Published On: Wed, Jan 6th, 2016

Michael Shvo expanding 100 Varick Street project

Developer buys portion of the adjacent building for $9 million

 

Shvofinal - Michael Shvo expanding 100 Varick Street project


Michael Shvo picked up another Hudson Square parcel, which he plans to add to the site of his planned 25-story condo project next door, known as 100 Varick Street.The developer bought a piece of 555 Broome Street – the building’s two-story annex – paying $9 million to the Door, a youth nonprofit which owns 83 percent of the building.

SHVO is planning a Renzo Piano-designed, 242, 000-square-foot condominium building at the site, along with partners Bizzi & Partners Development and Halpern Real Estate Ventures. That building will stand 25 stories and house 115 condo units.

The plans also call for 17, 000 square feet of commercial space and 750 square feet for a community facility.

Read the full story at The Real Deal

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