Articles by Reid Wilson

Developer Assembling Mixed-Use Site At 69-02 Queens Boulevard, Elmhurst

10:00 am on April 1, 2016 By Reid Wilson

Madison Realty Capital has acquired the vacant 29,000-square-foot lot at 69-02 – 69-08 Queens Boulevard, in Elmhurst, for $14.75 million. The purchase is the first of five properties that are currently being assembled for a mixed-use development, according to The Real Deal. Three other properties – the two-story structure at 46-12 70th Street, the single-story warehouse as 69-39 47th Avenue, and the restaurant at 69-20 Queens Boulevard – are currently in contract to be sold by their respective owners. The fifth property is a two-story cultural center at 69-23 47th Avenue. The single property Madison owns can accommodate roughly 145,000 square feet of development, but if successful in acquiring the entire assemblage, the developer could build a nearly 358,000-square-foot project. At that point, Madison plans to take a mixed-use rental project through the city’s Urban Land Use Review Procedure (ULURP).

Construction Complete On 10-Story, 21-Unit Condo Building At 325 West Broadway, SoHo

7:00 am on April 1, 2016 By Reid Wilson

In October of 2015, YIMBY brought you renderings of the 10-story, 21-unit residential building under development at 325 West Broadway, in SoHo. Now, new photos from our friend Tectonic show that construction on the property is done. Dubbed XOCO 325, the 55,962-square-foot structure’s condominium units range from 1,055-square-foot one-bedrooms to 2,658-square-foot four-bedrooms. Amenities include a 24-hour concierge, a fitness center, private residential storage, bicycle storage, and a rooftop terrace. DDG is both the developer and design architect, although Thomas O’Hara’s HTO Architect is the architect of record. Occupancy has already begun. The property is located within the SoHo-Cast Iron Historic District.

61-Unit Condominium Project Could Be Coming To 517 West 29th Street, West Chelsea

6:30 am on April 1, 2016 By Reid Wilson

Back in October of 2015, Six Sigma was in contract to buy the six-story, 55,000-square-foot commercial building at 517-523 West 29th Street, in West Chelsea, for $54 million. The developer has since closed on the purchase and has now filed exploratory applications with the Attorney General’s office to gauge the demand for a potential condominium project, The Real Deal reports. Although details are sparse, the project would include 61 condominium units and ground-floor retail space. It’s not clear if the existing building would be demolished for a new one, although the site can accommodate up to 74,000 square feet of development potential (which means it currently has 19,000 square feet of air rights). Nothing has been filed yet with the Department of Buildings.

Construction Wraps on 14-Story, 280-Unit Residential Building At 535 West 43rd Street, Hell’s Kitchen

6:00 am on April 1, 2016 By Reid Wilson

In February of 2014, YIMBY revealed initial renderings of the planned 14-story, 280-unit block-thru residential project at 535 West 43rd Street (a.k.a. 546 West 44th Street), in Hell’s Kitchen. We brought you updated renderings of the 264,451 square-foot project in March of 2015, and now we have final renderings of the structure, on which construction is now wrapping. Dubbed 535W43, it will have rental apartments measuring an average of 787 square feet apiece. They will come in studio, one-, and two-bedroom configurations, and 62 of them will rent at below market-rates through the housing lottery.

Three Three-Story, Two-Family Houses Coming To 155 Crown Avenue, Woodrow, Staten Island

4:15 pm on March 31, 2016 By Reid Wilson

Staten Island-based Passarelli Construction has filed applications for three three-story, two-family houses at 155-163 Crown Avenue, in Woodrow, located on the southern end of Staten Island’s south shore. Each of them will measure 4,561 square feet and will contain full-floor residential units that average a spacious 1,382 square feet apiece. The ground-floor/basement level won’t contain any residential space, but will have mechanical equipment. Stanley Krebushevski’s Staten Island-based architecture firm is the architect of record. The 138-foot-wide plot of land is currently vacant and will be integrated into the street during the development process.

