Nelson Management paid $51.5 million for the four-building, rent-stabilized complex known as Lafayette Boynton in the Soundview section of the South Bronx in 2011, and they just spent another $17 million renovating its 972 apartments. Now the Forest Hills-based firm plans to build two more 13-story towers in the sprawling development next to Soundview Park.Read More
Big Brooklyn Rehab Inc. has filed applications for a six-story, 11-unit residential building at 231 East 123rd Street, in East Harlem, four blocks from the 125th Street stop on the 4, 5 and 6 trains. The building will measure 8,670 square feet, which means units will average 790 square feet — probably rentals. Woody Chen’s Infocus Design & Planning is the applicant of record, and the existing three-story, three-family townhouse must first be demolished.
Ritz Realty NY Corp. has filed applications for a six-story, 10-unit mixed-use building at 4016 7th Avenue, in northern Sunset Park, three blocks from the D train’s 9th Avenue stop. The building will total 9,330 square feet, and will include 1,140 square feet of community facility space on the ground and cellar levels. Beginning on the second floor, residential units will average 820 square feet. Jung Wor Chin is the architect of record, and the existing two-story, two-unit townhouse must first be demolished.
Property owner Andy Ho, operating under an anonymous LLC, has filed applications for a three-story, four-unit mixed-use building at the vacant lot of 150-30 12th Avenue, in northern Whitestone. The building will measure a total 8,490 square feet, which includes 4,100 square feet of retail/office space on the ground and cellar levels, and an 1,225 square-foot school on the second level. The four residential units will average 792 square feet, and Angelo Ng + Anthony Ng Architects Studio is the applicant of record.
An anonymous LLC’s four-story townhouse at 112 Bowery, in Chinatown, is now receiving a small expansion to 7,300 square feet, according to Bowery Boogie. The building is being converted into an entirely commercial property, with retail space on the ground floor and office/storage space on the upper levels. Zhu Heng Zheng’s Interamericana Engineering is the applicant of record, and completion is likely by 2016.
Last year, YIMBY reported on filings for a 48-unit mixed-use development — broken up into eight small buildings — at 32-35 Linden Place, in downtown Flushing, but now the developers, Latimer & Linden Management Corp., have filed for a single structure. A seven-story, 49-unit building is now planned, and 11,187 square feet of heath care facilities will take up the ground and second floors. The residential units, averaging 672 square feet each, will take up floors three through seven. Peter Casini is the new architect of record. The site’s single-story predecessor was demolished in 2008.
In March, YIMBY revealed renderings of the four-building, 223-unit condominium redevelopment of Cabrini Medical Center, in Gramercy. Now, developers Chetrit Group and Clipper Equity have closed on a $345.5 million loan for the project, according to Commercial Observer. Dubbed Gramercy Square, three medical buildings will be converted, and a fourth building will be constructed ground-up. Also planned is a 25,000 square-foot court yard, designed by M. Paul Friedberg and Partners; Woods Bagot is the project’s design architect. Completion is expected in 2016.
The current round of the 57th Street boom is making rapid progress, and construction work at 220 Central Park South in particular is moving quickly. Despite all the momentum, slight uncertainty has surrounded the building’s final design, but YIMBY now has a fresh rendering confirming the skyscraper’s ultimate appearance.
The development boom is kicking into high gear in Downtown Brooklyn, between the nearly complete Ava DoBro at 100 Willoughby Street, the two topped out residential towers at City Point, and Two Trees’ 36-story BAM South Tower. Today we have an update on 333 Schermerhorn Street, aka The Hub, thanks to YIMBY reader and prolific photographer Tectonic.
As the clock ticks down to the start of the city’s East New York rezoning process in the fall, YIMBY has noticed an uptick in market-rate filings on the soon-to-be-valuable real estate around Broadway Junction. And now plans are in the works for three small apartment buildings at 62-68 Somers Street, just beyond the western patch of Ocean Hill that’s about to be rezoned.