Articles by Reid Wilson

Development Team Acquires 11-Story Watchtower Complex at 25-30 Columbia in Brooklyn Heights, Plans Creative Office Conversion

6:00 am on August 5, 2016 By Reid Wilson

Over the spring, a team of developers entered into contract to acquire, from the Jehovah’s Witnesses, the 11-story, 739,000-square-foot commercial complex known as the Watchtower, at 25-30 Columbia Heights, in Brooklyn Heights. The team – now a joint venture between the Kushner Companies, CIM Group, and LIVWRK – have closed on the purchase for roughly $340 million, Commercial Observer reported. The new owners plan to convert the complex into creative office space, likely similar to how some of the same developers transformed the five-building complex now dubbed DUMBO Heights. The redevelopment is expected to begin within a year. In addition to the acquisition of 25-30 Columbia Heights, the same partnership is remains in contract to buy the vacant, block-encompassing development site at 85 Jay Street, in DUMBO.

Construction Complete at Four-Story, 10-Unit Residential Project, 434 Manhattan Avenue, Williamsburg

4:00 pm on August 4, 2016 By Reid Wilson

Construction has been completed on the four-story (plus penthouse), 10-unit residential building under development at 434 Manhattan Avenue in Williamsburg. That’s on the corner with Bayard Street. YIMBY previously revealed schematic drawings of the project when foundation work was underway in the spring of 2015. The latest building permits show the building measures 10,262 square feet. The residential units should average 676 square feet apiece, indicative of rental apartments. Amenities include laundry facilities and a 302-square-foot recreational area on the ground floor. Borough Park-based Yoel Berkovitz is the developer and Beam Group is the design architect. Edward F. Zevallos Architect is serving as the architect of record. Occupancy can be expected very soon. The Lorimer Street/Metropolitan Avenue stop on the G and L trains is eight blocks away.

Three-Story, Single-Family Townhouse Coming to 172 Putnam Avenue, Bedford-Stuyvesant

3:00 pm on August 4, 2016 By Reid Wilson

Property owner Adam Frampton has filed applications for a three-story, single-family townhouse at 172 Putnam Avenue, in western Bedford-Stuyvesant. It will measure 2,815 square feet and will host 2,032 square feet of living space across. There will be additional recreational space in the cellar. Adam Frampton’s Midtown South-based Only If Architecture is the architect of record. The 13-foot-wide, 1,333-square-foot property is currently vacant. The Franklin Avenue-Fulton Street stop on the C and Franklin Avenue Shuttle trains is located three blocks south.

Four Three-Story, Three-Unit Residential Buildings Planned at 3221 Pearsall Avenue, Allerton

2:00 pm on August 4, 2016 By Reid Wilson

Property owner Yaniv Zohar, doing business as an anonymous Kew Gardens-based LLC, has filed applications for four three-story, three-unit residential buildings at 3217-3223 Pearsall Avenue, in the East Bronx’s Allerton section. The buildings will measure between 3,640 square feet and 3,845 square feet. Across the entire project, the full-floor residential units should average a family-sized 1,013 square feet apiece. There will be a total of 10 off-street parking spaces. Arnold Montag’s Great Neck, N.Y.-based AM/PM Design & Consulting is the architect of record. The 100-foot-wide, 10,000-square-foot property is currently occupied by a single-story house. Demolition permits were filed in June. The Gun Hill Road stop on the 5 train is seven blocks away.

Four-Story, Eight-Unit Residential Project Filed at 1390 Putnam Avenue, Bushwick

1:00 pm on August 4, 2016 By Reid Wilson

Property Adar Yigal, doing business as an anonymous LLC, has filed applications for a four-story, eight-unit residential building at 1390 Putnam Avenue, in Bushwick. It will measure 7,500 square feet and its residential units should average 687.5 square feet apiece, indicative of rental apartments. Woody Chen’s Elmhurst-based Infocus Design & Planning is the architect of record. The 25-foot-wide, 2,500-square-foot property is currently vacant. The Myrtle-Wyckoff Avenues stop on the L and M trains is located five blocks away.

