Two Bridges

With New York City's listing inventory hitting its highest level in 14 years and net effective rents still falling, according to a new report by real estate appraisers at Miller Samuel, this may be the best time for renters to snag a good deal on an apartment. This week, we're taking a look at the best rentals currently on the market for under $3,000/month. From a Brooklyn studio with outdoor space and on-site laundry to a bright corner one-bedroom on the Lower East Side, find out just how far $3,000 will get you in NYC right now.
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Distinctive Homes

Massive Two Bridges projects can move forward without City Council approval

Rendering: SHoP Architects

August 27, 2020

Massive Two Bridges projects can move forward without City Council approval

Three projects that include the construction of four towers and the creation of nearly 3,000 housing units in Two Bridges meet all zoning requirements and can move forward without City Council approval, an appeals court ruled Thursday. The Appellate Division of State Supreme Court reversed a lower court's ruling that had stopped the Manhattan megaproject from going ahead.
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Judge upholds decision to halt Two Bridges megatowers from rising

Rendering: Handel Architects.

February 26, 2020

Judge upholds decision to halt Two Bridges megatowers from rising

State Supreme Court Judge Arthur Engoron upheld an August 2019 ruling that four towers planned for the Lower East Side Two Bridges development cannot move forward. The judge’s decision invalidates the City Planning Commission’s 2018 approval of the towers on the grounds that City Council authority regarding the land-use review process was illegally bypassed and that the controversial skyscrapers must go through the city's full application process. The ruling prevents the Department of Buildings from issuing permits until the multi-billion dollar project has the proper approvals. The decision represents a rare victory for those opposed to the skyscrapers, including the City Council and Manhattan Borough President Gale Brewer and several Lower East Side and Chinatown community groups.
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July 18, 2019

New court ruling may mean more delays for Lower East Side’s Two Bridges megaproject

A recent ruling by a panel of state appellate judges may add more delays–at the very least–to the rise of JDS Development Group's proposed addition to the multi-tower Two Bridges development on the Lower East Side/Chinatown waterfront, The City reports. The ruling states that the property's long-term leaseholder, Little Cherry LLC, which has 25 years left on their lease at the currently-vacant 235 Cherry Street, must have a say in how the property’s development rights are used. The developer plans to stack a 1,000-foot, 100-story waterfront apartment tower on top of and cantilevered over the Two Bridges Senior Apartments and one-story retail space–and they need the Cherry Street property's development rights to move forward.
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Judge halts Two Bridges development temporarily after hearing lawsuits

Rendering: Handel Architects.

June 6, 2019

Judge halts Two Bridges development temporarily after hearing lawsuits

State Supreme Court Judge Arthur Engoron has extended a temporary halt on the Two Bridges high-rise development after hearing testimony on several lawsuits aimed at the controversial project in the Lower East Side and Chinatown, Gothamist reports. As 6sqft previously reported, several groups of Lower East Side residents and other community organizations filed a lawsuit against the city to stop four skyscrapers from rising in the Lower Manhattan neighborhood. The lawsuits accuse the city of illegally approving the multi-billion dollar project, claiming the City Planning Commission bypassed City Council authority regarding the land-use review process and that one of the towers violates a 32-year-old deed restriction that ensures housing for low-income residents with disabilities and the elderly.
'An 800-pound gorilla'

Lower East Side residents sue city to stop development of Two Bridges ‘megatowers’

Rendering via Handel Architects

March 22, 2019

Lower East Side residents sue city to stop development of Two Bridges ‘megatowers’

A group of Lower East Side residents on Friday filed a lawsuit against New York City to stop three luxury developments planned for Two Bridges. The residents, who are being represented by the Lower East Side Organized Neighbors (LESON) and the Asian-American Legal Defense Fund, argue the new skyscrapers violate zoning rules meant to protect against out-of-scale development (h/t Bowery Boogie).
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Controversial Two Bridges towers get city approval despite community ambivalence

Rendering courtesy of Handel Architects.

December 6, 2018

Controversial Two Bridges towers get city approval despite community ambivalence

Update 12/7/18: The City Council and Manhattan Borough President Gale Brewer filed a suit in the Manhattan Supreme Court "claiming city planners usurped the Council’s authority over land-use issues in approving the project," reported The Real Deal. The City Planning Commission gave the green light Wednesday to a controversial application filed by four developers to build three new residential towers in the Lower East Side's Two Bridges development, which are expected to add 3,000 housing units between them, The Real Deal reports. 700 units will be affordable. The large-scale residential towers were approved in a 10-3 vote on Wednesday, after a lengthy, often acrimonious review process. The towers are comprised of JDS Development’s 1,000-unit rental tower at 247 Cherry Street, L+M Development and CIM Group’s 798-foot tower at 260 South Street; and Starrett Corporation’s 730-foot building at 259 Clinton Street.
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Developers of controversial Two Bridges towers pitch $55M in transit and open space improvements

Via Handel Architects

October 18, 2018

Developers of controversial Two Bridges towers pitch $55M in transit and open space improvements

During a City Planning Commission hearing on Wednesday, local residents and officials of the Two Bridges community voiced their strong opposition to four towers planned for the Lower Manhattan neighborhood. Those who testified against the buildings questioned the developer's draft environmental impact study (DEIS), which found the projects would not cause displacement, amNY reported. Developers also announced measures to mitigate the potential adverse effects on the neighborhood, which include upgrading the F train station at East Broadway, improving public parks, and implementing flood protection measures.
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New renderings and details for Perkins Eastman’s 730-foot tower at controversial Two Bridges site

259 Clinton Street via Perkins Eastman

June 25, 2018

New renderings and details for Perkins Eastman’s 730-foot tower at controversial Two Bridges site

