Back in April, the power team of JDS Development and SHoP Architects unveiled plans for a 900-foot, 77-story rental building at 247 Cherry Street in the Two Bridges area of the Lower East Side. This neighborhood has become controversial for a recent influx of sky-high development; 247 Cherry will rise directly next to Extell’s 850-foot One Manhattan Square and not far from two 50-story towers at 265-275 Cherry Street. Its 900-foot height would’ve made it the tallest tower between Midtown and Downtown, but left it 100 feet shy of the supertall status JDS and SHoP are known for (the duo is responsible for the 1,438-foot-tall 111 West 57th Street and 9 DeKalb Avenue, Brooklyn’s first 1,000+ foot tower). However, Bowery Boogie reports today that the height may actually be at or above 1,000 feet, rising 80 stories.
The original 77-story height referred to the livable residential space, but an architectural rendering from City Planning shows the roof height at 983 feet. When the parapet is factored in, this could rise past 1,000 feet. There will be a 10,000-square-foot retail base with 600 rental apartments above, about 150 of which (25 percent) will be made permanently affordable. Though not finalized, SHoP previously said that the building’s design will likely be terracotta brick and glass with outdoor terrace in the middle. Also planned is a top-floor amenity space for all residents and a publicly accessible plaza from SCAPE Landscape Architecture.
As 6sqft previously reported:
The units include a mix of studios, one-bedrooms, and two-bedrooms, and unlike One Manhattan Square, the affordable apartments will be dispersed throughout the building. JDS CEO Michael Stern said, “We think it is the better model of affordable housing.” He also said, “We see it as a model of responsible development moving forward. Take an under-utilized affordable housing asset and get some value out of it, create new affordable housing and create capital to preserve affordable housing and (generate) positive ripple effects wherever you’re building.”
The site of 247 Cherry Street is owned by the Two Bridges Neighborhood Council and Settlement Housing Fund. They sold 500,000 square feet of development rights to JDS and SHoP for $51 million. They’ll demolish a small community center on Cherry Street and build the tower to cantilever over an existing senior housing building. As part of the deal, the developers will renovate this senior building and create a new, 4,600-square-foot community center for the tower’s senior’s residents, as well as those from the existing building.
[Via Bowery Boogie]
- JDS and SHoP Architects Unveil Plan for 900-Foot Lower East Side Tower
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- Take in the Views From Extell’s 850-Foot-Tall One Manhattan Square