Family's last landmark slated for luxury condos.When Jacob Rosenthal was a young immigrant living on Manhattan's Lower East Side, he dreamed of owning a piece of the neighborhood. Before he died, he managed to accumulate a fortune in real estate, including one treasured tenement A comprehensive legal term for any type of property of a permanent nature—including land, houses, and other buildings as well as rights attaching thereto, such as the right to collect rent. building at 108 Delancey St. More longer than 50 years later, his grandson Grandson (gräNsôN`), Ger. Grandsee, town (1990 pop. 2,473), Vaud canton, W Switzerland, at the southwestern end of the Lake of Neuchâtel. is tearing tear·ing n. Epiphora. down much of the old building to create new luxury condos. "It's coming full circle," says the developer, Asher Lipman, president of Acacia acacia (əkā`shə), any plant of the large leguminous genus Acacia, often thorny shrubs and trees of the family Leguminosae (pulse family). Development. "My grandfather owned this building when it was part of a vibrant Jewish neighborhood. The area is no longer especially Jewish, but it is again one of the most exciting places in New York These lists of current cities, towns, unincorporated communities, counties, and other recognized places in the U.S. state of New York. They also include information on the number and names of counties in which the places lie and their lower and upper zip code bounds, if applicable. and we're providing new homes for the people who want to live there." 108 Delancey St. is the last of the buildings that had been purchased by Jacob Rosenthal in Manhattan that his family still owns. While the residential units will be sold as condos, Acacia Development will retain ownership of the ground floor retail. Designed by Meltzer/Mandl Architects, the new 108 Delancey St. will technically be a renovation, though much of the original building will be replaced. The design will feature a seven story glass and steel building. The property will contain five two-bedroom units and a duples penthouse penthouse Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof. . "We designed something that would be contemporary, but also do justice to the significance of the rich culture of the Lower East Side," said Marvin H. Meltzer, vice president of Meltzer/Mandl. |
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