March 1st 2013
Luxury Listings NYC
New projects range from a former Beastie Boy home to a gutted Tootsie Roll factory.
Soho has plenty of new projects being planned. Some are in new buildings; others are in old ware- houses and factories rich with history. And they can’t come fast enough given the dearth of overall apartments for sale in the neighborhood.
Renwick Modern is a new condominium, at 22 Renwick Street near Hudson Square, getting ready to launch sales in just weeks, a spokesperson told Luxury Listings NYC. Designed by Philip Johnson/Alan Ritchie Architects, the 12-story
tower has 18 homes—a few come with private outdoor space.
Four buildings started marketing their homes last year: Spice Warehouse at 481 Washington Street, the Arman Building at 482 Washington Street (named for the artist Arman, who had a studio at
thesite),111MercerStreetand70GreeneStreet.AttheGreeneStreet address sits a five-story loft building that is being converted into three homes; two take up full floors and one is a triplex penthouse.
In the works: The former Tootsie Roll factory at 325 West Broad- way is being converted into condos, which should go up for sale in about a year. The former home of Beastie Boy Adam Horovitz, at 186 Spring Street, is getting a condo makeover, too. And, at 449 Wash- ington Street, a five-story production studio is being transformed into seven floors of homes that go on the market in March.
And waiting for the city’s OK are proposals for 73 Sullivan Street, the site of the old Sullivan Street Bakery, and 42 Crosby Street. The Crosby project is a design by star architect Annabelle Selldorf that needs the go-ahead from the Landmarks Preservation Commission.
What’s on your real estate radar?
Camille Duvall-Hero, a broker at Warburg Realty
Q: Mayor Bloomberg has vowed to push ahead with mega-projects. Which projects do you think should be first on the list?
A: It’s hard to say. Mayor Bloomberg’s list was ambitious and all projects worthwhile, especially in the tech and research areas. The Genome Research Center in Soho will help diversify the NYC job pool.