
Rendering of residential building to be built at 432 East 14th Street
By Sabina Mollot
Construction will soon start on the eight-story, 114-apartment building that’s planned for the space that once housed the Peter Stuyvesant Post Office.
Additionally, according to the developer, Benenson Capital Partners, construction will end in late 2016 or early 2017 and the building will be 80/20 (market rent vs. affordable housing, respectively). The information was recently published on the owner’s website, which EVGrieve first reported.
The local blog also published a rendering for the project, the first one to be seen publically, which depicts the East 13th Street side of the property, with the ground floor façade covered, trellis-like, in what appear to be plantings.
In related news, on December 18, 2015, the Department of Buildings approved an application for a sub-division of the property’s existing tax lots to three new condominium subdivisions. One was for a commercial unit, the other two residential.
What this means, a spokesperson for the DOB explained, is that the lot is broken into three properties, which is done for certain tax purposes within the Department of Finance. The spokesperson said he couldn’t say whether this meant there would be condos in the traditional sense (owned units as opposed to rental).