YIMBY Today: The Lightstone Group Lands Funding for 700-Unit Gowanus Project, More

363-365 Bond Street363-365 Bond Street, rendering via Lightstone Group

363-365 Bond Street [Commercial Observer]: Phase one of The Lightstone Group’s 12-story and 700-unit development spanning two blocks at 363-365 Bond Street, in Gowanus, has landed $120 million in construction loans. Foundation work for phase one has already commenced, and demolition is proceeding on the site of phase two.

23-10 Queens Plaza South, rendering by SLCE Architects

23-10 Queens Plaza South, rendering by SLCE Architects

23-10 Queens Plaza South [Wall Street Journal]: Previously revealed in January, new renderings have been released for Property Market Group’s  44-story and 391-unit residential tower, currently rising above street level at 23-10 Queens Plaza South in Long Island City. The developers have received loans that “equal to about 90% of the cost” of purchasing the land and building the tower, which is slated for completion in Winter 2015.

11-22 45th Road [Commercial Observer]: GDC Properties have planned “a townhouse development” at their recently acquired development sites of 11-22 45th Road and 45-35 11th Street, in Long Island City. The project is “to be completed in 18 months,” although it’s “too early to discuss specific design plans.” A single-story warehouse spanning 11-12 – 11-24 45th Road was recently approved for demolition.

45 East 22nd Street, rendering by Kohn Pedersen Fox Associates

45 East 22nd Street, rendering by Kohn Pedersen Fox Associates

45 East 22nd Street [New York Post]: New renderings have been released of the interior and exterior of Ian Bruce Eichner’s 45 East Twenty Second, in the Flatiron District. The developer recently acquired funding for the 64-story and 83-unit luxury tower, with scheduled completion in 2016. KPF is the design architect, while Martin Brudnizki Design is heading interiors.

296 5th Avenue [The Real Deal]: Empire Hotel Group intends to demolish the five-story walk-ups spanning 294-296 5th Avenue — in NoMad — to construct a 20-story mixed-use building of 52,000 square feet, containing 130 rooms and 12 residential units. The developer will go to court with a retail tenant next month before demolition begins, and Rawlings Architects is designing.

Latest design for 329 Pleasant Avenue, rendering by Karim Rashid

Latest design for 329 Pleasant Avenue, rendering by Karim Rashid

329 Pleasant Avenue [DNAinfo New York]: Excavation has kicked-off at 329 Pleasant Avenue, in East Harlem, where HAP Investment Developers is constructing an eight-story and 20-unit residential building. Work has recently halted, but the project is likely to be delivered in 2015, and Karim Rashid is designing.

142 Bowery [Bowery Boogie]: A “local developer” whom “specializes in luxury rentals” has purchased a slew of dilapidated low-rise structures spanning 134-142 Bowery — in Little Italy — for a total of $45.25 million; while the site’s new owner has yet to be revealed, development potential amounts to 75,000 square feet.

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