1 Wall Street [Curbed]: One Wall Street’s conversion to residential is apparently imminent, as Harry Macklowe and other investors purchased the FiDi building for $585 million. Macklowe has not disclosed plans for the Ralph Walker-designed tower, but based on the developer’s history, the scheme is likely ambitious.
49 Dupont Street [The Real Deal]: Details are emerging on the transaction of the 10-parcel industrial building at 49 Dupont Street, in Greenpoint; city records show that the “total equity value of the site was $48.6 million”. After the site has been demolished and remediated, the owners will seek “to build affordable apartments and community facilities within mid-rise buildings”. The anonymous project manager stated that she would like to integrate Greenpoint’s high-rise waterfront development with “the smaller homes existing in the neighborhood.” The project will be built in three phases.
1 Vanderbilt [New York Post]: News has surfaced that TD Bank could anchor the proposed 65-story tower directly east of Grand Central Terminal, known as One Vanderbilt. The tower has been put on the back burner, as partisan politics temporarily halted Mayor Bloomberg’s plan to re-zone Midtown East. De Blasio’s plan for the rezoning has been jump-started, probably in an effort to allow specific projects — including One Vanderbilt — to proceed with construction.
337 East 62nd Street [The Real Deal]: A seven-story condo building has risen at 337 East 62nd Street on the Upper East Side. Although the Peter Poon-designed apartment building will feature unimpressive cladding, the street wall has been maintained and the site’s predecessor was under-utilized. The 22-unit building should be “ready for tenants before the end of the year.”
Arverne East [DNAinfo New York]: Plans have been unveiled for a long-vacant stretch of beach in Edgemere, west of Far Rockaway. The plan includes a “mix-use community with 1,199 residential units, [and] a 154,000 square-foot commercial space,” along with forestry and a nature reserve; but this will be built over 80 acres, which is rather low-density. L+M Development Partners, The Bluestone Organization and Triangle Equities will ultimately decide on the fate of Arverne East.
Domino Sugar Redevelopment [Curbed]: Major progress has been made at the former Domino Sugar Refinery site in Williamsburg. The Adant House and the Packaging House were completely removed this past month, with more demolition expected in the coming weeks. Recently, developer Two-Trees has been awarded approval for residential towers that may span 55 stories tall, “holding over 2,200 waterfront apartments.”
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