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Two Lower Manhattan Landmarks Will Become Luxury Condos

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Lower Manhattan will be getting two more residential conversions, thanks to a deal by the city to sell two landmarked buildings for close to $250 million. The addresses in question: 49-51 Chambers Street, the former Emigrant Industrial Savings Bank, and 346 Broadway, currently a city criminal court building. DNAinfo has the rundown on the buyers and the buildings' prospects. The Chambers Street property will be going to?drumroll please?the Chetrit Group, which is also planning a major conversion in Gramercy, and Joseph Chetrit tells DNAinfo he's envisioning a luxury residential building with ground-floor retail.

The Peebles Corporation picked up 346 Broadway, and it will become condos and a hotel, exactly what Mayor Bloomberg dreamed of. Hopefully the curvy elevator banks, and maybe even the cool bars on some of the windows, will stick around through the conversion. The community will get a 16,000-square-foot media center out of the deal.
· City Announces Deal to Sell Two Downtown Buildings for Nearly $250M [DNAinfo]
· 346 Broadway coverage [Curbed]

49-51 Chambers St

49-51 Chambers St, New York, NY 10007