Community members and the developers poised to build four skyscrapers along its waterfront met again to discuss community concerns over the new development. Neighborhood residents came with one major request: slow the approvals timeline down.
Developers JDS, L+M Development Partners and CIM Group, and Starrett met with the community to explain their vision and elicit feedback for three 700-foot-plus waterfront developments planned for the neighborhood.
Developer Michael Stern appeared in front of the Lower East Side’s community board on Tuesday to present 247 Cherry Street, the 77-story tower Stern’s JDS Development Group plans on erecting in the neighborhood.
Bad news for JDS Development: A month after progress on the firm’s Lower East Side skyscraper was halted due to a lawsuit over an adjacent site, it’s been hit with a lawsuit of its own over the same parcel of land.
The Department of City Planning wrote a letter to JDS chief Michael Stern saying the project would not be able to move forward until warring parties had come to an agreement over the sale of an adjacent property.
Plans currently call for 600 apartments, of which 150 will be permanently affordable. A community center at 247 Cherry Street will be demolished to make way for the tower and a portion of it will cantilever above the existing senior housing building.
Developer of supertall towers JDS has identified their next project: a 77-story tower on the Lower East Side. The building will rise alongside Extell's equally tall condo and bring with it 600 apartments, 150 of which will be permanently affordable.