Additional details and a new rendering have been unveiled this week for a 62-story Lower East Side skyscraper designed by Perkins Eastman Architects, nearly two years after 6sqft first wrote about the project. Located at 259 Clinton Street, the tower is a part of a controversial three-building project coming to the waterfront of the Two Bridges neighborhood. According to YIMBY, latest plans for 259 Clinton Street, developed by Starret Development, call for a 730-foot tower, slightly higher than an earlier 724-foot proposal.
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March 28, 2018

The final frontier of history and hip: Developments and amenities shaping the Lower East Side

By Michelle Sinclair Colman

For many New Yorkers, the Lower East Side is one neighborhood that still has a lot of authenticities and good 'ole New York grit left. It has been described as Manhattan’s "last frontier of cool. The promised land of old as well as new... Where the Godfather lives side by side with a hipster movie." Put more tangibly by Benjamin Baccash of Taconic Investment Partners, the developer of LES's Essex Crossing, "The Lower East Side has wonderful restaurants, art galleries, and great street life. It’s a real neighborhood and that’s what a lot of people are looking for." In addition to great diversity, personality, and transportation, the city is undertaking huge improvements on the east river waterfront, and developers are erecting new developments at all corners of the 'hood. Ahead, 6sqft takes a look at everything that's keeping the Lower East Side a vestige of old New York during its contemporary resurgence, from massive projects like Essex Crossing to a booming art gallery scene.
As Irving Berlin once said, “Everybody ought to have a Lower East Side in their life.”

Real Estate Trends

December 13, 2016

Renderings revealed for 724-foot Lower East Side tower, final piece of controversial site

The historically low-income, low-slung neighborhood of Two Bridges--the area along the East River, near the footings of the Manhattan and Brooklyn Bridges where the Lower East Side meets Chinatown--has become a high-rise hotbed over the past year. Despite the controversy that the four planned projects, all upwards of 700 feet, have caused, they're moving along fairly swiftly, and The Lo-Down now has the big reveal for the final site--Starrett Group's 259 Clinton Street. Perkins Eastman Architects have designed the 724-foot, 62-story glass tower, which will have ground-floor retail and 732 apartments, 25 percent of which will be permanently affordable with a good chunk being set aside for low-income seniors.
More details and renderings ahead

September 29, 2016

New renderings for JDS and SHoP’s 1,000-foot Lower East Side supertall

Last 6sqft checked on the rental building at 247 Cherry Street in the Two Bridges area of the Lower East Side, it was revealed that the tower would rise to 1,000 feet, not surprising considering it comes from the supertall power team of JDS Development and SHoP Architects. And now, after a Community Board 3 meeting earlier this week where JDS and SHoP addressed the controversial project, CityRealty.com brings a new set of renderings that show close-ups of the 77-story building's green terra cotta facade and sky decks.
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This Is What the Lower East Side Skyline Could Look Like, More Tall Towers Planned

L to R: One Manhattan Square, 247 Cherry Street, 260 South Street, and 271-283 South Street. The above image, created by CityRealty.com, depicts the possible massing of the new towers; No official design has been released

July 26, 2016

This Is What the Lower East Side Skyline Could Look Like, More Tall Towers Planned

The hotly contested Two Bridges neighborhood--the area along the East River, near the footings of the Manhattan and Brooklyn Bridges where the Lower East Side meets Chinatown--has been making headlines nearly every week, whether it be for a new supertall tower or local residents' opposition to what they feel is out-of-scale development for the mostly low-rise and low-income neighborhood. Just yesterday, The Lo-Down obtained information through a Freedom of Information Law (FOIL) request that reveals preliminary plans for two more residential projects that together "would add more than 2,100 residential units and 1.7 million square feet" to the area. A building at 271-283 South Street may rise 60 stories, while another at 260 South Street could reach 66 stories. To put into perspective just how much this planned and under-construction new development will alter the LES skyline, CityRealty.com has put together this Google Earth rendering of all the proposed towers.
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New Developments

June 29, 2016

JDS and SHoP’s Cherry Street Tower Will Be Taller Than Expected, May Reach 1,000 Feet

Back in April, the power team of JDS Development and SHoP Architects unveiled plans for a 900-foot, 77-story rental building at 247 Cherry Street in the Two Bridges area of the Lower East Side. This neighborhood has become controversial for a recent influx of sky-high development; 247 Cherry will rise directly next to Extell's 850-foot One Manhattan Square and not far from two 50-story towers at 265-275 Cherry Street. Its 900-foot height would've made it the tallest tower between Midtown and Downtown, but left it 100 feet shy of the supertall status JDS and SHoP are known for (the duo is responsible for the 1,438-foot-tall 111 West 57th Street and 9 DeKalb Avenue, Brooklyn’s first 1,000+ foot tower). However, Bowery Boogie reports today that the height may actually be at or above 1,000 feet, rising 80 stories.
More details ahead

May 30, 2016

Two Bridges Rental Offers Family-Sized Homes with East River Views for Under $5,000/Month

By Ondel Hylton

The Two Bridges waterfront is one of the last bastions of affordability in lower Manhattan, but lately it seems word is getting out about its scenic waterfront locale that overlooks the rejuvenated East River shoreline and turn-of-the-century suspension bridges. Recently, two of the city's top high-end builders, Extell and JDS Development have penned soaring towers for the down-to-earth corner of the Lower East Side. Adjacent to those developments, sits the rental building 275 South Street, which is currently undergoing a dramatic overhaul that will renovate its exterior, makeover many of its capacious apartments, and debut a brand-new package of amenities.
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Uncategorized

April 28, 2016

JDS and SHoP Architects Unveil Plan for 900-Foot Lower East Side Tower