Work on an 85-foot tall residential development at 260 Bowery has topped out. The 3,700-square-foot building, which is being designed by Morris Adjmi Architects and developed by Premiere Equities, will yield 14,611 square feet. The eight-story structure will contain five apartments, averaging 2,922 square feet apiece. The property is located in Nolita between Houston Street and Stanton Street and sits across from the New Museum. The site, purchased for $10 million several years ago, replaces an old three-story kitchen supply store, as previously reported by Bowery Boogie.
New office buildings are a rarity in SoHo, because a combination of landmarking and incredibly high property values normally push developers to build condos if they want a return on their investment. But one builder has bucked the trend and filed plans for a seven-story office building at 134 Wooster Street, between Houston and Prince Streets.