Drilling Down Into McCarren Park Development

building
The most recent issue of NY Construction takes a look at the eastern side of McCarren Park, which, coincidentally we spent some time exploring last week. In particular, three developments on Bayard Street are profiled:

  • The 12-story, 51-unit, $16 million Aurora at 30 Bayard St. is nearly complete and on track to open this spring.
  • The eight-story, 58-unit, $17 million Ikon located at 50 Bayard St. is a converted warehouse that will be complete by late fall.
  • The third is the as-yet-unnamed, 16-story, 64-unit, $20 million tower at 20 Bayard St. that is scheduled to be complete by the end of summer.
  • A couple interesting facts jumped out at us from the article: 1) The three continguous developments on Bayard Street are all being done by developer Isaac Hager; 2) All three are grandfathered under the old zoning, enabling them to be much higher than would currently be allowed.
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