415 Eighth Ave. (W. 31 St.)
As was first reported in the Observer and commented on by me a month ago:
Originally Posted by antinimby
Parking Lot Across From Penn Station to Go Residential
by Eliot Brown
Published: November 21, 2007
The New York-based Savanna Real Estate Fund is planning a 100,000 square foot mixed-use building across the street from the Farley Post Office and Pennsylvania Station, a corner site home to a parking lot.
The site, 415 Eighth Avenue, is on the southwest corner of Eighth Avenue and 31st Street, a location certain to benefit from the gargantuan amount of development – about $14 billion – envisioned for the immediate area by the state, Vornado Realty Trust, and Related Companies.
Savanna purchased the site for $27,850,000 in early September, according to property records, after the site appeared to have been privately owned since at least the 1980s.
The development plans for the site were announced by Bensen & Associates’ Adelaide Polsinelli, who brokered the sale.
Other representation in the deal came from the Laurie Grasso of Herrick Feinstein for the buyers and Seligson, Rothman & Rothman’s Aaron Seligson for the sellers.
Copyright ©, The New York Observer, L.P.
Here's the first rendering of the project from RKF:
While certainly no architectural masterpiece, I think this is a wonderful redevelopment of that underutilised and eyesore parking lot.
Its got two levels of retail, too. A derelict corner reclaimed and the block upgraded. This project gets a thumbs up.
The sad-looking site as it is right now:
That sure is a futuristic rendering....I agree with your thoughts about this project but it should also be 2 or 3 times the size for its location. Oh well.
Yup, stupid zoning again. The site's only got a 6 FAR.
Right next to Penn Station no less!!
And with views of DVD Porn Palace + Big "Sports" Bar right across Eighth Avenue
That east side of Eighth just below 31st is one sorry looking block.
It's never been one of my favorites.
This project was mentioned in the NY Sun today:
On the corner of Eighth Avenue and West 31st Street, Savanna Real Estate Fund I LP is planning to develop a residential rental building with 90 luxury rental units, retail space on the lower level and the ground and second floors, and corner frontage on Eighth Avenue and 31st Street.
Photos from June 6, 2008
Sheds are going up.
DOB permits show 15 stories and 88 units.
Yeah ^ and 350,000 people walking by your window everyday!
Can you give me a link Anti?
Only 15 stories across from Penn Station...
http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01
Zoning: M1-6 - LIGHT MANUFACTURING DISTRICT (HIGH PERFORMANCE)
Looks like this project is kaput.
They've taken down the chain-linked fence/sidewalk scaffolding and have now returned it to its prior use: a parking lot...
Nooooo!!! That sucks! This location needed a fresh new glassy building to round out the old mix. What a prime corner that sits as a parking lot.
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