Seven-Story Luxury Addition to 242 Elizabeth Street is Underway

Posted on: June 17th, 2016 at 5:12 am by
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Over at 242 Elizabeth Street, demolition and re-construction has finally commenced on the seven-story replacement structure.

It’s been a couple of years, so let’s just recap the situation here. Architect Ron Ervolino, artist and principal of the Ervolino Group, purchased the one-story brick box in 2007 for $2.8 million. He then proceeded to sit on the investment for nearly a decade, before deciding on re-development.

Which brings us current.

Contractors are busy gutting 242 Elizabeth Street ahead of the new tumor construction. The six-story addition adds more than 6,000 square-feet of residential space to the lot. Composition is five full-floor luxury apartments and a duplex penthouse. The 1,800 square-foot commercial store – last home to the City Gym boutique – will remain.

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Public records indicate that the DOB granted a zoning variance in October 2013 to permit residential on the parcel. It wasn’t until a few months ago, however, that the city granted a permit for the $5.9 million job.

Demolition is nearly complete. But in the meantime, the developer posted a rendering of the new building on the plywood fence.

Ishac Design Architects is designer of record.

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