The rental building at 277 West 10th Street appears to be headed for a mega makeover. The Real Deal spotted an application with the Department of Buildings to turn the existing 145 apartments into just 42 units. Last month, Starwood Capital Group bought the landmarked building for $68.2 million from Vill-Shepherd Equities Corp. The structure was originally built in 1893 as an industrial building, and Rockrose Development converted it to residential in 1979. It now appears that it's headed for a condo conversion.
DOB filings show that the new proposal calls for duplexes on the cellar and first floor, and three units per floor from the 2nd to 11th stories. Currently, there are 12 apartments per floor. One giant full-floor duplex is planned for the 12th and 13th floors, which would include a rooftop terrace. Beyer Blinder Belle is listed as the applicant of record, and the Naftali Group is listed as the owner. The application, which was processed today, says the project will cost $20 million.
· Shepherd House pitches fewer units in $20M renovation [TRD]
Photo via Property Shark
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