REEC files demo plans for seven-building Nolita assemblage
UPDATED 5:35 a.m., October 3, 2024: Brandon Miller’s Real Estate Equities Corporation, on June 7, filed seven permit applications for the demolition of seven buildings at 156 to 166 Bowery in Nolita.
Kinsmen Property Group, a joint venture between Madison Group and State Building Group, purchased the properties in 2017 and 2018. At the time of the transaction, the developer stated there were no immediate plans for the site.
In September of 2020, Real Estate Equities Corp. signed a 99-year ground lease valued at $50 million with Kinsmen Property Group for the seven parcels.
The first plans call for the demolition of a four-story building at 160 Bowery.
The project is described in the filings as: full demolition of building using hand held and partial mechanical means to assist as per plans filed herewith.
The property was acquired with four other properties for $30 million on November 15, 2018.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
The second plans call for the demolition of a four-story building at 164 Bowery.
The project is described in the filings as: full demolition of building using hand held and partial mechanical means to assist as per plans filed herewith
The property was acquired with three other properties for $23.5 million on June 6, 2017.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
The third plans call for the demolition of a four-story building at 158 Bowery.
The project is described in the filings as: full demolition of building using hand held and partial mechanical means to assist as per plans filed herewith
The property was acquired with four other properties for $30 million on November 15, 2018.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
The fourth plans call for the demolition of a three-story building 162 Bowery.
The project is described in the filings as: full demolition of building using hand held and partial mechanical means to assist as per plans filed herewith
The property was acquired with three other properties for $23.5 million on June 6, 2017.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
The fifth plans call for the demolition of a four-story building at 158 1/2 Bowery.
The project is described in the filings as: full demolition of building using hand held and partial mechanical means to assist as per plans filed herewith
The property was acquired with four other properties for $30 million on November 15, 2018.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
The sixth plans call for the demolition of a four-story building at 156 Bowery.
The project is described in the filings as: full demolition of building using hand held and partial mechanical means to assist as per plans filed herewith
The property was acquired with four other properties for $30 million on November 15, 2018.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
The seventh plans call for the demolition of a three-story building at 166 Bowery.
The project is described in the filings as: full demolition of building using hand held and partial mechanical means to assist as per plans filed herewith
The property was acquired with three other properties for $23.5 million on June 6, 2017.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
Correction: An earlier version of this post reported that Kinsmen Property Group filed the demolition plans, when in fact it was Brandon Miller of Real Estate Equites Corporation, who filed the plans. He controlled the property through a 99-year ground lease.