In the summer of 2011, we first brought you the story of 208 Delancey St., a new condo project from a group of Chinese American investors. The site, with frontages on both Delancey and Pitt streets, has been stalled for many months. On Monday, a listing popped up from a real estate brokerage for the five parcels that make up the so-called “Delancey Bridge Tower” residential development.
Keller Williams is asking $35.5 million for the property, which was meant to accommodate a 12-story building with 69 apartments and 8300 square feet for commercial/community facilities. The architect, Michael Kang, envisioned a rooftop recreational space, as well. While the address isn’t listed, the posting includes the original diagram of the project, so there’s no doubt about the property in question.
Four years ago, 53 investors pooled their resources to purchase the site, previously owned by Anthony Marano T & J Auto Repairs, for $8.5 million. They intended to build the condo project for their own use. Since that time, the developers have racked up numerous Department of Buildings violations, fines and “stop work” orders.