Toll Brothers recently filed for permits to demolish the two-story structure at 82 King Street (also known as 77 Charlton Street), between Varick Street and Hudson Street in SoHo. Although new building permits have yet to be filed, it looks like the developers are planning an 162-unit, 18-story condo at the site, which is the maximum height it can reach due to the Hudson Square rezoning. According to a New York Times interview with the president of Toll Brothers, David von Spreckelsen, the only thing holding them back was the tenant, Verizon, who held a lease that expired this year. No word on who will be designing the project but it appears the developers are going for LEED certification.
Google Street View of Current 2-Story Building at 82 King Street
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Construction of the proposed condo should commence later this year and developers are expecting $293.5 - $358.8 million of revenue from its 162 residences. If all goes well, sales will launch in early 2018 with occupancy in early 2020 (Toll Brothers PDF). The 82 King Street diagram indicates the proposed building will be divided into two nearly-identical structures connected by a courtyard in the middle - similar to Extell's 70 Charlton Street, which lies directly across the street.
82 King Street Diagram via Toll Brothers City Living
Other downtown projects by Toll Brothers include: 100 Barrow, 121 East 22nd Street, 55 West 17th Street, and 400 Park Avenue South - all of which have apartments for sale. Toll Brothers are also in the process of constructing a new 112-unit condo in Tribeca at 91 Leonard Street. Over in Brooklyn, a unit in their Pierhouse development recently set the record for most expensive condo ever sold in Brooklyn. Curbed reports the development, located at 90 Furman Street, closed for $10.669 million, surpassing the previous record by a $8.89 million penthouse in DUMBO's One John Street.
Google Earth Views of Proposed Buildings at 82 King Street; CityRealty
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Sandra Herrera
Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.
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