The seven-story, seven-unit development will offer two-bedrooms to five-bedrooms. Residences will include high ceilings, big windows and Smart Home systems, while most of the units will feature private outdoor space. There will also be a part-time doorman/concierge.
Pricing ranges from $2 million to over $7 million, according to the teaser site.
Originally built in 1867, the cast-iron loft building was damaged in a fire in 1937, and its top three floors had to be removed. Developer Murat Bugdaycay, who also owns the neighboring 54 Lispenard Street, initially wanted to demolish 52 Lispenard to make way for a new structure, Curbed reported. After the Landmarks Preservation Commission rejected that plan, Bugdaycay came back with a proposal for a three-story vertical extension to the historic building and got the green light in April 2012.
Under the approved design, 52 Lispenard gets a framework of welded heavy gauge steel over a modern (but not too modern) stucco facade and set-back windows framed by metal panels, while 54 Lispenard will be fully restored. Both 52 and 54 Lispenard will receive brand-new storefronts, ramps and stairs.
The Corcoran Group is marketing the property. Occupancy is slated for 2014.