Renovation Begins on 17-Story, 573-Unit Surfside Gardens Public Housing Complex, Coney Island

11:00 am on August 4, 2016 By Reid Wilson

Yesterday, the New York City Housing Authority (NYCHA) broke ground on a $41 million renovation project of the 17-story, 573-unit public housing complex called Surfside Gardens (officially Coney Island I, Sites 4 & 5) at 2947 West 28th Street, on western Coney Island. The project, funded by the Federal Emergency Management Agency (FEMA), is intended to repair damage sustained during Hurricane Sandy. It will also upgrade the building to better mitigate future storm damage, the Brooklyn Daily Eagle reported. The entire roof will be replaced, the façade will get a new look, backup power generators and new infrastructure will be installed, outdoor recreational areas will be upgraded, and new security measures will be installed. In addition, the Surfside Community Center will get an extensive renovation. James McCullar Architecture is behind the renovation’s design.

Five-Story, 10-Unit Residential Building Now Planned at 223 Manhattan Avenue, Williamsburg

10:00 am on August 4, 2016 By Reid Wilson

Property owner Sol Ekstein, doing business as an anonymous Hudson Valley-based LLC, has filed applications for a five-story, 10-unit residential building at 223 Manhattan Avenue, in the heart of Williamsburg.In early 2015, YIMBY reported on plans for a six-story, 11-unit residential project under a previous owner. The newly filed building will measure 7,583 square feet and its residential units should average 682 square feet apiece, indicative of rental apartments. It would include a 225-square-foot rooftop recreational area. Boaz Golani’s Brooklyn-based Beam Group is the architect of record. The 25-foot-wide, 1,997-square-foot property is currently occupied by a three-story townhouse. Demolition permits haven’t been filed. Both the Graham Av and Grand St stops on the L train are about 0.3 miles away.

New Owners Plan Office, Retail Conversion at Six-Story, 115,000-Square-Foot Building, 17 Laight Street, TriBeCa

6:30 am on August 4, 2016 By Reid Wilson

Vanbarton Group is in contract to acquire the six-story, 115,000-square-foot mixed-use building, formerly home to the Tribeca Film Festival, at 13-17 Laight Street, in TriBeCa, for $90 million. The group plans to convert the building into a retail, office, and “lifestyle facility” space, the New York Post reported. Vanbarton is in the process of buying out all of the property’s existing commercial and residential tenants. The 13,867-square-foot lot also comes with 10,530 square feet of air rights, although it’s not known if an expansion is planned.

Construction Wrapping on Eight-Story, 32-Unit Mixed-Use Building at 100 Avenue A, East Village

6:00 am on August 4, 2016 By Reid Wilson

Construction is wrapping on the eight-story, 32-unit mixed-use building under development at 100 Avenue A, located between East 6th and 7th streets in the East Village. Photos of the progress can be seen in an EV Grieve report. The latest building permits indicate the project encompasses 51,121 square feet. The ground and cellar levels will host a 12,000-square-foot Blink Fitness, followed by 32 residential units. They will be condominiums and should average 950 square feet apiece. Amenities include storage for 46 bikes, plus laundry facilities, storage space, and a rooftop terrace. Ben Shaoul’s Magnum Real Estate Group is the developer and Issac & Stern Architects is behind the architecture. Built In Studio is designing the interiors. Completion is expected later this year.

New Owners Plan Partial Office Conversion at Six-Story, 225,000-Square-Foot Industrial Property, 43-01 22nd Street, Long Island City

4:00 pm on August 3, 2016 By Reid Wilson

Back in May, Olmstead Properties and Newmark Holdings entered into contract to purchase the six-story, 225,000-square-foot manufacturing building at 43-01 22nd Street, located on the corners of 43rd and 44th avenues in the heart of Long Island City. The duo have now closed on the purchase for $61 million, Commercial Observer reported. They plan to convert the structure into office space, although roughly two-thirds of the property is currently leased to Reis Studios. The vacant portions are expected to be converted soon, but it’s not known when the currently leased space will get the conversion. Upgrades to the building will include a redesigned lobby, new windows and façade elements, and new mechanical infrastructure such as elevators.

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Articles by Reid Wilson

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