Ten-Story Condo Ready to Fill Hole Left by Irreplaceable Artifacts Decades Ago
More than two years in the works, the construction of a luxury condo atop a long-vacant Second Avenue pit will proceed, thanks to a construction loan secured by the developer.
Development firm Station Companies scored a $13.75 million construction loan for its ten-story building here at 14 Second Avenue. Owner Daniel Vislocky is behind the as-of-right construction, which will add ten full-floor apartments in the $2.8 million to $3.5 million range. Resident amenities will include ground floor storage and onsite gym.
Department of Buildings approved plans for the development earlier this year, and issued the requisite permits.
Station Companies purchased the former Irreplaceable Artifacts site – the cellar and sub-cellar have been exposed to the elements since its demolition twenty years ago – back in 2018 for $7 million through a court-appointed bankruptcy trustee. (The property was involved in a legal tussle thirteen years ago between the city and former owner Evan Blum.)
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