535 4th Avenue [Commercial Observer]: Slate Property Group, partnered with Adam America and AEW Capital, has released renderings of their 11-story, 148-unit mixed-use building of 130,000 square feet planned for 535 4th Avenue, in Park Slope. Commercial space will span 12,500 square feet, and Aufgang Architects is designing.
551 Waverly Avenue [Crain’s New York]: A two-story building — located at 551 Waverly Avenue, in Clinton Hill — has been purchased by Madison Realty Capital for $23.5 million. The property is a prime development site, although the scope of building potential is unknown, and the current structure could be demolished to make way for a residential project.
606 West 57th Street [Commercial Observer]: TF Cornerstone has received a $384 million loan for their 42-story, 1,028-unit mixed-use, 1.2 million square-foot development project spanning 602-606 West 57th Street, on the Far West Side. Demolition of the existing low-rise structures “is set to commence before the year’s end,” and groundbreaking is expected in early 2015 for a Spring 2017 completion.
86-01 23rd Avenue [Vaughn College]: A “massive $41 million expansion and renovation” of the Vaughn College of Aeronautics and Technology — located at 86-01 23rd Avenue, in East Elmhurst — has recently been unveiled. The facility contains the latest in research and education technology, and Ensign Engineering, Stalco Construction, and John Ciardullo Associates are behind the improvements.
1800 Park Avenue [Harlem+Bespoke]: Excavation has begun at 1800 Park Avenue, in Harlem — the site of a 32-story, 682-unit mixed-use project of 696,900 square feet being developed by The Continuum Company. Completion can likely be expected in 2016.
44-41 Purves Street [The Court Square Blog]: Rabsky Group made significant progress on their 25-story, 284-unit residential building of 207,595 square feet spanning 44-35 – 44-51 Purves Street, in Long Island City. The façade is being prepared for installation, and on-site signage notes an anticipated completion in Winter 2017, but at this rate, expect an earlier delivery date.
429 Kent Avenue [Brownstoner]: The Oosten — being built XIN Development Group at 421-429 Kent Avenue, in Williamsburg — has risen to the third floor. The 492,000 square-foot project will eventually rise seven stories and contain 213 residential units, and will include an inner courtyard.