Lower East Side Condo Development News: Crain’s reported that Urban-Scape, a Brooklyn-based developer recently purchased 100 Norfolk St in the Lower East Side with the intent to build a new condominium opposite the existing Blue building on Delancey St. Despite the 120′ height limits implemented in the Lower East Side after the 16-story Blue was built, Urban-Scape reportedly owns the neighboring properties to 100 Norfolk allowing for the transfer of air rights to the lot.
Expect to see more development in the Lower East Side in the coming years. Its vibrant artist and low-scale nature is attracting more interest from both buyers and developers. Clinton Street is especially beautiful with its green foliage shading small boutiques and galleries.
Condo to rise on former Ratner’s site off Delancey | Crain’s New York Business.
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