88 Leonard Street, located on the southeast corner of the intersection where Leonard meets Broadway, underwent some major residential development. Formerly a parking lot, the site now features anew 21-story tower building comprised of 352 rental units ranging from studios to three-bedroom apartments. The project, which cost an estimated $120 million to complete, received $112.5 million in Liberty Bond financing. In accordance with Liberty Bond eligibility, five percent of the building’s units meet affordable housing requirements. The building was completed in March 2007.
The 387,000-square-foot property offers 7,200 square feet of retail space, 4,200 square feet for a community facility space, and two levels of below-ground parking with approximately 200 parking spaces. Building amenities include a health club, pool, tenant’s lounge, garden rooftop, landscaped terrace in the back area, and bike storage.
The developer, Leviev Boymelgreen, signed a 99-year lease on the property, which is owned by an affiliate of Edison Parking. Architect Costas Kondylis was hired to design the building.
Leviev Boymelgreen also constructed a residential project -- to combine a new building and a warehouse conversion -- at 256 West Street. In addition, the developer converted an office building at 15 Broad Street and the adjacent landmark building at 23 Wall Street into a residential building. Leviev Boymelgreen also completed the conversion of the East River Savings Bank at 60 Spring Street at the corner of Lafayette Street into luxury condos and had developed numerous additional projects in Brooklyn.
Home | Search | Protecting the Environment | Get Email Updates | Media Center | Information Library | Contact Us | Navigating This Site
