Flatiron-Shaped Condo Tower Underway in Soho
- Dec 30, 2013
A 16-story residential tower is underway in Manhattan’s Soho neighborhood as the city Board of Standards and Appeals unanimously recently approved the construction project proposed by Madison Equities and Property Markets Group. According to The Real Deal, the joint venture needed a variance change because the construction site was zoned for commercial and industrial use.
Designed by NYC-based architect and designer Cary Tamarkin, the flatiron-shaped condo tower will rise on the site of a former car wash on the northeast corner of Sixth Avenue and Broome Street—though Corcoran Group Real Estate will market the building under the name 10 Sullivan Street. As reported by Curbed NY earlier this year, the triangular-shaped site was purchased by the development partners in June 2012.
Reportedly, the condo tower will have up to 27 units and nearly 4,000 square feet of ground floor leasable retail space and will feature four attached 4-story townhouses of around 4,500 square feet each, with backyards and parking space. According to the original plans filed for approval by Madison Equities, the tower will include a triplex occupying the 16th and 18th floors of the building. Furthermore, the tower’s ground floor will also contain a 1,500-square-foot residential lobby and a 3,800-square-foot parking garage with 11 spaces.
The development plans include a small plaza which will be located at the narrow point of the site facing the intersection of Broome Street, Sullivan Street and the Avenue of the Americas will serve as an entrance and will be included in the leasable retail space.
According to The Real Deal, the developers hope to complete the condo tower by mid-2015.
Rendering Madison Equities and Property Markets Group