Developer Knightsbridge Properties is in the midst of converting the second oldest cast iron structure in New York City from rentals into high-end condos. The conversion of the 1857 building on Reade Street between Church Street and West Broadway is being led by WORKac and includes an addition to the five-story building of one full floor and a mezzanine as well as the total restoration of the original facade led by preservation architects CTS Group. The project will take the esoteric moniker of Obsidian House (Like the volcanic glass of the same name, the facade of the building is black. Get it?). When complete, the building will have three two-bedroom lofts that will ask between $2.95 million and $3.1 million, and one triplex loft penthouse that will ask $7.45 million.
All the information and renderings regarding the conversion have been removed from WORKac's website, meaning they may not be totally up to snuff with the current project. Here's how WORKac described the triplex penthouse prior to sweeping their website,
Nestled under this undulating roof, the proposal for the 2.5 level penthouse unit provides a wide variety of spaces and room types, from the dramatic entry and entertaining space above to the rich texture of family and sleeping spaces below. These terracing levels are linked by a single open stair... The building will have ground floor retail with "minimum signage," a stipulation agreed on at a September 2012 community board meeting reported by Tribeca Citizen. Knightsbridge Properties is also behind the elegant conversion of Shigeru Ban's Cast Iron House. The teaser site for the building launched early this week, meaning a sales launch is probably on the horizon.
· Obsidian House [official]
· Is 93 Reade Adding a Floor? [TC]