Three condo plans totaling $191.6M: Sunlight; Horizon Group; Churchill
By Atticus O’Brien-Pappalardo
PincusCo Media took a deep dive into three condominium plans submitted to the New York State Attorney General over the last couple of months. The three plans, submitted by Sunlight Development, David Marom’s Horizon Group, and Justin Ehrlich’s Churchill Real Estate, have a combined sellout of $191.6 million.
Sunlight Development submitted a condominium plan with a $136.4 million sellout to the New York State Attorney General on July 31, for a development known as Nusun Tower which will build two new buildings, a residential tower at 136-18 Maple Avenue and a commercial building next door at 136-20 Maple Avenue in Flushing.
When completed, the buildings will have 113 residential units and 17 commercial units, according to the AG filing. However, the DOB filings only show 62 residential units.
To build the structures, Vicki Zhi filed two separate plans with the NYC Department of Buildings. The first calls for 62 units at 136-18 Maple Avenue and was pre-filed in January.
The second, for the commercial building, was filed in March. The plans call for a 131-foot tall, 12-story mixed use building. The plans indicated the building would be split between residential, commercial, and community space. According to the developer’s website, the building will be comprised of 180,000-square-feet, and is referred to as a residential and medical office condo. The plans have yet to be permitted.
Fran Huang of HPL Engineering P.C. is listed as the architect on the DOB filing.
According to Sunlight’s site, the building is expected to be completed in 2022.
The firm has developed other condominiums in the past, such as the Booth Park Condo, located at 136-20 Booth Memorial Avenue in Flushing. The building currently has a $29,151,400 sellout price according to the Attorney General.
David Marom’s Horizon Group submitted a condominium plan with a $25.3 million sellout to the New York State Attorney General on July 30, for the building known as The Horizon at 61 Rivington Street in the Lower East Side.
The building, when completed, will have 11 residential units, according to the filing.
On July 9, 2018, Marom filed $848,000 A1 plans with the NYC Department of Buildings calling for a vertical enlargement and conversion of the building at 61 Rivington Street. The project aimed to convert the public building occupancy to residential, with two ground floors dwelling units, three second floor dwelling units, two dwelling units each on floors three and four, and one dwelling unit each on floors five and six.
The project’s initial alteration permits were issued in January of 2019.
The building had previously been used as a dance hall and a restaurant, before the Horizon Group purchased it for $8.4 million in 2018.
Issac & Stern Architects are responsible for the design according to the original filing.
The Horizon Group has developed over 30 residential and commercial properties in the greater New York City Area. The developer is responsible for a series of other significant condominiums throughout the city, such as 100 Norfolk Street, also in the Lower East Side, which currently has a $72,590,931 sellout price with the AG.
Justin Ehrlich’s Churchill Real Estate submitted a condominium plan with a $29.9 million sellout to the New York State Attorney General on August 25, at the site of the former Leaning Tower of SoHo at 74 Grand Street in SoHo.
The building, when completed, will have five residential units and one commercial unit according to the filing.
On September 19, 2013, Churchill filed new building plans with the NYC Department of Buildings calling for an 88-foot tall, six-story building with five residential units. The plans were permitted in 2015, but have yet to receive a TCO.
The property, sitting within the Cast Iron Historic District, has an interesting history. The last building to occupy the plot was known for its 32-ton iron facade, which was a piece of a larger facade which was originally part of the Edward Laing Stores, also known as the Bogardus Building.
When 74 Grand’s neighboring building underwent hasty excavations in 2004, 74 Grand began slowly tipping over, resulting in the building being known as the Leaning Tower of SoHo. The tilt eventually increased to over two feet, forcing an emergency demolition of the building in 2010.
The demolition was no simple process, as the Landmarks Preservation Commission ruled that the building’s owner must first dismantle the historic facade piece by piece, store it, and then include it on the next building to occupy the plot.
The various facade pieces changed hands several times since the building’s demolition, and were sent to New Jersey for storage reasons, before returning to their SoHo home earlier this year.
Joseph Pell Lombardi & Associates is the architect for the new building.
Ehrlich has been part of other significant condominium projects as well. The 157 Hudson Street Condominium, which was developed by VE Equities, a real estate investment and development firm run by Ehrlich and Zach Vella, currently has a $106,293,400 sellout price with the AG.