Articles by Reid Wilson

Development Team Closes on Deal with Port Authority to Rebuild LaGuardia Airport

6:30 am on June 3, 2016 By Reid Wilson

Back in March, the Port Authority of New York & New Jersey (PANYNJ) officially approved plans to rebuild LaGuardia Airport, in East Elmhurst, in addition to incorporating a 24-hour ferry service and an AirTrain to help transport travelers. Now, LaGuardia Gateway Partners – comprised of Vantage Airport Group, Skanska, and Meridiam – has closed on a deal with the Port Authority to actually construct the project, and to operate the new 1.3-million-square-foot airport through 2050, according to Crain’s. Demolition is expected to begin within the next few months on the five-story parking garage in front of the Central Terminal building. The Central Terminal will be the first portion to be redeveloped and is expected to be complete by 2021, followed by Terminals C and D. The development team, which is putting up $1.8 billion of its own money, has already secured $2.5 billion in financing. The Port Authority is responsible for an additional $2.2 billion that will go towards infrastructure work.

Request for Proposals for Two Residential Portions of Hunters Point South Mega-Project, Long Island City

6:00 am on June 3, 2016 By Reid Wilson

Back in February, we learned that the New York City Department of Education (NYCDOE) and the School Construction Authority (SCA) are planning a 600-student elementary school on block “F” of the Hunters Point South mixed-use, mixed-income mega-development, located in southwestern Long Island City. Now, the Department of Housing Preservation and Development (HPD) is preparing to launch a Request for Proposals (RFP) for two residential portions of the mega-project, one located on block “F” adjacent to the school, and the other on block “G,” Crain’s reported. Together, the two buildings are expected to include at least 750 residential units, of which 450 would rent at below-market rates. There would also be retail space and some form of community facility space. Proposals will be due in September, and a development team will be selected in early 2017.

Four-Story, Two-Family Mixed-Use Building Coming to 737 Park Place, Crown Heights

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

Itamar Bruhim, doing business as an anonymous Floral Park-based LLC, has filed applications for a four-story, two-unit mixed-use building at 737 Park Place, in western Crown Heights, located five blocks from the Franklin Avenue stop on the 2/3/4/5 trains. The structure will measure 4,378 square feet, and 1,254 square feet of that will be dedicated to ground-floor retail space. Above, one unit will be hosted on the second and third floor, and a second unit will be located in the fourth floor and penthouse level. The apartments should average a spacious 1,612 square feet, which means condominiums must be in the works. Roman Sorokko’s Little Neck-based Versatile Engineering is the applicant of record. The 20-foot-wide, 1,513-square feet lot is currently vacant.

Two Three-Story, Two-Family Buildings Coming to 55-40 66th Street, Maspeth

3:00 pm on June 2, 2016 By Reid Wilson

Flushing-based property owner Chunhui Lin has filed applications for two three-story, two-family residential buildings at 55-40 – 55-40A 66th Street, in Maspeth, located directly north of the Long Island Expressway. Each will measure 2,423 square feet. Both will feature the same general unit configuration, with one unit located on the ground floor and the second unit hosted on the second and third floors. Across both, the apartments should average 908.5 square feet apiece. Each structure will have its own laundry facilities and a single off-street parking spot. Flushing-based Zheng & Associates is the applicant of record. The 50-foot-wide plot of land is currently vacant. Filings were previously submitted for a similar project in 2014, but were withdrawn.

Construction Wrapping on 12-Story, 13-Unit Condominium Project at 12 Warren Street, TriBeCa

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

Back in August of 2015, YIMBY revealed renderings of the 12-story, 13-unit residential project at 12 Warren Street, in TriBeCa. Construction on the exterior of the building, which goes by 12 Warren, is wrapping up, with the façade of the structure now fully installed, Curbed NY reported. The project is technically an expansion of the site’s five-story commercial predecessor but now boasts 55,447 square feet of residential space. The residential units, which are condominiums, should average a very spacious 4,265 square feet apiece. Amenities include a fitness center, private residential storage units, a recreational room in the cellar, and an open terrace on the rooftop. DDG is both developing and designing the project, while H. Thomas O’Hara’s Midtown-based HTO Architect is serving as the architect of record. Occupancy is expected later this year.