36-Story Midtown Office Tower At 65 East 55th Street Getting Major Renovations

4:00 pm on March 31, 2016 By Reid Wilson

The 36-story, 615,850-square-foot office building at 65 East 55th Street, in Midtown, is currently receiving a $25 million renovation now that a majority of the tower is in between commercial leases. Construction on the first phase of renovations began earlier this year and includes a redesigned 41-foot-tall lobby and upgraded elevators, according to Commercial Observer. Once tenants vacate additional areas of the building this summer, work will begin on 20,000 square feet of amenities. Dubbed The Club, it will feature a fitness center, a recreational lounge, a bistro, and a conference center. A new outdoor plaza, with seating, vegetation, a sculpture, and a restaurant/bar, is also being constructed. Once completed, hundreds of thousands of square feet of office space will hit the market. Landlord Equity Office, a branch of Blackstone Group, acquired the 1985-built building in 2014 for $750 million.

13-Story, 88-Unit Mixed-Use Building Under Construction at 142-38 37th Avenue, Flushing

3:00 pm on March 31, 2016 By Reid Wilson

Back in November of 2014, YIMBY revealed renderings of the planned 13-story, 88-unit mixed-use building at 142-38 37th Avenue, in downtown Flushing, located three blocks from the Main Street Station on the 7 train. The project, dubbed East West Tower, is still under development, as its developer, Long Island-based Kenny Liu, has recently submitted plans to the Attorney General’s office detailing the project’s estimated sellout. The building is being valued at $95.5 million by the developer, according to The Real Deal. The 160,122-square-foot structure will host 26,791 square feet of community facility space across the ground and second floors. That space will be split between 18 doctors offices. Residential condominium units will begin on the third floor and should average 731 square feet apiece. There will be a 142-car parking garage and a fitness center in the cellar. Maspeth-based Architects Studio is designing and construction is quietly underway.

Four-Story, Seven-Unit Residential Project Planned At 1003 Willoughby Avenue, Bushwick

2:00 pm on March 31, 2016 By Reid Wilson

Brett Bernstein, doing business as an anonymous Brooklyn-based LLC, has filed applications for a four-story, seven-unit residential building at 1003 Willoughby Avenue, in western Bushwick, located four blocks from the Central Avenue stop on the M train. The structure will measure 5,000 square feet in total and its residential units should average a rental-sized 714 square feet apiece. The ground through third floors will contain two apartments each, and the project will be topped by a full-floor unit on the fourth floor that also features an upper penthouse level. Woody Chen’s Elmhurst-based Infocus Design & Planning is the architect of record. The 25-foot-wide lot is currently occupied by a two-story townhouse.

Five-Story, Eight-Unit Mixed-Use Building Filed At 578 Fifth Avenue, South Slope

1:00 pm on March 31, 2016 By Reid Wilson

Brooklyn-based Eight & Eight Development has filed applications for a five-story, eight-unit mixed-use building at 578 Fifth Avenue, in South Slope, located around the block from the Prospect Avenue stop on the R train. The new building will encompass 10,726 square feet and will include 1,549 square feet of retail space across the ground floor and part of the cellar. Floors two through five will contain two residential units each. The apartments should average 740 square feet apiece, which means rental units are likely in the works. Lower Manhattan-based Chi F. Lau Architect is the architect of record. Demolition permits were filed in June of 2015 for the site’s existing two-story, 25-foot-wide commercial building.

Construction Completed on Six-Story, Eight-Unit Mixed-Use Building at 372 Lafayette Street, NoHo

11:00 am on March 31, 2016 By Reid Wilson

Back in September of 2014, YIMBY brought you an update on adjacent residential projects at 10 Bond Street and 372 Lafayette Street (a.k.a. 11 Great Jones Street), in NoHo. The former project, a seven-story, 11-unit condominium building, went on the to have construction completed by the end of the summer of 2015. Construction has since entirely wrapped up on the latter project, a six-story, eight-unit residential building, as seen in photos by Tectonic. The property is completely unobscured from scaffolding and occupancy is currently underway. The ground floor and cellar levels will contain 2,143 square feet of retail space. The eight rental apartments above measure between 1,300 and 2,000 square feet apiece, coming in two- and three-bedroom configurations, although some units appear to have been divided into multiple apartments. Kano Properties is the developer, and Morris Adjmi Architects is behind the design.

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Articles by Reid Wilson

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