$50 Million Lawsuit Filed Over 47-Story Project Planned on Former Pathmark Pharmacy Site

Two Bridges Teams Up With Developer For Project Alongside Extell Tower

New Affordable Housing at 235-247 Cherry St.; An Old Plan Revisited

235-247 Cherry St., December 2012.

235-247 Cherry St., December 2012.

Today’s New York Times report, “Reasons for Crossing Delancey” touched on the future of the former Pathmark site along South Street.  Gary Barnett’s Extell Development bought the large parcel last year and is planning a huge residential tower, apparently with a ground floor supermarket.  The article noted that, “The Two Bridges (Neighborhood Council) owns a lot adjacent to the Pathmark site, where (Two Bridges President Victor) Papa said he would like to build 75 more units of subsidized housing.”

It’s not news that Two Bridges, which along with Settlement Housing Fund built seven affordable housing complexes along the East River, has plans for the site mentioned by the Times.  The parcel, known as 235-247 Cherry St., formerly housed the Pathmark pharmacy.  But given all of the development activity in the area, we thought it worthwhile to revisit the status of this site.