Samy Mahfar Files Plans for 10-Story Building at Long-Vacant 255 East Houston Street

Posted on: August 19th, 2015 at 5:10 am by
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The crumbling 255 East Houston has been vacant ever since construction on the adjacent development destabilized the structure. Ultimately, the activity next door resulted in the departure of the Action for Progress school in 2010. In the ensuing years, owner Samy Mahfar tried – and failed – to unload this property. There had been numerous retail listings, all in the ungodly price range north of $30 million. So, instead, the ruthless building owner is acting as developer on his own land.

Samy Mahfar/SMA Equities – who, for the most part, treats his tenants like shit – filed plans with the Department of Buildings this week for a new ten-story residential tumor on the L-shaped parcel of 255 East Houston (aka 171 Suffolk). Once the building is razed (no permits yet), the new construction will boast fifty-three apartments across 47,020 square-feet; the first floor will house a 4,600 square-foot “community facility.” The Stephen B. Jacobs Group – known for imparting work in the Meatpacking District – is the architect of record.

It’s also worth mentioning that Mahfar and company previously attempted to install a commercial zoning overlay to allow for retail business on the ground level. The bid was met with stiff opposition by Community Board 3 four years ago, and eventually fizzled.

[h/t YIMBY]

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