Now You See ‘Em, Now You Don’t: 11th Street Homes Are History
The houses along 11th Street at the site of 470 4th Avenue have been demolished to make room for a 14-story brick and glass high-rise apartment building.
In January we learned that Adam America Real Estate, which is also developing the McDonald’s site on 4th Avenue and 1st Street, was in contract to purchase 470 4th Avenue for $20 million.
You can see a preview of what’s to come here in a rendering for the property, which was released in February, a month before demolition permits were issued. Slate Property Group’s Martin Nussbaum, who joins Adam America Real Estate Group and Naveh Shuster Limited in developing 470 4th Avenue, told DNAinfo that “the building will have about 105 apartments, all of which will be market-rate rentals.”
Looks like we won’t have too long to wait before the site grows — Nussbaum added that apartments in the building should be ready to rent within the next two years.
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