Articles by Reid Wilson

685 Fifth Avenue

Redesigned Retail Space, Five-Story Office Expansion for 20-Story Commercial Building at 685 Fifth Avenue, Midtown

General Growth Properties and Thor Equities have filed to expand, by five stories, the 20-story, 115,000-square-foot multi-use commercial building at 685 Fifth Avenue, located on the corner of East 54th Street, in Midtown. The property’s commercial square footage – 109,543 square feet – will remain the same, because a portion of the space on the lower levels will be utilized to build the vertical expansion. As a result, the structure will see an increase in height from 227 feet to 292 feet. Coach has already secured a lease to take 23,400 square feet of retail space on the first few floors for its new flagship store, The Real Deal reports. Midtown South-based Marin Architects is the architect of record. In June of 2014, GGP and Thor acquired the building for $460 million, and it was reported last November that Michael Shvo is in contract to acquire the building’s existing 90,000 square feet of office space for north of $100 million. It doesn’t appear the future office space on floors 21 through 25 was part of the deal with Shvo.


150 Rivington Street

Reveal for Seven-Story, 45-Unit Mixed-Use Project Planned at 150 Rivington Street, Lower East Side

Earlier this year, applications were filed to demolish the former Streit’s Matzo Factory to the ground floor. The developer wants to build a seven-story, 45-unit mixed-use building with 10,219 square feet of ground and cellar-level retail space from the remnants, at 148-154 Rivington Street, on the Lower East Side. Renderings of the project have now been revealed by the New York Times, which can also report that apartments will be condominiums with one- and two-bedroom configurations. The amount of retail space has also been increased to 13,000 square feet. Cogswell Lee Development (the development arm of Cogswell Realty) is the developer, and GLUCK+ is behind the design. Demolition of the factory is expected to commence in the coming weeks.


100 West 125th Street

Construction Wraps on Six-Story, 202,000-Square-Foot Retail Complex at 100 West 125th Street, Harlem

In July of 2015, YIMBY brought you a construction update on the the six-story, 202,361-square-foot commercial-retail project being built at 100 West 125th Street, located on the corner of Malcolm X Boulevard, in Harlem. That October, the structure topped out, and now, the building’s façade appears to be nearly complete, according to Harlem+Bespoke. All six floors, plus the cellar level, will be utilized as retail space, and a number of retailers have already signed leases in the building. Notable tenants include Whole Foods Market, American Eagle, Nordstrom Rack, Burlington Coat Factory, Raymour & Flanigan, Olive Garden, and TD Bank. Wharton Properties, headed by Jeff Sutton, is the developer, while Staten Island-based Gambino + LaPorta Architecture is behind the design. Opening can probably be expected in the coming months.


691 Chauncey Street, photo by Christopher Bride for PropertyShark

Four-Story, 10-Unit Residential Project Planned at 691 Chauncey Street, Bushwick

Shlomo Sinay, doing business as an anonymous Brooklyn-based LLC, has filed applications for a four-story, 10-unit residential building at 691 Chauncey Street, in eastern Bushwick, located two blocks from the Chauncey Street stop on the J/Z trains. The structure will measure 9,412 square feet, and its residential units should average 740 square feet apiece, indicative of rental apartments. There will be two or three apartments per floor, except two of the fourth-floor units will be relatively larger because they will feature space on an upper mezzanine level. The building will be topped by a roof terrace. Hudson Valley-based Kenneth Thomas is the applicant of record. Demolition permits were filed in January for the site’s two-story townhouse.


11-30 45th Road

Six-Story, 24-Unit Residential Project Rises at 11-30 45th Road, Long Island City

In February, foundation work was underway for the six-story, 24-unit residential building at 11-30 45th Road, in the Hunters Point section of Long Island City. Now, construction is up to the third floor of the project, according to The Court Square Blog. The structure will measure 31,729 square feet, with residential units averaging 931 square feet apiece. The apartments could either be large rentals or good-sized condominiums. Amenities include a 14-car parking garage on the ground floor and a rooftop recreational enclosure featuring outdoor space. Century Development Group is the developer, while Flushing-based Raymond Chan Architect is behind the design. Completion is expected in mid-2017.


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