YIMBY Today: Seven-Star Hotel Coming to 31 West 57th Street, More
31 West 57th Street [Wall Street Journal]: Vornado’s Steven Roth, the developer behind 29-33 West 57th Street, in Midtown, has partially revealed plans for the site, which will have “a seven-star hotel”.
386 Flatbush Avenue Extension [New York Times]: Redevelopment plans for the site of 386 Flatbush Avenue Extension — a two-story commercial building in Downtown Brooklyn — have been called off, as the owners recently turned down all-cash offers of $45 million; the site’s air rights could still possibly be transferred to JDS Development’s assemblage to the north, spanning 340-366 Flatbush Avenue.
27 Christopher Street [New York Daily News]: A developer has purchased the four-story building — at 27 Christopher Street, in Greenwich Village — for $45 million, and planned include converting the existing 14,540 square-foot structure “into a single-family mansion.”
120 Union Avenue [The Real Deal]: Adam America has purchased the two-story through-block warehouse building — at 120 Union Avenue, in Broadway Triangle — for $15.5 million; plans include constructing a 100-unit mixed-use building of 75,000 square feet, construction starting “early next year.”
256 West 125th Street [Commercial Observer]: Ariel Property Advisors have invested in a “ground lease development opportunity” at the two-story structure spanning 256-258 West 125th Street and 243-249 West 124th, in Harlem; nearly 109,000 square feet of buildable space exists above the existing building, with inclusionary housing.
435 West 19th Street [The Real Deal]: Six Sigma has closed on the five-story building at 435 West 19th Street, in Chelsea, for $21 million, and the developer “plans to add five floors to [the] existing office building,” or constructing nine condos split between a total of 30,000 square feet; $29 million in financing has already been secured, and ground breaking is set “within a month.”
401 East 8th Street [EV Grieve]: Steel is currently up to the sixth floor of a planned nine-story and 33-unit residential building spanning 397-501 East 8th Street, in East Village; façade installation is imminent.
55 Wythe Avenue [Commercial Observer]: Riverside Developers are now constructing their 320,000 square-foot hotel building — which will hold 183 rooms and 20,000 square feet of retail space — at 55 Wythe Avenue, in northern Williamsburg; foundation for the building has been poured to street level, and the project is expected to be complete by early 2016.
89 First Avenue [EV Grieve]: The property owner apparently has aspirations to construct a seven-story residential building at the vacant lot of 89 First Avenue, in East Village; crews have been clearing debris and vegetation from the site recently, but no files have been submitted yet to the DoB.
175 North 9th Street [Brownstoner]: On-site renderings have been posted at 175-177 North 9th Street — in Williamsburg — that depict a 20-something-story residential building atop the currently existing two-story structure; permits for such structure have yet to be filed, and the art gallery Pierogi currently owns the site.
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