Angelo, Gordon & Co. is reportedly planning a 13-story condo development at 68 Charlton Street in Hudson Square, where Gary Barnett once intended to build a 35-story luxury hotel.
The investment firm paid Mr. Barnett’s Extell Development $52 million for the site in June and has filed plans with the Department of Building for the 79-unit condo building designed by architects Beyer Blinder Belle, Curbed reported, noting that Mr. Barnett put his 95-year leasehold on the site (set to expire in 2106) on the market for $45 million in June of 2011 after he defaulted on a $375 million loan at The Belnord.
The 185-foot building will total 115,296 square feet and it will feature a kids playroom, fitness room, swimming pool, and steam room in the basement, and a greenhouse on the ground floor, according to the publication.
Earlier this month the Hudson Square Connection Business Improvement District announced that the Hudson Square neighborhood is getting a $27 million makeover. Funding for the first phase of the plan includes $2 million from New York City Economic Development Corporation, $1.2 million from the City Council, a $3.2 million matching contribution from the Hudson Square Connection; and an additional $1.2 million from the Hudson Square Connection for the planting of 300 trees, for a grand $7.6 million.