259 Clinton Street via Perkins Eastman
Additional details and a new rendering have been unveiled this week for a 62-story Lower East Side skyscraper designed by Perkins Eastman Architects, nearly two years after 6sqft first wrote about the project. Located at 259 Clinton Street, the tower is a part of a controversial three-building project coming to the waterfront of the Two Bridges neighborhood. According to YIMBY, latest plans for 259 Clinton Street, developed by Starret Development, call for a 730-foot tower, slightly higher than an earlier 724-foot proposal.
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Starrett City photo via Matt Green on Flickr, President Trump photo via Wikimedia
As he proposes funding cuts to the Department of Housing and Urban Development’s subsidized housing programs, President Donald Trump is set to gain millions of dollars from the sale of an affordable housing complex in East New York, best known as Starrett City. Investors, including Trump who owns a 4 percent stake in the development, sold the 46-building complex to two real estate firms for $906 million, ABC News reported Tuesday. Trump is set to profit about $36 million from the sale (an amount which could drop after mortgage costs and transfer taxes). Home to roughly 15,000 residents across 145 acres, Starrett City is the largest federally subsidized housing project in the country.
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Rendering of 247 Cherry Street via SHoP Architects
In an effort to slow construction of three residential towers in the Two Bridges neighborhood, City Council Member Margaret Chin and Manhattan Borough President Gale Brewer will submit an application to the Department of City Planning that forces the plan to go through the city’s land use review process. Developments at the waterfront site include a 1,000+ foot tower from JDS Development Group, a 1.1 million-square-foot development from L+M Development and CIM Group, and a 724-foot rental building from Starrett Development. According to Politico, the Manhattan pols hope the review process will encourage public scrutiny of the projects, including a demand for shorter structures.
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The historically low-income, low-slung neighborhood of Two Bridges–the area along the East River, near the footings of the Manhattan and Brooklyn Bridges where the Lower East Side meets Chinatown–has become a high-rise hotbed over the past year. Despite the controversy that the four planned projects, all upwards of 700 feet, have caused, they’re moving along fairly swiftly, and The Lo-Down now has the big reveal for the final site–Starrett Group‘s 259 Clinton Street. Perkins Eastman Architects have designed the 724-foot, 62-story glass tower, which will have ground-floor retail and 732 apartments, 25 percent of which will be permanently affordable with a good chunk being set aside for low-income seniors.
More details and renderings ahead