Real Estate Consulting

Lower East Side Market Study and Development Analysis

New York, New York

BFJ conducted a market study of Manhattan’s Lower East Side and evaluated development possibilities for a low-scale infill housing development on East 11th Street, and the Baruch Houses, a public housing campus south of Houston Street. The study focused on ways to connect the housing properties to the surrounding neighborhoods. Over the course of the six-month study, BFJ surveyed land uses in Community District 3, assessed both market-rate and affordable residential and commercial development trends, reviewed demographic shifts in the area and analyzed market and zoning potential for development.

BFJ’s land-use and income distribution recommendations for the housing properties included rehabilitation of existing units at the East 11th Street houses, and a new income mix to meet market-rate and affordable housing demands. For the Baruch Houses, BFJ recommended construction of both ownership and rental residential units based on existing New York City affordable housing prototypes, small-scale commercial development along the housing campus’s western perimeter to better serve the community and modifications to the existing road and parking systems to reconnect to the external street grid and allow increased on-street parking.

 
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Recommended site plan for Baruch Houses on the Lower East Side of Manhattan