JPMorgan to Anchor Major New Office Tower [New York Post]: JPMorgan Chase is reportedly looking to relocate from Park Avenue, and consolidate into one of the proposed and prestigious office towers on the Far West Side, or within the World Trade Center. The bank has options, and candidates include Related’s “1,110-foot-tall, 2.3-million-square-foot” 50 Hudson Yards, Brookfield’s Manhattan West, Vornado’s 15 Penn Plaza, or Silverstein’s 2 World Trade Center; talks with each developer have already begun.
508 West 24th Street [New York Post]: The 11-story and 15-unit luxury residential building at 508 West 24th Street — in West Chelsea — is now complete, “with move-ins set for this fall.” The “modern, classic, [but] simple” building has been designed by Cary Tamarkin, recently interviewed by YIMBY; the majority of units have already been purchased.
525 Broadway [Commercial Observer]: The owner of the two-story and 60,300 square-foot brick building — at 525 Broadway, “on the northeast corner of Boerum Street and Broadway, in Williamsburg — has listed the property for $35 million; the site has “189,150 square feet of buildable square feet,” and presents “an opportunity for developers to have a substantial site to work on.”
70 Henry Street [DNAinfo New York]: The movie theater located in the single-floor brick structure at 70 Henry Street — in Brooklyn Heights — is expected to shutter come August 27th. The current tenant stated the building had been purchased, but the new owner has yet to be revealed; redevelopment is now a possibility.
Prospect Place Development [Curbed]: A stretch of Prospect Place — between Underhill and Washington Avenues, in Prospect Heights — is receiving four new low-rise residential buildings, bringing “68 new apartments to the street.” Specifically, six stories and 10 units are coming to 353 Prospect, five stories and seven units at No. 357, four stories and 44 units at No. 363, and six stories and seven units at No. 375.
1191 Ocean Avenue [Brownstoner]: A two-story wood-framed structure — at 1191 Ocean Avenue, in Flatbush – Ditmas Park — has sold for $2.25 million, and is expected to be redeveloped into a recently approved seven-story and 26-unit residential building of 17,874 square feet; Suresh Manchanda is designing. The existing structure was approved for demolition in May.
291 Lenox Avenue [Harlem+Bespoke]: Construction has begun to go vertical at 289-291 Lenox Avenue — in Harlem — the site of a planned six-story and 161,285 square-foot commercial building; Whole Foods and Burlington Coat Factory are anchoring. Foundations are currently being poured and rebar assembled; the building is set to open in 2015.
88-04 164th Street [Brownstoner]: Renderings have surfaced for the “four-story and 113,092 square-foot” public school building underway at 88-04 164th Street, in Downtown Jamaica. The school will “hold more than 830 students,” and should open in September of 2015.
508 West 24th Street [New York Post]: The 11-story and 15-unit luxury residential building at 508 West 24th Street — in West Chelsea — is now complete, “with move-ins set for this fall.” The “modern, classic, [but] simple” building has been designed by Cary Tamarkin, recently interviewed by YIMBY; the majority of units have already been purchased.
985 3rd Avenue [The Real Deal]: Macklowe has “officially closed on a $100 million transaction” involving three properties spanning 981-989 3rd Avenue, in northern Midtown East; the deal includes “a combined 90,000 buildable square feet,” likely to be “developed into a mixed-use retail and residential tower.” Five existing low-rise buildings are to be demolished for the new high rise.
48 East 132nd Street [Curbed]: Gene Kaufman is designing a seven-story and 19-unit residential building at the vacant lot of 48 East 132nd Street, in East Harlem. Kaufman was reported to have stated “the building’s design was to ‘evoke Harlem’s rich cultural and architectural heritage.'” On the backside of the lot — fronting 131st Street at No. 51 — Kaufman is also designing a separate six-story and 12-unit residential building.
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