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Old Posted Jan 17, 2018, 2:11 AM
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Join Date: Jul 2013
Location: New Jersey - Somerset County
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Project Update: Provident Loan Society (Redevelopment; 12 floor Rogers Partners tower)



What will be modified:



Quote:
Any fading hope for a landmarked Provident Loan Society building on East Houston was dashed two weeks ago when the city approved plans for its redevelopment.

Despite grassroots support to protect the century-old structure – and backing from Community Board 3 in December 2015 – no such designation ever transpired. Instead, its longtime owners, Elsa and Dunnie Lai, will continue on the path of installing a twelve-story protrusion from the bank building. The development has been a years-long pursuit.

The Department of Buildings quietly okayed their proposal shortly after the new year (January 2). The layout now calls for 38 apartments, plus several recreational terraces and fitness rooms for tenants, all spread across 35,438 square-feet of floor area. There is also bicycle storage with twelve spaces and commercial retail, presumably on the ground floor (6,800 square-feet). Floors eight through twelve cantilever over the Mercury Lounge, made possible thanks to the acquisition of 9,238 square-feet of air rights from that property, as first reported here in January 2015.
Credit: Bowery Boogie
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