Broad Street Development receives TCO for 114K sf Noho condo with $307M sellout

Broad Street Development, on November 6, was issued a temporary certificate of occupancy for construction of a 61-unit, 114,559-square-foot condominium building at 308 Mulberry Street in Noho.

The condo, which has an alternate address of 40 Bleecker Street, has a current sellout price of $308 million with the New York State Attorney General. The sellout surpasses the initial target sellout of $288.5 million set by the developer when plans were submitted in December of 2016.

The plans, pre-filed on October 21, 2015, call for the construction of a 179-foot tall, 12-story building. The time from pre-file to TCO was five years and one month.

The project is described in the filings as: propose to erect new residential building as shown on drawings filed herewith.

According to the plans, the cellar has parking for 12 cars, laundry, an office, exercise room, swimming pool, and storage. The ground floor has a residential lobby, retail space, storage space, and a mail room. The second floor has seven dwelling units and a recreation space. Floors three through five each have eight dwelling units per floor, floors six through nine each have six dwelling units per floor, the 10th floor has three dwelling units, while floors 11 and 12 each have one dwelling unit and one half of a duplex unit.

Rawlings Architects was behind the design.

The developer constructed the project with the help of a $96 million loan from Bank of the Ozarks.

Direct link to Acris document. LINK

Direct link to DOB document. LINK

Direct link to C of O occupancy.LINK