YIMBY Today: Newark’s Four Corners Millennium Project Moving Forward, More

Four Corners Millennium ProjectFour Corners Millennium Project, rendering via RBH Group

75 Market Street [Wall Street Journal]: RBH Group appears to be moving forward with their Richard Meier-designed “Four Corners Millennium Project” — derived from SoMa Newark — to be located in Downtown Newark. According to preliminary renderings, a main structure located at 75 Market Street “is expected to have 705 residential units, a hotel, retail and office space.”

7 West 24th Street [The Real Deal]: Geragos & Geragos has purchased the five-story, 9,282 square-foot tenement building at 7 West 24th Street, in the Flatiron District, for $9.5 million. The lot comes with “nearly 24,000 square feet” of development potential, and the new owner “intends to develop it to its full potential for residential purposes.”

55 Hudson Yards

55 Hudson Yards, image by Related/Oxford and Visualhouse

55 Hudson Yards [New York Daily]: A Japanese firm led by Mitsui Fudosan “has paid $258.78 million for a 92.09% stake” in the planned “1.3 million-square-foot, 50-story” office building dubbed 55 Hudson Yards, on the Far West Side. Related Companies is developing the tower, which “is slated to start [construction] in the spring,” and completion is expected in 2017.

511 West 18th Street [The Real Deal]: Related Companies has closed on the development site spanning 511-525 West 18th Street — which also includes 131 10th Avenue, in West Chelsea — for $205 million. Related has plans for a 250-foot-tall residential building, and the existing two-story warehouse must first be demolished.

447 Decatur Street

447 Decatur Street, image via Curbed

447 Decatur Street [Curbed]: Brookland Capital has posted renderings of their planned four-story, six-unit residential building to rise at 447 Decatur Street, in Bedford-Stuyvesant. Arc Architecture + Design Studio is behind the design, and “completion is anticipated in July of 2016.”

319 West 38th Street [Commercial Observer]: LeTap Group has acquired the four-story tenement buildings spanning 319-321 West 38th Street, in the Garment District, “for $23.5 million,” and “is likely to erect a hotel.” The development site has “54,504 mixed-use buildable square feet.”

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