June 2016

Reveal for 24-Story, 62-Unit Mixed-Use Building Planned at 1050 Sixth Avenue, Midtown

6:00 am on June 24, 2016 By Reid Wilson

A rendering has been revealed of the planned 24-story, 62-unit mixed-use building under development at 1050 Sixth Avenue, located between West 39th and 40th streets, just below Bryant Park in Midtown. The reveal comes as Skyline Developers held a groundbreaking ceremony for the project earlier this week, as reported by Real Estate Weekly. The new building will encompass 62,886 square feet. It will feature 2,710 square feet of retail space on the ground floor, and its residential units, which will be rental apartments, should average 841 square feet apiece. Amenities include storage for 32 bikes, private residential storage, laundry facilities, a fitness center, and a tenant lounge. The building’s top unit will also include a private rooftop terrace, with a number of other units boasting balconies. SoHo-based Gene Kaufman is the architect of record. Completion is expected in late 2018. YIMBY first brought you news of the project when building applications were filed in December of 2014.

New 8,125-Seat Grandstand Stadium to Open for 2016 US Open

4:00 pm on June 23, 2016 By Reid Wilson

The United States Tennis Association’s 125,000-square-foot, 8,125-seat Grandstand Stadium is scheduled to debut for the 2016 US Open. The new stadium is a significant element of the $550 million overhaul of the 46-acre USTA Billie Jean King National Tennis Center, located in Flushing Meadows Corona Park, Queens. The seating capacity is 2,125 people more than before. The design comes from Detroit-based ROSSETTI, which is also behind the design of the renovated Arthur Ashe Stadium. As part of the overhaul, Ashe is getting a new, retractable roof. Other additions and upgrades to the include a retractable roof for Louis Armstrong Stadium and a two-tiered observation deck that overlooks the practice courts. Completion of the entire project is expected by 2018 and this year’s tournament runs from August 29 to September 11.

Construction Wrapping on 13-Story, 48-Unit Mixed-Use Building at 42-14 Crescent Street, Long Island City

3:00 pm on June 23, 2016 By Reid Wilson

Construction is wrapping up on the 13-story, 48-unit residential building under development at 42-14 Crescent Street, in the Court Square/Queens Plaza section of Long Island City. The structure’s exterior and façade elements have now been installed, as seen in a photo posted to the YIMBY Forums by JC_Heights. The building measures 44,061 square feet and its residential units, which will be rental apartments, should average 816 square feet apiece. It will also contain 740 square feet of ground-floor retail space. Amenities include private residential storage units, storage for 23 bikes, laundry facilities, a fitness center, indoor and outdoor recreational areas on the ground floor, and a rooftop deck. Meadow Partners is the developer, while John Fotiadis Architect is behind the design. It was only in February that the project topped out. Occupancy is likely within the next few months.

Two Three-Story, Three-Family Residential Buildings Coming to 32-37 100th Street, East Elmhurst

2:00 pm on June 23, 2016 By Reid Wilson

TNE Building has filed applications for two three-story, three-unit residential buildings at 32-37 – 32-41 100th Street, in East Elmhurst. They will each measure 4,488 square feet, and their full-floor residential units should average 1,122 square feet apiece, indicative of family-sized configurations. Amenities include a total of six off-street parking spots, laundry facilities, and storage space in the cellar. Pirooz Soltanizadeh’s Jamaica-based Royal Engineering is the applicant of record. The 7,500-square-foot development assemblage is currently occupied by two two-story houses. Demolition permits were filed for both in February.

City Council Approves Rezoning Proposal Allowing Pedestrian Arcade-to-Retail Conversions Along Water Street, Financial District

1:00 pm on June 23, 2016 By Reid Wilson

Earlier this week, the City Council voted to approve a rezoning proposal that would allow landlords of the commercial properties with public pedestrian arcades along Water Street, between Fulton and Whitehall streets in the Financial District, to convert the arcades into retail space in exchange for renovating adjacent public plazas. The total amount of space that could be converted spans 110,000 square feet across 20 buildings, DNAinfo reported. The rezoning requires retail conversions of greater than 7,500 square feet to be approved through the city’s Uniform Land Use Review Procedure (ULURP). It also limits the amount of street frontage chain banks and drugstores can take up, and requires the entire height of the arcade to be built out. Future renovations to the existing public plazas in the area could include new seating and planters, among other upgrades.

June 2016

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