Excavation is beginning at 199 Chrystie Street for what will become a 14-story, 39,188 square-foot condominium tower with full-floor residences. R. Wade Johnson Design is listed as the architect of record for the the development, which is located on the Lower East Side near the corner of Chrystie Street and Stanton Street. KD Sagamore Capital is the owner and developer, and purchased the property for $20 million. The site was previously occupied by two buildings, 199 and 201 Chrystie Street, whose demolition was completed earlier this year.
KD Sagamore Capital
Permits have been filed for a 14-story mixed-use building at 199 Chrystie Street, on the Lower East Side. Ian Schrager’s Herzog and de Meuron-designed 215 Chrystie Street is just a few doors down, and its new neighbor will borrow from the same playbook, with massive condominiums indicated in the new building applications.