Opal Holdings is on contract to acquire, for $31.6 million, the development assemblage at 182 Spring Street, located on the corner of Thompson Street in SoHo. The developer plans to build a seven-story, 37,278-square-foot mixed-use project. The new building would include retail space and an undisclosed number of condominium units.
The assemblage includes the two-story commercial building at 182 Spring Street and the four-story townhouse at 188 Spring Street, The Real Deal reported. Demolition permits were filed for 182 Spring Street in 2012, although none are on file for 188 Spring Street.
The properties are located within the Sullivan-Thompson Historic District, which means the Landmarks Preservation Commission must approve the demolition of the existing buildings, as well as the design of the new one.