3 East 3rd Street (Barrett Design)
Over in the East Village, just off the increasingly-affluent Bowery, a small batch of condos at 3 East 3rd Street is taking shape (a box). Indifferent to the worn brick walk-ups and fire escapes decorating the block, the project chooses to channel its sleek modern neighbors beside it at 347 Bowery and 52E4 (Moby and John Legend's old digs).
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Recently topped out at just six floors high, the concrete frame will be wrapped in a clean metal and glass skin. Conceived by Barrett Design, the building will house just five full-floor condos that average more than 2,000 square feet in size. An approved offering plan anticipates a total sellout of $31.4 million for the homes plus a ground/cellar floor retail space. Directly next door, at recently-finished 347 Bowery, five condos were listed for an average price/ft² near $3,000. So far, only two of the Annabelle Selldorf-designed spreads have closed at an average price/ft² of $3,263.
3 East 3rd Street's 40-foot-wide site replaces the Salvation Army's former East Village Residence, which Barrett picked up for $11.5 million in 2016. Project delivery is pegged for spring 2019 and sales are likely to begin in the coming months.
Rendering showing the ground floor (Barrett Design)
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