Modular Apartments to Replace NYC Tenements

East_side_NYC_tenements_will_be_replaced__wikipedia_and_jpupdates__creditMHProNews has learned from jpupdates that two historic tenement buildings on New York City’s Lower East side will be demolished and replaced with a modular apartment building.

Located at 201 and 203 Broadway, the buildings were home to the United Hebrew Community (UHC) of New York, which was founded in 1901 by prominent banker and community leader Alter Benzion Shapiro.

The society’s goal was to provide a free synagogue and proper burial for those who were too old or sick or did not have sufficient resources. During the influenza epidemic in the early 1900’s, UHC interred almost 100 people daily. The UHC maintains a synagogue and offices in other nearby buildings.

Developer David Wise plans to replace the four-story buildings with a single seven-story modular building comprised of ten residential units with medical and retail offices on the ground floor. EB Development III, LLC purchased the two buildings last year for $8.5 million from UHC.

The project joins several other modular apartment buildings in NYC, including the massive fits-and-starts 32-story modular apartment complex in Brooklyn spearheaded by Forest Ratner, as MHProNews posted Sept. 7, 2015.  ##

(Photo credit: jpupdates/wikipedia–201 & 203 Broadway)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

 

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top