Articles by Reid Wilson

24-12 42nd Road

Eight-Story, 36-Unit Mixed-Use Project Rises at 24-12 42nd Road, Long Island City

1:00 pm on April 26, 2016 By Reid Wilson

Back in May of 2015, YIMBY revealed renderings of the planned eight-story, 36-unit mixed-use building at 24-12 42nd Road, located in the Queens Plaza section of Long Island City. Excavation work began at the site last summer, and now construction work is underway on the ground floor, The Court Square Blog reports. The structure will encompass 49,050 square feet, of which 4,328 square feet will be designated for ground-floor retail space. The residential units above will be condominiums and should average 817 square feet apiece. Amenities include private storage space, bike storage, an outdoor recreational area on the second floor, and a rooftop terrace. Ampiera Group is the developer, while Jon K. Yung’s Flushing-based MY Architect is behind the design. Completion can probably be expected in 2017.

2760 Briggs Avenue

City Planning Five-Story Expansion at P.S. 46 Edgar Allen Poe Branch, 2760 Briggs Avenue, Fordham

11:00 am on April 26, 2016 By Reid Wilson

The New York City School Construction Authority (SCA) has filed applications to build a five-story, 67,405-square-foot school behind the existing five-story P.S. 46 Edgar Allen Poe branch, located at 279 East 196th Street, in Fordham. The expansion, with an address at 2760 Briggs Avenue, will host administrative offices, two cafeterias, and classrooms on the ground floor, followed by a gym, an exercise room, and a 280-person auditorium on the second floor, and finally classrooms on the third through fifth floors. An outdoor playground will be located on the fourth floor. Hell’s Kitchen-based Mitchell Giurgola Architects is the architect of record. An existing block-thru, single-story building must first be demolished.

535 Grand Street

Four-Story, 40,000-Square-Foot Middle School Planned at 535 Grand Street, Jersey City

10:00 am on April 26, 2016 By Reid Wilson

BelovED Community Charter School has acquired, from the Jersey City Housing Authority, the vacant half-acre development site at 535 Grand Street, in the Bergen-Lafayette section of Jersey City, with plans to build a new four-story, 40,000-square-foot middle school. The facility will be able to accommodate 240 students in grades six through nine, according to The Jersey Journal. The building will feature a two-story cafeteria that can also be utilized as a 300-seat auditorium, a 1,250-square-foot, sound-proof music room, a gymnasium, 19 classrooms, two science rooms, two art rooms, a sub-dividable multi-purpose room, a library, and administrative offices. There will also be outdoor recreational space and a 31-car parking lot. The project is being designed by Urbahn Architects. Opening is expected in September of 2018.

330-Unit Residential Conversion Underway at Edison’s Former Battery Factory, 177 Main Street, West Orange, New Jersey

6:30 am on April 26, 2016 By Reid Wilson

Earlier this month, crews began construction on the vacant and dilapidating Edison Storage Battery Company Building – a six-story, 400,000-square-foot former nickel-iron battery factory – located at 177 Main Street, in West Orange, New Jersey. That’s in Essex County. The building is being converted into 330 rental apartments and 18,500 square feet of retail space, according to the New York Times. It’s the first phase of a 21-acre mixed-use mega-development, called Edison Village, being developed by Bloomfield, N.J.-based Prism Capital Partners, Dune Real Estate Partners, and Greenfield Partners. All of the building’s 800 windows will be replaced, as the exterior of the building is being restored to a historical standard. There will be 20 penthouse duplexes, and amenities include a pool and a fitness center.

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550 Madison Avenue

Developer Abandons Plans for Hotel-Condo Conversion of 37-Story Sony Tower, Midtown

6:00 am on April 26, 2016 By Reid Wilson

Last month, the Chetrit Group began converting the 37-story, 855,000-square-foot Sony Tower – the office building at 550 Madison Avenue, between East 55th and 56th streets, in Midtown – into 113 condominiums, a 170-key hotel, and 25,451 square feet of retail space. Now, Olayan America (the U.S. branch of Saudi Arabia-based Olayan Group), with minority investor Chelsfield, is in contract to acquire the tower for more than $1.3 billion, according to The Real Deal, officially stopping the project in its tracks. The new owners will not follow through with the conversion and will lease the building as office space. Chetrit is selling the building, most likely because of the cooling ultra-luxury residential market, for at least $200 million more than what they payed for it in 2013. The soon-to-be new owners have secured $300 million in mezzanine debt and a $600 million mortgage for the acquisition. The sale is expected to close in May.

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