On-Site Rendering Posted of 36-Two-Family-Townhouse Development at 45-35 11th Street, Long Island City

1:00 pm on June 2, 2016 By Reid Wilson

Back in May of 2015, YIMBY reported on applications filed for 36 four-story, two-family townhouses spanning 11-05 – 11-21 46th Avenue, 11-06 – 11-16 45th Road, and 45-27 – 45-41 11th Street, located in the Hunters Point section of Long Island City. Now, an on-site rendering part of the project has been spotted by The Court Square Blog, which can also report demolition of the 50,003-square-foot site’s former single-story warehouses is finished.

12-Story, 165-Unit All-Affordable Residential Building Proposed at 860 East 147th Street, Mott Haven

11:00 am on June 2, 2016 By Reid Wilson

Back in December of 2014, YIMBY reported on applications for a nine-story, 94-key hotel at 860 East 147th Street, in eastern Mott Haven, located two blocks from the East 149th Street stop on the 6 train. Now, Radson Development is proposing to develop a 12-story, 165-unit all-affordable residential project at 860-880 East 147th Street, DNAinfo reported. The developer is currently taking the 170,000-square-foot project, which requires an individual rezoning, through the city’s Uniform Land Use Review Procedure (ULURP). It recently received approval from Bronx Community Board 1 under certain conditions, including that the property at 860 East 147th Street, where the owner filed plans for a hotel, is to be excluded from the rezoning. If approved, the new building, dubbed Dr. Martin Luther King Jr. Plaza, would rent all its units, which would be rental apartments ranging from studio to three-bedrooms, to extremely low- and low-income households. Amenities include a community room, laundry facilities, and rooftop terraces. Magnusson Architecture and Planning (MAP) is designing. Construction is tentatively scheduled to begin in early 2017 and be completed in late 2018. Five two- and three-story townhouses must first be demolished.

Office-to-Luxury Hotel-Residential Conversion Planned at Crown Building in Midtown

10:00 am on June 2, 2016 By Reid Wilson

In early 2015, Wharton Properties and General Growth Properties (GGP) acquired, for $1.75 billion, the Crown Building – a 25-story, 385,600-square-foot multi-use commercial building – at 730 Fifth Avenue, located on the corner of West 57th Street in Midtown. Now, it’s been disclosed that developer Michael Shvo and Russian investor Vladislav Doronin are planning to acquire a large portion of the building for a mixed-use conversion project, the New York Post reported. The duo want to convert the upper floors of the current office building into an Aman hotel and 23 ultra-luxury condominium units. Wharton and GGP recently bought out the last remaining office tenant. The current owners plan to lease the remainder of the property that isn’t sold to Doronin and Shvo as retail. The retail space is currently being newly renovated and is expected to take up at least the first four above grade levels. Late last year, it was reported that Bulgari signed a 15-year lease on the ground floor.

First Look at Nine-Story, 86-Key Holiday Inn Express, 4729 Third Avenue, Belmont

6:00 am on June 2, 2016 By Reid Wilson

Back in December of 2015, YIMBY reported on applications for a nine-story, 86-key hotel at 4729 Third Avenue, in Belmont, located two blocks south of the Metro-North Railroad’s Fordham station. Now, Michael Kang’s Flushing-based architecture firm has revealed colored schematic drawings of the project. It can also be revealed that InterContinental Hotels Group will be the hotel operator and is planning a Holiday Inn Express. The structure, which will rise on a 6,229-square-foot triangular lot, will encompass 43,789 square feet. Guest amenities will include laundry facilities, a fitness center, a business center with meeting rooms, a breakfast area, luggage storage, and parking for four bikes. Syosset, N.Y.-based Neelam Chadha is the developer. The property is currently occupied by a small single-story warehouse, and demolition permits were filed in December.

Six Four-Story, Three-Unit Townhouses Coming to 113-123 Clifton Place, Bedford-Stuyvesant

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

Brooklyn-based CS Real Estate Group has filed applications for three four-story, six-unit residential buildings at 113-123 Clifton Place, in western Bedford-Stuyvesant, located around the block from the Classon Avenue stop on the G train. The development will likely read like townhouses, as each building will actually be split into two 20-foot-wide sections, with three units in each “townhouse.” All of the townhouse sections will have similar configurations, with one unit located on the ground and cellar levels, another unit located on the second floor and part of the third floor, and the final unit hosted on the rest of the third floor and the entire fourth floor. The residential space varies between each building, but an average unit across the whole development should cover 1,027 square feet, indicative of condominiums. Karl Fischer is the architect of record. The 120-foot-wide lot is currently occupied by a two-story commercial building and a low-slung warehouse. Permits were field last year to demolish the structures.

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Articles by Reid Wilson

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