Articles by Reid Wilson

Six-Story, Four-Unit Mixed-Use Expansion Project Filed At 497 3rd Street, Park Slope

1:00 pm on February 29, 2016 By Reid Wilson

Property owner Peggy Hernandez has filed applications to renovate and expand the dilapidated, vacant tenement building at 497 3rd Street, in Park Slope, located seven blocks north of the 7th Avenue stop on the F and G trains. First reported by DNAinfo, the building would be expanded by 3,254 square feet and would grow from four to six stories. The ground floor would be converted into 455 square feet of retail space and the rest of the expanded structure would have four residential units. There would be one apartment per floor on the second through fourth floors, and a duplex unit on the top two floors. The apartments should average 1,363 square feet apiece, which means condominiums are in the works. Selim Vural’s TriBeCa-based Studio Vural is designing. The property sits outside of Park Slope’s historic districts, so the Landmarks Preservation Commission’s approval is not required.

Pacific Park Developers Consider Building Office Space At 674 Atlantic Avenue, Prospect Heights

11:00 am on February 29, 2016 By Reid Wilson

Earlier this month, the developers behind the Pacific Park mega-development in Prospect Park – a partnership between Greenland Holdings and Forest City Ratner – proposed the idea of transferring 1.1 million square feet of development rights to 590 Atlantic Avenue in order to build a massive office tower. Now, another site is under consideration for an office development, according to DNAinfo. It’s the site at the southwestern corner of Atlantic and Sixth avenues – 674 Atlantic Avenue, or 2 Sixth Avenue. A 764-unit, mixed-income residential building, with a mix of rentals and condos along with retail space, has long been approved for the site. Now the developers are seeking to transfer commercial development rights to the location so a second office building could be built. The Empire State Development Corporation would have to approve the transfer of air rights. The change in plans also requires an environmental study, and the affordable residential units that were expected at the site would be built elsewhere.

ULURP Underway For 13-Story, 63-Unit Mixed-Use Project At 255 East Houston Street, Lower East Side

10:00 am on February 29, 2016 By Reid Wilson

Back in August of 2015, YIMBY reported on applications for a 10-story, 53-unit residential building at 255 East Houston Street, on the Lower East Side, but now landlord Samy Mahfar is taking the project through Urban Land Use Review Procedure (ULURP) in order to build commercial-retail space. According to Bowery Boogie, the latest plans call for 13-story building on East Houston and an eight-story counterpart at 171 Suffolk Street. As proposed, the entire project would encompass 93,015 square feet and includes 7,240 square feet of ground-floor retail space. There would be a total of 63 residential units and 20 percent of them would be rented through the affordable housing lottery. Stephen B. Jacobs Group is designing and completion is tentatively scheduled for 2020. An existing four-story building must first be demolished.

First Look At 86-Story, 245-Unit Mixed-Use Supertall Tower At 45 Broad Street, Financial District

6:30 am on February 29, 2016 By Reid Wilson

Last month, news broke that Madison Equities and Pizzarotti-IBC are planning an 86-story, 245-unit residential tower at 45 Broad Street, in the Financial District, and now The Real Deal has the first look at the 1,100-foot building. CetraRuddy is designing the project, and the renderings are being used in EB-5 materials, which means the design is likely preliminary. The developers are seeking to raise $75 million in financing through the program. The first five floors, or roughly 50,000 square feet, will be dedicated to commercial space, and the residential units will come in studio, one-, two-, and three-bedroom configurations. The project’s 20,000 square feet of amenities will include a pool, a fitness center, an outdoor garden, and lounges with entertainment areas. New building applications and a groundbreaking are expected later this year, with completion slated for 2018. AMS Acquisitions is another partner in the project.

