South Street

Excavation Begins for 70-Story South Street Towers

Posted May 16, 2022 at 5:02 am

Cranes, and plywood, and pile-drivers, oh my! Such is the story down on the Lower East Side waterfront. Department of Buildings on April 12 issued official approval to the Chetrit Group to begin foundation activities for its dual 70-story tower at 265 South. A month later, the big trucks are mobilized. While excavation is now […]

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Excavation Work Prepped at Two Bridges Development Site for New Towers

Posted April 15, 2022 at 5:03 am

No sooner were excavation permits issued than worksite preparations began on a controversial South Street development along the Lower East Side waterfront. Indeed, Department of Buildings on Tuesday issued official approval to the Chetrit Group to begin foundation activities for its dual 70-story tower at 265 South. By yesterday evening, a perimeter fence was in […]

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Department of Buildings Issues Foundation Permits for 70-Story Tower on South Street

Posted April 13, 2022 at 5:01 am

The controversial 70-story tower slated for the Lower East Side waterfront received a major boost this week. Department of Buildings yesterday issued permits for the gargantuan foundation at 265 South Street, thus allowing owner-developer Chetrit Group to take advantage of the 421a tax exemption which is set to expire June 15. The applications for the […]

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Two Bridges Groups Demand DOB Deny Chetrit Special Permission to Build 70-Story Tower Under 421-a

Last modified April 12, 2022 at 10:44 am

Mere days after securing $70 million in funding comes word the Chetrit Group is appealing to the city for special permission to pour foundations for its super-tall waterfront towers, before the project overall is approved. Locals are diametrically opposed, alleging this as an attempt to capitalize on the 421-a tax break before it expires. Neighborhood […]

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Chetrit Closes on $78M Purchase of 70-Story Two Bridges Development Site

Posted April 7, 2022 at 5:02 am

The deal is done. Developer Joe Chetrit is officially part of the Lower East Side waterfront. Thanks to a $70 million loan from Madison Realty Capital, Chetrit acquired the CIM/L+M parking lot development parcel behind the Lands End II residential complex back in the fall. The deal closed last Friday for $78 million. (Prior reports […]

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Two Bridges Supertall Moves Closer to Happening in Lands End II Parking Lot

Posted February 22, 2022 at 5:01 am

Construction of the next super-tall on the Lower East Side waterfront is imminent. Residents of the Lands End II residential complex alert us to the digging of test pits in the rear parking lot, site of the future seventy-story development conceived by Two Bridges Associates, the partnership between L+M and CIM. The developers last October […]

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Chetrit Buys into Two Bridges Waterfront While Starrett Lists for $100M

Posted November 29, 2021 at 5:00 am

No longer hamstrung by the courts, the unbuilt Two Bridges towers on the Lower East Side waterfront are changing hands. In the span of a week, one of the three major developers sold its stake while another looks to do the same. Mere days before the Thanksgiving holiday, word broke that Joe Chetrit acquired the […]

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Manhattan Bridge Painter Fell to His Death Yesterday

Posted November 18, 2021 at 5:04 am

Two workers painting on the Manhattan Bridge fell from the East River span Wednesday afternoon, one of whom plunging 100 feet to his death, officials said. The victim, described as a 37-year-old man, was part of a ten-person paint crew. A police spokeswoman said that all were using safety harnesses, and had been on the […]

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Developers File Permits for 70-Story Skyscraper on LES Waterfront

Posted October 1, 2021 at 5:01 am

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 […]

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Tropical Storm Ida Floods the Lower East Side

Posted September 2, 2021 at 5:04 am

Last night, nearly ten years to the day that Hurricane Irene pillaged the city, its cousin Ida did just the same. Record flooding. The tropical storm kicked up flood warnings and tornado watches right in the proverbial backyard. Reports indicate that the city took on over four inches of rainfall during the historic overnight storm. […]

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