The New York City Board of Standards & Appeals today approved an extension of time to complete substantial construction of a new mid-block building on Broadway that extends through to Mercer Street.
The building site has been excavated and construction is likely to be completely in a year or so. The addresses of the project, which is between Spring and Broome Streets, are 501 Broadway and 72 Mercer Street.
The building will rise six stories on Broadway and seven stories on Mercer Street and will contain 11 condominium apartments and ground floor retail.
Broadway Partners LLC is the developer and acquired the site earlier this year, according to Fredrick A. Becker, who represented it at the board.
From the late 1880s to the 1950s, the site was occupied by a cast-iron structure that was destroyed by a fire and subsequently replaced by a parking lot.
Plans submitted in 2001 for the project by the architectural firm of Traboscia Roiatati Inc., indicated that the Broadway and Mercer Street facades would be white similiar with a very attractive cornice treament punctuated by circular holes and handsome spandrels.
The building site has been excavated and construction is likely to be completely in a year or so. The addresses of the project, which is between Spring and Broome Streets, are 501 Broadway and 72 Mercer Street.
The building will rise six stories on Broadway and seven stories on Mercer Street and will contain 11 condominium apartments and ground floor retail.
Broadway Partners LLC is the developer and acquired the site earlier this year, according to Fredrick A. Becker, who represented it at the board.
From the late 1880s to the 1950s, the site was occupied by a cast-iron structure that was destroyed by a fire and subsequently replaced by a parking lot.
Plans submitted in 2001 for the project by the architectural firm of Traboscia Roiatati Inc., indicated that the Broadway and Mercer Street facades would be white similiar with a very attractive cornice treament punctuated by circular holes and handsome spandrels.
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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