A Spring Street development tests the market rebound in SoHo

After many dismal months, owners of rental buildings are reporting optimism as demand picks up and apartments fill again.

Testing the market’s recovery, in a way, is 68–70 Spring St., a new 11-unit apartment building in SoHo expected to open this month with rents ranging from $7,000 to $12,000 per month.

The developer, the Zaccaro family, a longtime local landlord, did not choose this moment to come online. No. 68–70 has been in the works for four years—as opposed to the more typical year and a half—after facing lawsuits from neighbors, polluted soil and mounting debt from the Covid-19 pandemic.

“It has been a very difficult process,”

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