Big changes are ahead for 263 Broome Street, a five-story tenement and adjoining low-rise commercial building on Allen Street. According to Department of Buildings records, the owner will soon begin a full demolition of the property, and it appears a hotel project is planned for the parcel.
On September 19, the city gave the go-ahead for the demo, “using hand devices only.” An observant tipster led us from the application to the web site for Sun Sun Investment, located at 207 Bowery.
Here’s the drawing posted to the site, depicting a structure at least 10 floors high. There are no details about the plan, but the home page does make reference to a “hotel project on the Lower East Side.” S M Architects in Brooklyn is designing the new building. 263 Broome Street is currently listed on Halstead’s web site for $7.5 million (presumably that listing will disappear sometime soon).
There are, of course, a large number of planned and/or stalled hotel projects across the neighborhood. Developers have insisted there continues to be a market for additional hotel rooms on the Lower East Side. Stay tuned. We’ll see what additional information can be turned up.