Stephane Boivin, head of Nordica development, a Canadian developer planning a seven-story, mixed-use property at in Soho, has purchased a 2,560-square-foot townhouse at an adjacent site at 186 Spring Street. The seller was Beastie Boy rapper Adam Horovitz, better known asÂ King Ad-Rock, according to public records filed with the city today.
Boivin, who toldÂ The Real DealÂ he was buying the property for his own â€œpersonal use,â€ purchased the three-story townhouse for $5.5 million, records show. The deal closed March 13. It was not immediately clear if a broker was involved in the deal.
Horovitz, whoâ€™s married to musician and feminist activist Kathleen Hanna, bought the home, between Thompson and Sullivan streets, for $2.3 million in 2000, public Â records show. It features eight rooms with 12-foot ceilings and several fireplaces, according to previous reports. The retail component of the building on the lowest floor is currently occupied by Chelsea Girl Couture, a vintage fashion label.
Horovitz joined the Beastie Boys in 1982 at age 16. It was announced today that the band will be inducted into the Rock and Roll Hall of Fame next April in Cleveland.
At 182 Spring Street, Nordica which bought the site for $10.1 million last April, is planning a development featuring five tiered floors of condominiums, two floors of retail and an ambulatory care facility, previous reports said.
Itâ€™s not known if plans for the building, designed byÂ Currimbhoy & Co. and Gruzen Samton Architects, had been approved.
Horovitz was not immediately available for comment. Boivin was unavailable to comment further on the deal.
Source: The Real Deal