Controversial Lower East Side Waterfront May Get Even More Tall Towers

May 16, 2016

One Manhattan Square on the left, the JDS/SHoP Project in the center. The above image, created by CityRealty, depicts the possible massing of the new towers if built to 50 stories; No official design has been released

Just a few weeks ago 6sqft learned that the supertall super-team of JDS Development and SHoP Architects are planning a 900-foot, 77-story rental building at 247 Cherry Street, directly next to Extell’s 850-foot One Manhattan Square. These waterfront developments in the Two Bridges area caused quite a stir since the neighborhood has historically been mostly low-income and low-rise, but now two more supertalls may rise at the site. Bowery Boogie reports that L+M Partners are looking to erect two 50-story towers on the nearby lots at 265-275 Cherry Street. Together, the buildings would hold about 1,000 units.

LES waterfront developmentImage via Bowery Boogie

The developers purchased the site for $279 million three years ago. It holds two low-income buildings known as Lands End II. They also purchased the site of the adjacent Lands End I for an undisclosed sum last year, and here they’ve revealed plans for a 19-story rental building that will hold 256 units, half of which will be reserved for middle-income tenants. Their latest plans are not confirmed, but were mentioned during a recent public meeting about the JDS/SHoP tower. Reps of the development add that they are still in the early stages of evaluating development options for the site.

[Via Bowery Boogie]


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