More changes are ahead for Delancey Street. According to Crain’s, 100 Norfolk Street (at Delancey) has sold to Brooklyn developer Urban-Scape for $8.8 million. The parcel, owned by Ratner’s restaurant (which was once located at 138 Delancey), is destined to be redeveloped as an apartment complex.
The 7,000 square foot building now on the site was used by Ratner’s for offices, storage and refrigeration, until the famed restaurant closed in 2002. According to the story, the sale took a long time to come together because height restrictions were imposed on the site in 2008, when more than 100 blocks of the Lower East Side were rezoned. While there’s a 120 foot height limit on Delancey Street, the new owner is transferring air rights from other sites it already owns in the area.
How high is it proposed to go?
Probably 120ft since that’s the height restriction. I don’t think the air rights allow them to override that. They just let them build more square footage within that limitation.