SL Green Gets OK to Build Atop Soho Structure
SL Green Realty Corp. received approval last week from the City Planning Commission to add two additional floors to the mixed-use building at 102 Greene Street in Soho. Under the approved plans, the developer would add residential space to the three-story building. The plans also call for a change in the designation for parts of the existing floors from Joint Living Work Quarters for Artists to residential.
The City Council has 20 days to act on the plan after it receives the planning commission’s report. Should the council take no action in that time, the commission’s action is final, according to a spokesperson for the planning commission.
SL Green acquired the property in October 2014 for $32.2 million, according to public records. Its previous owner, BLDG Management, bought the property in 2012 for $11.9 million, as The Real Deal previously reported, which described the second and third floors as floor-through apartments.
Designer shoe store Galeria Melissa currently has a location on the ground floor of the building.
The lot is 2,500 square feet, according to Property Shark.
SL Green declined to comment.