Financing has been arranged by Sonnenblick-Goldman Co. for the conversion of the 6-story former industrial building at 209-211 Hester Street on the northwest corner at Baxter Street, one block north of Canal Street to residential condominiums.
The total project cost is expected to be about $20 million.
The building will 16 apartments including three triplex "townhouses" and two duplex penthouses.
The handsome. red-brick building has very high ceilings and some arched windows. Traces of a painted "Grand Marketing Exchange" is on the masonry.
This building is close to several other new condominium projects.
At 158 Hester Street on the southeast corner at Mott Street construction is advancing on a new 63-unit condominium project that will be known as Hester Gardens.
Further east at 181 Hester Street, a mid-block 6-story development known as Bel Air Court will have 10 condominium apartments. The handsome, orange-brick building, which is between Mott and Mulberry Streets, is nearly completed and has attractive balconies on the third through the sixth floors and a very nice modern interpretation of a cornice that is fashioned by several slightly protruding masonry bands.
181 Hester Street is half a block away from 123 Baxter Street on the southeast corner of Hester Street, a very attractive large project with rounded balconies that is also in construction.
These buildings are convenient to Chinatown, Little Italy and SoHo and good public transportation.
The total project cost is expected to be about $20 million.
The building will 16 apartments including three triplex "townhouses" and two duplex penthouses.
The handsome. red-brick building has very high ceilings and some arched windows. Traces of a painted "Grand Marketing Exchange" is on the masonry.
This building is close to several other new condominium projects.
At 158 Hester Street on the southeast corner at Mott Street construction is advancing on a new 63-unit condominium project that will be known as Hester Gardens.
Further east at 181 Hester Street, a mid-block 6-story development known as Bel Air Court will have 10 condominium apartments. The handsome, orange-brick building, which is between Mott and Mulberry Streets, is nearly completed and has attractive balconies on the third through the sixth floors and a very nice modern interpretation of a cornice that is fashioned by several slightly protruding masonry bands.
181 Hester Street is half a block away from 123 Baxter Street on the southeast corner of Hester Street, a very attractive large project with rounded balconies that is also in construction.
These buildings are convenient to Chinatown, Little Italy and SoHo and good public transportation.
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Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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