Developers File Permits for 70-Story Skyscraper on LES Waterfront
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.