Construction has yet to begin on the proposed Renzo Piano-designed condo building at 555 Broome Street (formerly known as 100 Varick Street), but the structure may get a little bigger: According to the Commercial Observer, developer Michael Shvo paid $9 million for a two-story annex at the building adjacent to the proposed condo's lot, which is currently home to a youth services nonprofit.
Though the acquired property isn't particularly large, it could give Shvo (who is developing the project along with Halpern Real Estate Ventures and Bizzi & Partners Development) a chance to expand the development's footprint, according to CO.
The DOB filings for the building, which have yet to be approved, call for a 290-foot-tall, 25-story structure with 115 apartments, along with ground-floor retail, a fitness center, outdoor space, and a porte cochere (because why not). No word yet on how the acquisition could affect Piano's design for the approximately 260,000-square-foot building.
· SHVO Buys Nonprofit's Property Next to Its Planned 25-Story Renzo Piano Condo [CO]
· New Look: Glassy Condos by Renzo Piano of Whitney Fame [Curbed]
· Renzo Piano Will Design Shvo's Hudson Square Condo Tower [Curbed]
· All 555 Broome Street / 100 Varick Street coverage [Curbed]