In a deal that slipped completely unnoticed past local watchdog groups and Community Board 4, a group of investors led by architect Gregg Pasquarelli has purchased the 30,000-sf industrial property on the southeast corner of Ninth Avenue and 15th Street. In addition to acquiring the warehouse from seller David Weinstock, the group, called Jeffery M. Brown Associates, also purchased the air rights to five adjacent properties and plans to stack them in order to increase the allowable height of the building at 62-66 Ninth Ave.

Aspen Capital senior managing director Angelo Spateri, along with brokers Miriam Trink and Jack Reiss represented the building's buyer and seller as well as the undisclosed sellers of the air development rights. Spateri will not disclose the purchase price of the building or the air rights. He notes, however, that Pasquarelli, who is designing the project, plans "a substantial number of additional floors." The price tag on the redevelopment is "quite large, in excess of $10 million," Spateri tells GlobeSt.com.

Spateri says on-site development at the property has already begun and that the project is expected to be complete in about eight months, however, community board sources say that no current building permits--excepting those allowing for signage--have been issued for the project.

By moving quickly, the development may be able to avoid the scrutiny it would attract as part of the Gansevoort Market Historic District. 62-66 Ninth Ave. falls within the boundaries of the proposed historic district, which is currently under review by the city's Landmarks Preservation Commission. If the designation were approved, any building alterations within the Gansevoort district would have to meet a strict set of city-enforced design guidelines in order to move forward.

Local activists would like to hear more about the plan, but because it appears to be an "as of right" development, they are aware that appealing to Pasquarelli as a responsible neighbor may be their only hope of finding out exactly what the architect/developer has in mind.

Thomas G. Lunke, co-chairman of the 14th Street Special Commission and a member of Community Board 4, has multiple concerns about the project, starting with the developers' stealth approach to neighborhood relations. "I don't expect them to formally alert me, but as a good community member I would ask that they make a presentation to my committee because we've been involved in zoning and land use issues for many years."

Lunke says that the proposed usage of the building--luxury condominium apartments--concerns him more than the additional height. "Right now, all four corners of that intersection are occupied by industrial buildings," he tells GlobeSt.com. "Three of those, excluding this site, still have industrial or commercial uses. This would be the first site in the intersection that would not have commercial or industrial uses as a majority of its building occupancy. With that being said, how is this luxury apartment building, with presumably million-dollar apartments, and people filling them who have specific ideas of how they want to see the neighborhood evolve, how does that impact the existing business in the area?"

The additional height, however, may not be a major issue if it is properly dispersed, Lunke says. "It depends on how the addition is structured," he states. "It may not be too bad if it provides a transition between the taller Port Authority building to the north and the low-rise meatpacking district to the south."

Of greater concern, Lunke notes, is the exterior design of the project. "I'm concerned about the façade treatment of the addition and how it relates to the existing masonry buildings in the area. If it's a substantially modern addition then I would like to know how it reflects or detracts from the existing masonry and brick buildings. There can be modern additions that are attractive but there are also those that detract from the historical character of the neighborhood."

Aspen Capital's Spateri says Pasquarelli's design is sure to be "very avant-garde," and the architect's recent projects certainly support that claim. His firm, SHoP/Sharples Holden Pasquarelli, is known for the striking, futuristic designs of such projects as the Museum of Sex, 235 Fifth Ave; V-Mall in Flushing, Queens; The New Church of Greater New York in Roslyn, NY; and Greenport water park in Greenport, NY.

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