The Daily News reports that a parcel that once housed an ExxonMobil gas station at 2 Pike St. (East Broadway) is poised for development.
Yeung Real Estate Development has purchased the site for $18.75 million. Developer Shing Wah Yeung is planning a 13-story building consisting of office condos, a restaurant, ground floor retail and a community facility. Demolition is expected to begin this summer.
The building is being designed by Studio C Architecture. According to its website, Yeung Real Estate has a number of holdings in the neighborhood, including properties at 158 Hester St., 148 Madison St. and 75 East Broadway. The company’s offices are located at 15 Pike St.
Here’s how the architectural firm describes the 68,000 sq. ft. project:
Tucked between the Manhattan Bridge and the Williamsburg Bridge, the mixed-use tower at 2 Pike Street sits at a prominent location with three street frontage. The solid vertical core with circulation and mechanical support stands against the adjacent building and sets the proposed building apart. The ground floor serves as commercial retail space, and the second and third floor hosts a restaurant that transforms into banquet halls. The office tower rises above, leans against the Manhattan Bridge and faces towards the Williamsburg Bridge.
CBRE handled the transaction for Exxon.
Horrible…this was approved by the local cb?
Ugly beyond belief!!
Speaking of Chinatown, CB3 recently put up Fung Wah and Lucky Star Bus’ requested schedules on their website. Picture this: At the same location, Lucky Star wants 34 buses every day except for weekends where it will be up to 42! 42 times the average bus load of 50 persons equals 2,100 people! The Fung Wah plans to have 38 buses/day equally up to 1,900 passengers.
Really, do we want a total of 4,000 passengers coming and going on that tiny strip that is right after the Manhattan Bridge? The fact that these applications are even being heard at CB3 means they have been pre-approved by the NYC DOT!!