Slate Property Group filed permits fully demolish a five-story walk-up building at 203 East 33rd Street in Murray Hill. No details of their plans have been made public, but the team has the ability to transfer development rights from the string of adjacent properties they own to construct a mid-size building.
Built in the early 1900’s, the structure is one of seven adjacent tenement buildings between Second and Third Avenues that the development group purchased in 2013 that are altogether called The Collective. In all, the buildings comprise 146 rental apartments and eight retail spaces. A $10 million renovation and rebranding reconfigured the units into smaller apartments with high-end appliances aimed at young college students and post-graduates. All seven buildings are linked with an underground tunnel, which features a screening room and a game room. Other amenities include a part-time doorman, dishwashers, and a huge shared rooftop terrace with outdoor seating.