75 Market Street [Wall Street Journal]: RBH Group appears to be moving forward with their Richard Meier-designed “Four Corners Millennium Project” — derived from SoMa Newark — to be located in Downtown Newark. According to preliminary renderings, a main structure located at 75 Market Street “is expected to have 705 residential units, a hotel, retail and office space.”
7 West 24th Street [The Real Deal]: Geragos & Geragos has purchased the five-story, 9,282 square-foot tenement building at 7 West 24th Street, in the Flatiron District, for $9.5 million. The lot comes with “nearly 24,000 square feet” of development potential, and the new owner “intends to develop it to its full potential for residential purposes.”
55 Hudson Yards [New York Daily]: A Japanese firm led by Mitsui Fudosan “has paid $258.78 million for a 92.09% stake” in the planned “1.3 million-square-foot, 50-story” office building dubbed 55 Hudson Yards, on the Far West Side. Related Companies is developing the tower, which “is slated to start [construction] in the spring,” and completion is expected in 2017.
511 West 18th Street [The Real Deal]: Related Companies has closed on the development site spanning 511-525 West 18th Street — which also includes 131 10th Avenue, in West Chelsea — for $205 million. Related has plans for a 250-foot-tall residential building, and the existing two-story warehouse must first be demolished.
447 Decatur Street [Curbed]: Brookland Capital has posted renderings of their planned four-story, six-unit residential building to rise at 447 Decatur Street, in Bedford-Stuyvesant. Arc Architecture + Design Studio is behind the design, and “completion is anticipated in July of 2016.”
319 West 38th Street [Commercial Observer]: LeTap Group has acquired the four-story tenement buildings spanning 319-321 West 38th Street, in the Garment District, “for $23.5 million,” and “is likely to erect a hotel.” The development site has “54,504 mixed-use buildable square feet.”
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