Valyrian Capital

Excavation is nearly complete at 54 MacDougal Street, a ground-up, six-story condominium being developed by Valyrian Capital and Ajax Partners. Up until 2013, a humble three-story townhouse stood at the 2,500-square-foot lot for nearly 200 years, dating its creation to around 1820 when it was built on land formerly owned by Aaron Burr. The building lot is within a once working-class and immigrant neighborhood referred to by some as the South Village. Unlike large swaths of Greenwich Village to the north and cast iron sections of Soho to the west, the motley mixture of low-rise, pre-war buildings for years lacked landmark protections. Since 2006, the Greenwich Village Society for Historic Preservation (GVSHP) has urged the city's Landmarks Preservation Commission to designate a 35-block stretch of the neighborhood as an historic district, making it the city’s first tenement-based landmarked district. To date, two of the three phases of the district have been designated.
More details ahead