NEW YORK CITY — The Dermot Company is planning to develop a new mixed-use property at 101 Avenue D on Manhattan's Lower East Side. The project will feature 78 mixed-income residences. Approximately half of the units will be set aside for low- and moderate-income residents. Amenities will include a fitness center, a rooftop deck and bike storage. The 12-story building will also house the new 30,000-square-foot headquarters for the Lower East Side Girls Club. Finally, the building will contain 4,700 square feet of retail space. The project is applying for LEED-Gold certification. Completion is slated for June 2012. Dermot's joint venture equity partner in the project is Grosvenor Investment Management. The general contractor is D7 Construction. Additional development partners include the New York City Department of Housing Preservation and Development and the NYC Housing Development Corp.
The Dermot Company is developing a new mixed-use property at 101 Avenue D on Manhattan's Lower East Side.
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