Reveal For Seven-Story, Five-Unit Mixed-Use Project At 207 West 75th Street, Upper West Side

6:00 am on February 29, 2016 By Reid Wilson

Back in July of 2014, YIMBY brought you renderings of the proposed 14-story, 10-unit residential building at 207 West 75th Street, on the Upper West Side. The project required a special permit from the Board of Standards and Appeals, but the developer was unsuccessful in obtaining a variance and the site was eventually unloaded for $13.25 million in 2015. The new developer, Opal Holdings, has since filed applications to expand the existing two-story building into a seven-story, five-unit mixed-use one. Real Estate Weekly now reports a $14.8 million construction loan has been secured for the 20,000-square-foot project. There will be 5,000 square feet of retail on the ground and cellar levels, and full-floor apartments beginning on the second floor. The sixth and seventh floors will contain a five-bedroom duplex penthouse featuring a terrace. Jeffrey Cole Architects is designing.

Foundation Work Underway For 12-Story, 75-Unit Mixed-Use Project At 69 East 125th Street, East Harlem

4:00 pm on February 26, 2016 By Reid Wilson

Last December, renderings surfaced of the 12-story, 75-unit mixed-use building at 69 East 125th Street, in East Harlem, and now foundation work is underway, Harlem+Bespoke reports. The project will encompass 80,619 square feet and will include 5,643 square feet of ground-floor retail space. The residential units will begin on the second floor and should average 767 square feet apiece, indicative of rental apartments. Twenty percent of the units will rent at below market-rates, and amenities will include underground parking for 15 vehicles, laundry, bike storage, residential storage, a fitness center, and rooftop recreational space. Greystone Property Development is the developer with Kutnicki Bernstein Architects designing. Completion is expected in early 2017.

11-Story, 124-Unit Mixed-Use Project Changes Hands At 42-15 Crescent Street, Long Island City

3:00 pm on February 26, 2016 By Reid Wilson

In early 2015, the two-story expansion of the 11-story, 124-unit residential conversion project at 42-15 Crescent Street, in the Queens Plaza section of Long Island City, topped out, and later that year exterior construction largely wrapped up. World Wide Group is now acquiring the project from Meadow Partners for roughly $70 million, according to The Real Deal. World Wide will finish construction on the 111,000-square-foot building, which will have 7,596 square feet of ground-floor retail space. The apartments will be rentals and should average 761 square feet apiece. Amenities will include a lounge, bike storage, a gym, and rooftop recreational space. Avinash K. Malhotra Architects is designing. Completion is expected later this year.

Three-Story Multi-Use Commercial Project Coming To 1374 65th Street, Dyker Heights

2:00 pm on February 26, 2016 By Reid Wilson

Property owner Tiffany Tam, doing business as Staten Island-based Golden Stone Enterprise, has filed applications for a three-story, 6,000-square-foot multi-use commercial building at 1374 65th Street, in northern Dyker Heights, located four blocks from subway stops on the D and N trains. The ground floor of the new building will be entirely retail, the second floor will contain a children’s daycare center, and the third floor will have medical offices. Robert Palermo’s Brooklyn-based Corporate Design of America is the architect of record. The 50-foot-wide plot of land is currently occupied by a two-story brick house. Demolition permits have not yet been filed to knock it down.

Four-Story, 11-Unit Residential Project Planned At 3430 Third Avenue, Morrisania

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

Property owner Franc Gjini has filed applications for a four-story, 11-unit residential building at 3430 Third Avenue, in Morrisania, located on the block between East 166th and 167th streets. The development will measure just 6,518 square feet in total and its residential units will average 593 square feet apiece, indicative of small rental apartments. The ground floor will host two apartments and the floors above will contain three apartments each. Pelham, N.Y.-based Fred Geremia Architects & Planners is the architect of record. The 25-foot-wide lot has long been vacant.

Six-Story, Five-Unit Mixed-Use Building Filed At 193 Henry Street, Lower East Side

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

Property owner Daniel Wise, doing business as an anonymous LLC, has filed applications for a six-story, five-unit mixed-use building at 193 Henry Street, on the Lower East Side, located two blocks from the East Broadway stop on the F train. The development will encompass 8,610 square feet and would replace a dilapidated four-story, 25-foot-wide townhouse, for which demolition permits were recently filed. There will be 1,355 square feet of ground-floor retail space and a small 384-square-foot medical office in the cellar. The full-floor residential units begin on the second floor and will average a specious 1,374 square feet apiece, indicative of condos. The structure will be topped by a rooftop terrace and recreation space. Think Architecture and Design is the architect of record.

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Articles by Reid Wilson

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