By Sabina Mollot
The plans for the soon-to-be demolished former Peter Stuyvesant Post Office have been revealed — it, along with a now vacant shop next store, are to become an eight-story apartment building with 114 apartments.
The plans were announced by Benenson Capital Partners (Benenson) and Mack Real Estate Group (MREG) who are partnering on the development of the property, which will also have 15,400 square feet of ground floor retail.
Benenson has owned the property at 432 East 14th Street, between First Avenue and Avenue A, since the 1940s, and recently filed demolition plans. The post office closed almost a year ago and has since moved into a smaller space a block west.
The new building, across the street from Stuyvesant Town, will be designed by Robert Laudenschlager of SLCE Architects.
“We are delighted to work with Mack Real Estate Group on this exciting new project, which we believe will maximize the long-term value of a property that has been part of our portfolio for many years,” said Richard A. Kessler, Chief Operating Officer of Benenson, in an official statement. “The Macks share our multi-generational investment philosophy, and we look forward to creating an outstanding building by combining our expertise.”
In a press release, the partners touted the location as a prime spot due to its proximity to the L train connecting the trendy Brooklyn neighborhoods of Bushwick and Williamsburg to the East Village.