A 45,000-square-foot parking garage at 12 East 13th Street has changed hands for $32 million, and the new owners plan to convert the property into upscale condos. Globe Street reports that DHA Capital LLC and co-development partner Continental Properties will be developing the project, which will have a mix of full-floor units and duplexes, as well as street-level retail. The current structure?an eight-story brick and steel building constructed in 1930?will not be enlarged, but a portion of the rear will be demolished and replaced with new stories. Cetra/Ruddy was chosen as the architecture firm.
· DHA Acquires Greenwich Village Site For $32 Million [Globe Street]