In the News: Rumored Broadway Development Moves Forward

••• Remember how the look at Broadway’s Residential Boom included a rumor that something was happening at the southeast corner of Broadway and Franklin? (That’s where the Roll & Go pizza joint and American Icon are.) “Massey Knakal has sold a mixed-use building located at 360-362 Broadway,” says a press release on something called “The property is a five-story mixed-use loft building and consists of eight residential units and two retail stores. The building is 56 feet wide and contains a total of 26,723 square feet. The ground floor retail space is 5,400 square feet and is currently subleased to two tenants. The eight residential units, two per floor, are all fair market units and are the large TriBeca loft-style apartments. All the leases are for one-year terms, therefore the building can be delivered vacant within the next year. The building is also potentially part of a larger development site. Based upon its land size of 6,440 square feet and the zoning designation of C6-4A, which carries a 10.0 floor area ration, the building leads to a total of 64,440 buildable square feet.

••• “The residents of Historic Front Street, South Street Seaport’s strip of restored and new buildings, haven’t lived in their apartments since Hurricane Sandy swept through the city last fall. But now, at last, management has announced a move-in date for displaced residents. It is—drumroll please—June 30.” —Curbed

••• Inside the Watermark Bar at Pier 15. —Thrillist

••• 6 Water Street appears to be getting a crappy hotel. —The Real Deal

••• The New York Times goes drinking at “the beverage deck of the Honorable William Wall, a waterborne watering hole moored during the warmer months on the never-ending chop of New York Harbor. […] The Willy Wall, as the cognoscenti call it, is—officially—the clubhouse for the Manhattan Sailing Club, an organization that since 1987 has catered to the oceangoing urges of New York City’s nautical community.”


1 Comment

  1. The Building just south of the corner, which wraps around this building and has entrances on Broadway and on Franklin will be more difficult to convert as it is full of artist studios and artists’ residences. If it is anything like the conversion of 358, they will have to go to the sub-basement level and put in steel reinforcing beams to support any height above the current 5 stories. I assume, they will have to try to buy out these long term residents to build up, as they plan on the east side/back of the building. A nightmare to consider for those of us at 356 which has been a legal conversion since 1984 and we may be the tiny 5-story building between the 10+ story buildings around us.