Controversial Lower East Side Waterfront May Get Even More Tall Towers

Posted On Mon, May 16, 2016 By

Posted On Mon, May 16, 2016 By In Architecture, Chinatown, Lower East Side, New Developments

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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Neighborhoods : chinatown,Lower East Side

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