YIMBY Today: Essex Capital Begins Construction on 16-14 Madison Street in Ridgewood, More

16-14 Madison Street16-14 Madison Street, rendering via Essex Capital

16-14 Madison Street [Crain’s Business]: Essex Capital “has begun construction” of their eight-story, 90-unit residential building to span 16-14 – 16-26 Madison Street, in Ridgewood. KSQ Architects is designing, and completion is expected in Summer of 2016.

187 Lenox Avenue

187 Lenox Avenue, rendering by Desbrisay & Smith Architects

187 Lenox Avenue [Daily News]: Weissman Equities is planning a $400,000 renovation of the existing five-story brownstone at 187 Lenox Avenue, in Harlem. The building will include five residential units and “a 900 square-foot ground-floor eatery,” and completion is expected this spring.

856 Washington Avenue [Brownstoner]: Slate Property Group has acquired the low-rise, 6,000 square-foot Greenpoint Savings Bank — located at 856 Washington Avenue, in Prospect heights — for $6.5 million. The site has 40,000 square feet of building potential, but plans have yet to be revealed.

785 Dekalb Avenue

785 Dekalb Avenue, rendering by Durukan Design

785 Dekalb Avenue [Curbed]: SSJ Development’s six-story, 70-unit residential building — currently topped-out at 785 Dekalb Avenue, in northern Bedford-Stuyvesant — is now being redesigned by Durukan Design. The façade will be made of “brick with metal cladding,” and completion is expected later this year.

212 5th Avenue [Commercial Observer]: Thor Equities, Madison Equities, and Building and Land Technology “have closed on the $260 million purchase” of 212 5th Avenue, in NoMad. The 21-story, 220,000 square-foot building will undergo a conversion to 48 condo units.

15 Lafayette Avenue

15 Lafayette Avenue, rendering via Jonathan Rose Companies

15 Lafayette Avenue [Daily News]: Jonathan Rose Companies is set to acquire the development site at 15 Lafayette Avenue, in Fort Greene, to build a 12-story, 123-unit mixed-income and mixed-use building. Construction “begins this Spring” and “is expected to be completed by [late] 2016.”

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