[Hudson11]

City Planning approves controversial trio of resi towers in Two Bridges

In a 10-to-3 vote, the City Planning Commission voted in favor of a controversial application, filed jointly by four developers, to build three residential towers in Two Bridges that together will add 3,000 housing units to the neighborhood. They include JDS Development’s 1,000-unit rental tower at 247 Cherry Street; L+M Development and CIM Group’s 798-foot tower at 260 South Street; and Starrett Corporation’s 730-foot building at 259 Clinton Street.

Combined, the projects represent $4.5 billion worth of investment in the neighborhood, and would add nearly 700 affordable units.

[...]

The projects are being developed as-of-right, meaning they didn’t require special approvals to go forward. But after a failed attempt to force them through the city’s labyrinthine land-use review process, the trio went through an environmental study to determine what could be done to mitigate negative effects on the community.

https://newyorkyimby.com/2016/12/de...osed-at-260-south-street-lower-east-side.html

 

[Eric Offereins]

Nice. Looking forward to the designs.

 

[Hudson11]

CIM Group, L+M Planning 1.3M Square Foot Tower

On Wednesday, CIM filed plans for a two-tower, 73-story residential building at 261 South Street

therealdeal.com

 

[Eric Offereins]

Are these the designs?

Appellate court overturns decision blocking Two Bridges towers

Plans from major developers to bring towers with about 3,000 housing units to Two Bridges in Lower Manhattan can move forward. The Appellate Division of state Supreme Court unanimously reversed a lower court’s ruling Thursday that had blocked the projects from moving ahead…

www.crainsnewyork.com

 

[Hudson11]

Are these the designs?

View attachment 2364027

Appellate court overturns decision blocking Two Bridges towers

Plans from major developers to bring towers with about 3,000 housing units to Two Bridges in Lower Manhattan can move forward. The Appellate Division of state Supreme Court unanimously reversed a lower court’s ruling Thursday that had blocked the projects from moving ahead…

www.crainsnewyork.com

those are separate projects. The blue one is already built and the green one is an approved supertall.

 

[droneriot]

Yes, and in that render, right on the left of that approved supertall (247 Cherry Street) you see two parallel midrises, and those are the same two that are in the visualisations in post #1, that's where you can picture these two towers.

I hope that gives everyone a good idea of the future skyline there. There was a visualisation of all four towers together somewhere at some point, I don't know if anyone still knows where it is.

 

[Hudson11]

Chetrit has bought this project

Chetrit Buys LES Site With $70M Madison Realty Capital Loan

The Chetrit Group sealed $70 million of acquisition financing for a planned mixed-use multifamily project in Manhattan’s Lower East Side.

commercialobserver.com

 

[droneriot]

It's kinda annoying when companies put details on mass placeholders making people think they're the architectural designs. Just stick to monochrome drawings until there's a real design.