The vacant, 12-story former manufacturing building at 3 East 28th Street, in NoMad, is now receiving a $20 million gut-renovation. The 61,325-square-foot structure is being upgraded and modernized to accommodate office and retail tenants, Commercial Observer first reported, and YIMBY has renderings of the project.
Foundation work is now underway on the 54-story, 790-unit residential redevelopment of the seven-story former Eagle Electric Manufacturing building at 43-22 Queens Street, in the Queens Plaza/Court Square section of Long Island City. The news comes as The Court Square Blog recently snapped some shots of the construction site. The latest building permits indicate the entire project will measure 712,747 square feet. The complex will feature rental apartments averaging 763 square feet apiece. Amenities include private residential storage, an inner courtyard, multiple tenant lounges, a fitness center, a bike storage room, laundry facilities, a library, a children’s playroom, and a rooftop terrace on the seventh floor. YIMBY revealed renderings of the SLCE Architects-designed project back in March of 2015. Over the past year or so, crews have gutted the existing building and conducted excavation work at the site. Rockrose Development is the developer, and completion is anticipated in late 2017.
Global Property Group has filed applications for a five-story, three-unit residential building at 250 Water Street, in Vinegar Hill, located in Brooklyn on the East River. The structure will measure 17,451 square feet, of which 13,905 square feet will be designated for livable residential space. There will be two apartments on the ground floor, followed by a quintuplex spanning a part of the ground floor and the second through fifth floors. Condominiums are surely in the works. Amenities listed in the Schedule A include private residential storage in the cellar. John Coogan’s NoHo-based OCV Architects is the architect of record. The 70-foot-wide, 6,950-square-foot plot is currently vacant.
An anonymous Brooklyn-based LLC has filed applications for a two-story, 21,000-square-foot commercial building at 2433 Knapp Street, located along the Plumb Beach Channel in far-eastern Sheepshead Bay. The structure will house a boat sales business with interior space to showcase eight vessels. The facility will also have off-street parking for 54 cars. Not specified is whether the project will include a dock, but since it’s located along the water, one would hardly be surprising. Steven Schneider’s New Jersey-based Schneider Associates is the architect of record. The 78,000-square-foot property, of which 25,000-square feet is developable, is vacant. In 2014, the site was on the market for $2.3 million. The latest owner acquired it in 2015 for $1.5 million.
Metropolitan Realty Associates and TIAA are in contract to acquire the four-story, 342,000-square-foot industrial property at 47-25 34th Street, located on the corner of 48th Avenue in the Dutch Kills section of Long Island City. The property is being sold for $90 million, according to Crain’s. The eventual new owners plan to convert the building into modern office space to the tune of more than $10 million. The property is currently 55 percent vacant, with the occupied portion is being utilized as warehouse and showroom space. The sale comes two years after Brickman acquired the building for $60 million. Future office tenants will be located two blocks from the 33rd Street stop on the 7 train.
