A Bit More About 12 East 13th St.

From the NY TIMES:

As bikes abound and roads grow narrower, New York can seem to be turning its back on cars. The rapid disappearance of gas stations may not be helping things either.

Parking garages are befalling similar fates, which may not be that surprising: Often humdrum, and built for function, they rarely seem to be the focus of preservation efforts, and developers have long eyed their sites for their potential.

But in Greenwich Village, two garages are being incorporated into condo developments, at 12 East 13th Street, with eight units, and 17 East 12th Street, with nine.

On East 13th, near Fifth Avenue, DHA Capital and Continental Properties are at work on a garage once used mainly by Hertz, the rental car company, which also had a ground-floor office. With eight floors, the garage was built in 1930, before modern zoning laws were imposed on the low-slung area, limiting height.

Indeed, had the developers torn down the garage and built new, it is doubtful that a new structure could have been as bulky as what is there now, which meant converting was a better option, said Dan Hollander, DHA’s managing principal.

Still, the developers could shift some things around; by shaving off the back of the building and adding that mass to the top, they were able to boost the height to 12 stories.

Other alternations are needed. The windows were not big enough for residential use, so they are being enlarged, as the building also gains a new facade, Mr. Hollander said. But starting with a foundation and walls cut some construction costs on the $75 million project, he added; similarly, the condo will take less time to complete, about 16 months, versus 24 months for ground-up construction.

DHA is also keeping a parking area, but for 11 cars, not 100 as before, and just on the second floor. Residents will drive into the original bay, then a robotic lift will pick up the vehicle and stow it.

Starting at $7.5 million for a three-bedroom, the units went on sale in April, although no contracts had been signed by late June.

An almost identical game plan is being followed on East 12th Street, where Rigby Asset Management is removing walls and floors from the back of the eight-story building to allow it to grow to 11 stories, giving apartments more light and air. There, too, a floor will be kept for parking, on the ground floor, for nine cars; and the same automated apparatus as at East 13th Street will serve as attendant. The nine condos, most of which have four bedrooms, are much pricier, however, starting at $14 million. Sales began at the end of June.

“You get column-free space and tall ceilings,” said Peter Armstrong, Rigby’s managing partner, who previously converted a garage at 73 Wooster Street into a six-unit condo. “You feel like an artist with a blank canvas.”

 

Similar Posts

  • Latest New School Construction Update

    Next week (January 16 to January 20), Superstructure work will continue at and 3rd, 4th and 5th floor levels. Sidewalk shed along 14th Street has been opened and we will open the sidewalk shed along 5th ave completing the sidewalk shed work.
    The following week (January 23 to January 27), we will continue superstructure concrete and slabs on 3rd, 4th and 5th floor levels.
    This weekend the site will be open on Saturday, January 14th for superstructure related activities between the work hours of 7AM and 5PM as permitted by the City. To control noise levels within the site, work activities will be limited to the placement of formwork and concrete, plumbing and electrical work, rebar for concrete placement, using the crane and equipment to support all activities. Safety horns are used, and required by law, to coordinate lifting with the crane and to alert the workers of the danger overhead. We have directed the operators to limit the use of horns to one short sounding and to use the crane later in the day so as to avoid any excess noise.

    In addition to the normal work this Saturday we will be installing a new crane on 5th Ave. that will service the site for the duration of the project. During the installation 13th St. will be closed as well as some lanes on 5th Ave.

  • All About 12 East 13th

    12east13th1-thumb 12east13th2-thumb

     

    A Greenwich Village parking garage at 12 E. 13th St. between University Place and Fifth Avenue will be transformed into eight large condominiums, in another sign of the city’s booming ultra-luxury market.

    The building, which sold for $32 million in 2012, will feature eight apartments—a mix of full-floor units and duplexes—with expected asking prices range from $7.5 million to $28.5 million for the top triplex, according to the project’s developers. Occupancy is expected by the end of 2014.

    The project is a joint development by DHA Capital LLC and Continental Properties.

    The developers plan to add four more floors to the eight-story building, which was built in 1930. A portion of the rear will be demolished and replaced with the new stories, and it will also receive a new façade with elongated bricks to make the windows wider.

    The 10th, 11th and 12th floors will make up one triplex, while all of the ninth and part of the eighth floor will make up a duplex with an asking price of $18 million. The building will be topped by a glass structure being added as part of the 6,000-square-foot triplex penthouse.

    The building will feature a 24-hour concierge, an automated parking system, a small gym, individual storage space and street-level retail.

    The building is currently undergoing demolition, and reconstruction work will begin in a month or two.

    Steven Fisch of Continental Properties, a family business started by his father in 1957, said this was their first joint venture with DHA Capital LLC, and the two groups looked at other properties before deciding on this one.

    “One major factor was the size of the block, the location obviously, and the ability to do something very special, to create almost a work of art with full-floor condos,” said Mr. Fisch. “It’s very hard to find a 67-foot-wide building.”

    Mr. Fisch said the two groups decided to create an ultra-high-end luxury building rather than smaller, more affordable apartments because there has been very strong demand for this type of housing over the past five years, and a shortage of supply.

    He said they also wanted to distinguish themselves from large buildings featuring 150 and 200 apartments.

    “It is in a location, and a time in New York City, when this can happen,” said Mr. Fisch.

    Richard Cantor, a principal at Cantor-Pecorella, is marketing the condos. Mr. Cantor said none had been sold yet, but the ultra high-end luxury residential market is very strong.

    “There’s been a huge uptick in prices in the high end, it’s a very strong market,” said Mr. Cantor.

    He said the building doesn’t have a “pretentious” name, and is just known by its address to keep it simple.

    The last tenant at the 45,000-square-foot parking garage was Hertz Rental Car, which vacated once its lease expired.

    12east13th1-thumb

  • Park Arrests Way Up

    Something has gone wrong in Union Square Park this summer. Complaints about illegal behavior, drug use, and vagrancy have led to a 320% increase in police citations. Now the police are patrolling much mor aggressively, as are hired security teams from the Union Square BID.