Public housing is being sold and falling into disrepair.

Why is this happening? Because our community has no protections in place against luxury development. Because our city government is refusing to hear the demand of the people of this community to pass a rezoning plan to protect our neighborhood from luxury development and its attendant displacement. Because our government gives property-tax breaks to luxury developers to build in our backyard via the 421-a tax giveaway.

Chinatown and the Lower East Side have united to fight for the city to pass a rezoning plan, the Chinatown Working Group Rezoning Plan, that will protect our community from displacement. The city is refusing to pass the plan, saying it is “too ambitious”. A similar plan was passed in 2008 to protect the mainly white and wealthy East Village. Why is our plan too ambitious when theirs was not? This is racist.

Your Holiness, we need your help. Support the people of Chinatown and the Lower East Side who are coming together to save our community. Please tell our Mayor to stop financing luxury developers to push us out of the community we’ve built. Tell him to heed the people and pass the Chinatown Working Group Rezoning Plan. We hope you will join us in this fight and we invite you to join us on Friday, September 25th, as we march from the Lower East Side to City hall.

Sincerely,
The Coalition to Protect Chinatown and the Lower East Side

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That article is absolutely ridiculous. It’s almost comical.

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Credit: First Full Look at Extell's 80-Story One Manhattan Square, 800 Condos Aimed at Asian Buyers | 6sqft

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Fresh renderings!

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One Manhattan Square is located on Manhattan’s Lower East Side, an area replete with New York culture and history. The local color and grit for which New York City is famous is more apparent in this diverse neighborhood than any other in New York. A destination for immigrants since the early 1800s, the Lower East Side has become the proverbial melting pot of New York society and culture. This new tower will bring a sense of urban polish to the historical neighborhood while still maintaining its tradition of cultural diversity. The building’s distinctive location offers residents views of some of New York’s most well-known icons, including the Manhattan, Brooklyn and Williamsburg Bridges, East and Hudson Rivers, Liberty Island, Midtown, One World Trade Center, the Empire State Building and beyond.

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Credit: http://www.theedgeproperty.com.sg/content/extell’s-one-manhattan-square-targets-asian-investors

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Nice!

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Pretty much useless, but it gives you the impression as to what’s to come, it will be an incredible improvement to the area:

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Extell seeking up to $200M in EB-5 funding for LES condo

[QUOTE]Extell Development isn’t just giving Asian buyers the first crack at buying apartments at its forthcoming condominium in Lower Manhattan. The firm is eyeing Asian investment in the project, dubbed One Manhattan Square, through the EB-5 visa program.

The Gary Barnett-led firm is hoping to raise between $100 million and $200 million for the 815-unit project through the popular – and controversial – program, which offers foreign investors a U.S. green card in exchange for a $500,000 investment.

Marketing materials for One Manhattan Square that appeared on a Vietnamese website indicated the EB-5 funds could account for seven percent to 14 percent of theproject’s total estimated cost of $1.4 billion.

The developer did not immediately return a call seeking comment.

Extell, which has its own in-house regional center, previously tapped EB-5 investors to raise $75 million for the International Gem Tower at 50 West 47th Street in 2011. More recently, Barnett seemed to temper his enthusiasm for EB-5 at an event hosted by the China General Chamber of Commerce in 2015.

“It’s not quite as simple as it seems,” he said, noting that investors’ “primary focus is to be able to get legal residency in the U.S., but they absolutely want to get paid back.”

Perhaps Barnett now hopes to attract EB-5 investors who will back One Manhattan Square, and even consider living there. Extell launched marketing for the condo tower in Asia, giving buyers in China, Malaysia and Singapore first dibs on the units.

One Manhattan Square, located at 252 South Street, is one of Extell’s largest developments to date and will rise 80 stories and hold 815 units. Extell bought the site, a former Pathmark, in 2013 for a reported $175 million, which included a $47 million buyback of Pathmark’s lease.

Last year, the developer obtained a $150 million bridge loan for One Manhattan Square from Deutsche Bank, and Extell was reportedly in talks with the bank for an $888 million construction loan, according to published reports.[/QUOTE]

[url]http://therealdeal.com/2016/04/01/extell-wants-up-to-200m-in-eb-5-funding-for-one-manhattan-square/[/url]

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Rendering:


Credit: BoweryBoogie

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Oh wow, this is gonna have a huge impact on the skyline I feel. You have the 2 mountains if I may say so of Midtown and downtown and most stuff relatively low rise compared to the rest in between. This is really going to stick out when looking at the skyline from the rivers for example. You see what I mean?

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Yeah its going to somewhat break that dynamic between the low rises versus the two skyscraper nodes (Lower vs Midtown). But I think more developments along the East River are neat. Down the line they may even fuse the midtown and lower Manhattan skylines.

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I think this one could easily fuse into Lower Manhattan’s skyline with some more developments in the area, but ya at 1st its going to be a monolith.