Developers File Permits for 70-Story Skyscraper on LES Waterfront

Posted on: October 1st, 2021 at 5:01 am by

The future coastline, Photo: SHoP Architects

And it begins. Again.

The wall of glass slated to rise along the Lower East Side waterfront is another step closer to reality, as Two Bridges Associates – a partnership between L+M and CIM – this week filed paperwork with the city for its skyscraper. The seventy-story beast is to spawn in the parking lot behind the Lands End II residential complex. (L+M sold the property last November for $435 million.)

Address for the development is now 265 South Street, which is a revision from the initial 260 South designation.

Both super-tall towers will altogether include roughly 1,350 apartments with more than 300 earmarked as affordable; retail spaces are also anticipated on the Cherry Street front, including the possibility of a grocery or pharmacy.

As previously reported, L+M/CIM partnered with Handel Architects for the two-towered project that is to rise 761 feet and add 1.1 million square-feet of floor area. Plans were initially filed with Department of Buildings in 2016; five years later, there are some additions. Namely, a 14,500 square-foot community facility, thirty-foot-long rear yard, and enclosed parking for 103 vehicles.

For comparison, One Manhattan Square is a smidgen taller at 847 feet high.

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