MacQuesten Development and NYS Homes and Community Renewal have announced an 11-story, 80-unit rental building at the vacant lot of 130 Mount Vernon Avenue, in Mount Vernon, per Real Estate Weekly. Dubbed The Modern, the $31.5 million project will include 9,400 square feet of retail space. The building is scheduled to open in the Fall of 2016.
DNAinfo reports BFC Partners have broken ground this week on Empire Outlets, a 100-store mall at 35 Richmond Terrace, in St. George. The development will also include an 11-story, 190-unit mixed-use hotel and residential building, and the entire project will total 443,000 square feet. DNAinfo also broke news of the mall’s most recently signed tenants; Applebee’s, Gap, and White House Black Market will together take 100,000 square feet, joining H&M and Nordstrom Rack.
As the city rolls out its latest plan to revitalize Jamaica, Queens, new building applications have been filed for a four-story commercial and community facility building at 167-14 Hillside Avenue, in the heart of downtown Jamaica.
EV Grieve has noticed Vinbaytel Property Development’s seven-story, seven-condo-unit mixed-use building is wrapping up construction at 67 Avenue C, in the East Village. The façade has been installed, and the building will also includes a commercial unit for a retail tenant. Opening is scheduled for this summer.
Investor Benzion Kohn has acquired the six-story, 182-rental-unit mixed-use building at 975 Walton Avenue, in The Concourse, for $31 million, per The Real Deal. The previous owners bought the 279,000 square-foot building for about $11.3 million in 2010; commercial space in the structure totals 1,000 square feet.
Per The Real Deal, the Salvation Army has sold the development site spanning 176-180 Bedford Avenue, in northern Williamsburg, to Thor Equities for $36.1 million, which equates to $2,500 per square-foot. The site boasts 14,400 square feet of building potential, and undisclosed construction plans will almost surely include a large retail component.
Plans were filed yesterday to build a seven-story, 38-unit apartment building at 1930 Bedford Avenue between Fenimore and Hawthorne Streets in Prospect Lefferts Gardens.
Last fall, Chinese developer Cheerland Investments paid a whopping $129 million for the United Charities office building at 287 Park Avenue South, a nine-story Renaissance Revival structure built in 1892. An insider told the Wall Street Journal that it would be converted to condos, and earlier this week, permits were filed for a residential conversion that would add nine stories to the top.
212 Fifth Avenue will see new life as a residential building. On Tuesday, the Landmarks Preservation Commission approved changes to the structure, which was originally constructed as an office building in 1913. The redevelopment of the building is being done by Building & Land Technology, Madison Equities and Thor Equities.
Revealed by YIMBY last October, Red Apple Group has succeeded in securing $155 million in loan for the 32-story, 440-unit mixed-use building planned for 86 Fleet Place, in Downtown Brooklyn, per The Real Deal. The 395,000 square-foot tower will include 10,000 square feet of retail space, and ground breaking is likely now imminent.
The Bed Stuy Blog has noticed that excavation is well underway at 1320-1328 Fulton Street, on the southern edge of Bedford-Stuyvesant, where a 10-story, 57-unit mixed-use building is being prepared. Fulton Street South Redevelopment Company broke ground late last year, and completion is expected in February 2016, per on-site signage.
Today, Landmarks approved the design for a new eight-story residential building with ground floor retail at 146-150 Wooster Street in SoHo.
Construction permits have revealed plans for LGS Partners’ eight-story, 12-unit mixed-use building measuring 12,830 square feet at the vacant lot of 44 East 132nd Street, in northern East Harlem. It will include a community facility spanning 2,280 square feet. C3D Architecture is the architect of record, and initial permits were filed over the summer of 2014.
After protesters surrounded the unfinished tower at 626 Flatbush last week to rally against the 421-a tax abatement, we stopped by to check out the construction progress on Prospect-Lefferts Gardens’ new tallest building.
The Real Deal has learned that two developers have acquired the the three-story property assemblage spanning 21-03 – 21-09 Astoria Boulevard, on the western side of Astoria, for $7.5 million. The site boasts 49,000 square feet of building potential, and the new owners plan to develop at least a seven-story, 60-condo-unit mixed-use building with retail space.
The Court Square Blog reports the 10-story, 40-unit mixed-use development at 42-60 Crescent Street, in Long Island City, has topped out, “and crews have begun façade work.” The building’s retail space will total 2,309 square feet, and completion is expected by the end of this year.
Arker Companies has plans to expand a six-story, 13,300 square-foot commercial building at 211 West 28th Street, in Chelsea, “into a roughly 24,600 square-foot affordable housing building,” The Real Deal reports.
Some big changes are coming to a TriBeCa building, thanks to approval from the Landmarks Preservation Commission. On Tuesday, the LPC approved a proposal to modify the five-story building at 71-73 Franklin Street, just off Broadway. The building dates back to 1861 and will be converted from its original form – an Italianate/Second Empire loft building – to residential use. There will be six units, plus ground floor retail.
Construction is booming in Long Island City, but it’s pretty unusual to find a new building with apartments and manufacturing space, like the one planned for 40-05 Crescent Street. Permits were filed back in September and approved last month for the five-story, 36,433-square-foot building.