June 2016

Renovation Planned at Tower 45, the 40-Story Office Tower at 120 West 45th Street, Midtown

4:00 pm on June 16, 2016 By Reid Wilson

Kamber Management Company is planning a $20 million renovation of Tower 45, the 40-story, 458,446-square-foot building at 120 West 45th Street, in Midtown. The office tower will see upgrades to its 175-foot-tall outdoor atrium, the lobby, and hallways and bathroom facilities throughout, plus mechanical equipment such as elevators. The 15th, 20th, 21st, and 24th floors, which are vacant, are also being renovated, according to Commercial Observer. Kohn Pedersen Fox and Milo Kleinberg Design Associates are behind the design of the renovations. Construction is expected to get fully underway later this year, with completion scheduled for summer 2017. Tower 45, completed in 1989, was acquired by Kamber in 2015 for $365 million. Amenities include a parking garage.

Request for Proposals Issued for Mixed-Use Development Site at 5 Freer Street, Lynbrook

3:00 pm on June 16, 2016 By Reid Wilson

The Lynbrook Village Board has issued a request for proposals (RFP) for the site of the two-story Capri motel at 5 Freer Street. That’s in Nassau County on Long Island. The development goals at the site aren’t specific, but are said to mirror the village’s current downtown development vision of building more commercial space and rental apartments, according to the LI Herald. The village is also proposing to de-map Roxy Place and allow it to be built on, which would add 5,900 square feet to the development plot. The RFP requires potential developers to negotiate with the hotel’s property owner, Apple Core Hotels. Proposals are due August 31. The site is located six blocks from the nearest Long Island Rail Road station.

Three-Story, Two-Duplex-Unit Townhouse Planned at 633 Mead Street, Van Nest

2:00 pm on June 16, 2016 By Reid Wilson

Property owner Imran Iqbal has filed applications for a three-story, two-unit residential building at 633 Mead Street, located in the Van Nest section of the East Bronx. The structure will measure 3,489 square feet and the apartments should average 1,333.5 square feet apiece, indicative of family-sized configurations. They will be duplexes, with one unit located on the ground floor and part of the second, while the second will take up the rest of the second floor and the entire third. Amenities include two off-street parking spots and storage space in the cellar. Kenneth A. Koon’s Bronx-based architectural firm is the architect of record. The 25-foot-wide, 2,500-square-foot plot is vacant. The East 180th Street stop on the 2 and 5 trains is located eight blocks away.

Two Two-Story, Two-Family Houses Coming to 164-39 75th Road, Hillcrest, Queens

1:00 pm on June 16, 2016 By Reid Wilson

TNE Building has filed applications for two two-story, two-family houses at 164-39 – 164-43 75th Road, in Hillcrest, located in Queens between the commercial centers of Flushing and Jamaica. The buildings will measure 2,970 square feet and 2,947 square feet each. Across both, the full-floor apartments should average 986 square feet apiece. Each structure will also come with two off-street parking spots, one of which will be located in a single-story garage. Pirooz Soltanizadeh’s Jamaica-based Royal Engineering is the architect of record. Jacob Ashkenazie is the property owner. The 60-foot-wide site is currently occupied by a one-and-a-half-story house. Demolition permits were filed in March.

111 Montgomery Street, rendering by Karl Fischer

Developer Acquires Site of 12-Story, 162-Unit Residential Project at 109 Montgomery Street, Crown Heights

11:00 am on June 16, 2016 By Reid Wilson

The 21,906-square-foot development site at 109 Montgomery Street, in southwestern Crown Heights, has recently changed hands for $24.5 million. Cornell Realty is likely the new owner, according to the Brooklyn Daily Eagle. The site has been approved for a 12-story, 162-unit residential building, which YIMBY revealed renderings of back in October of 2015. The latest permits indicate the building will encompass 168,236 square feet. If the new owner builds the current plans, the residential units, ranging from studios to three-bedrooms, should average 814 square feet apiece. Amenities include a 71-car underground garage, a pet spa, private residential storage, storage for 81 bikes, outdoor terraces on the ground, second, and rooftop levels, and a fitness center. Karl Fischer is the architect. Demolition permits indicate crews will begin to raze the existing single-story warehouse imminently. The site is located five blocks south of the Franklin Avenue stop on the 2/3 and 4/5 trains and Franklin Avenue Shuttle.

June 2016

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