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Demolition permits filed for northeast corner of 3rd Avenue and St. Mark's Place


[EVG file photo]

Permits were filed today to demolish the existing low-rise buildings at 3 St. Mark’s Place, 23 and 25-27 Third Avenue presumably to make way for the seven-story, 66,000-square-foot office building with ground-floor retail slated for this corner.

As reported back in November, plans are in the works to redevelop this three-building assemblage … from the former McDonald’s to the corner.

REEC picked up the 99-year leasehold for the addresses for a little more than $150 million, per The Real Deal.

McDonald’s and Papaya King have already closed. The Continental said in January that their last day is July 1. There haven’t been any closing dates announced yet for Korilla BBQ, E Smoke Shop and the smaller shops that line St. Mark’s Place.

So far there aren’t any new building permits filed for the property, owned by the Gabay family.

Previously on EV Grieve:
The Shake Shack effect? McDonald’s on 3rd Avenue at St. Mark’s Place has closed after 20 years

Report: Northeast corner of St. Mark’s Place and 3rd Ave. fetching $50 million for development site

Report: NE corner of St. Mark’s Place and 3rd Avenue will yield to a 7-story office building

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