We later found that the site, named 85 Bluxome Street, is currently undergoing significant redevelopment. Previously home to a 115 year old structure that had been demolished, project sponsors Cyrus Sanandaji and Bluxome Partners plan to develop a commercial building entitled to contain 55,000 sq. feet of office space. The sun will still shine unobstructed on Bluxome Street, as the building sits on a 65 foot height limited parcel and is expected to rise a humble five stories.
Having broken ground last December, BCCI Builders was expected to take only a year to finish the project and complete sometime late this year. Based on current progress, however, we think construction should wrap up by early 2016.