Development Watch: 53 Broadway

After buying the 15,000-square-foot lot at the corner of Wythe and Broadway back in 2005 for a cool $6,900,000, the developers Kaish & Taub finally pulled their excavation and shoring permits about three weeks ago; we hear that lining up the funding was a bit of a bear. Their plans for a seven-story building for the site have yet to meet with DOB approval, despite a back-and-forth dating back to May 2006. The current plan is for 72 apartments and 66 parking spaces along with a healthy dose of ground-floor retail. (In a sign of the times, condos have been ditched in favor of rentals, we hear.) And it looks like The Edge won’t have the only pool in town either. The Kutnicki Bernstein design looks pretty nice to us. GMAP P*Shark DOB
Feb 06, 2012 | 12:32 PM