Articles by Reid Wilson

Five-Story, 16-Unit Mixed-Use Project Planned At 737 Liberty Avenue, East New York

4:00 pm on February 19, 2016 By Reid Wilson

Sasson Properties has filed applications for a five-story, 16-unit mixed-use building at 737 Liberty Avenue, in East New York, located two blocks equidistant from subway stops on either the J or C trains. The development will measure 21,856 square feet in total and will include 3,029 square feet of ground-floor retail space. Beginning on the second floor, there will be four residential units per floor. Apartments will average a relatively spacious 835 square feet apiece and will likely be rentals. The cellar will contain eight parking spots, which is the minimum required under zoning. Sandor Weiss’s Brooklyn-based Gelu Durus Musica is the applicant of record. Three- and two-story buildings, at 737 and 735 Liberty Avenue respectively, must first be demolished.

Foundation Work Underway At Six-Story, 24-Unit Residential Building At 11-30 45th Road, Long Island City

3:00 pm on February 19, 2016 By Reid Wilson

In the summer of 2014, YIMBY revealed renderings of the six-story, 24-unit residential building planned at 11-30 45th Road, in the Hunters Point section of Long Island City. Building applications were filed in December of that year and we last reported that excavation equipment arrived on site in October of 2015. The Court Square Blog now reports foundation work is underway. The new building will encompass 31,729 square feet and apartment units will average 931 square feet apiece. There will be 14 parking spaces on the ground floor and the structure will be topped by a penthouse for tenants’ recreational use. Century Development Group is developing the project and Flushing-based Raymond Chan is designing it. Completion is anticipated for the summer of 2017.

Seven-Story, 27-Unit Residential Project Filed At 824 Metropolitan Avenue, Williamsburg

2:00 pm on February 19, 2016 By Reid Wilson

Queens-based Zios Sachtouris has filed applications for a seven-story, 27-unit residential building at 824 Metropolitan Avenue, in central Williamsburg, located three blocks east of the Graham Avenue stop on the L train. The project will total 23,166 square feet and the residential units will average a rental-sized 737 square feet apiece. The cellar will have laundry, storage space for tenants, and a recreation room, and each floor from the ground through the sixth level will contain five or four apartments. The seventh floor will contain a single unit. Anthony Villano’s Brooklyn-based ACV Architecture is the architect of record. The 50-foot-wide lot is currently vacant.

Eight-Story, 39-Unit Apartment Building Filed At 240 East 178th Street, Mount Hope

1:00 pm on February 19, 2016 By Reid Wilson

Kim Tasher of SKF Development has filed applications for an eight-story, 39-unit residential building at 240 East 178th Street, in Mount Hope, located around the corner from the Tremont Avenue stop on the B and D trains. The project will encompass 27,603 square feet and its residential units, which appear to be market-rate, will average a rental-sized 648 square feet apiece. The new building will include laundry and a 782-square-foot recreation area in the cellar. Mohammad Badaly’s Mount Vernon-based Badaly Architects is the architect of record. The 50-foot-wide lot is currently occupied by a two-story wood-frame house, for which demolition permits have not been received.

Foundation Works Begins For 27-Story, 168-Unit Residential Project At 27-19 44th Drive, Long Island City

11:00 am on February 19, 2016 By Reid Wilson

On-site renderings were revealed in November for the 27-story, 168-unit residential building under development at 27-19 44th Drive, in the Court Square section of Long Island City. Now, The Court Square Blog reports foundation work has just begun. Earlier this month, developer Twining Properties and investment parter CBD secured $70 million in financing for the project, which is being dubbed Watermark Court Square. The new building will measure 151,021 square feet in total and will include 2,807 square feet of ground-floor retail. The apartment units will average 730 square feet apiece and come in studio, one-, and two-bedroom configurations. Handel Architects is the architect of record. Completion is expected in the fall of 2017.

41-Story, 670,000-Square-Foot Office Tower At 425 Park Avenue Lands Anchor Tenant, Midtown

10:00 am on February 19, 2016 By Reid Wilson

In late 2014, YIMBY brought you new renderings of the Foster + Partners-designed 41-story, 897-foot-tall office tower under development at 425 Park Avenue, between East 55th and 56th streets in Midtown, and now project has secured its anchor tenant with a city-wide record-breaking lease. According to Real Estate Weekly, Chicago-based Citadel will take roughly 200,000 square feet in the 670,000-square-foot building, with rents as high as $300 per square foot on the tower’s penthouse floors. The project, being developed byL&L Holding and GreenOak Real Estate, is aiming for L.E.E.D. Gold and WELL certifications. This past summer, the developers secured a $556 million construction loan and the site’s 32-story office predecessor has since been significantly demolished. The lower portion of the existing structure will be utilized in the new building and completion is expected in late 2018.

Bronx Borough President Proposes Upgrading Pelham Bay Park’s Orchard Beach Pavilion

6:00 am on February 19, 2016 By Reid Wilson

Bronx Borough President Ruben Diaz Jr. is proposing to redevelop the Orchard Beach pavilion, an individual landmark, that currently serves as the focal point for Pelham Bay Park, in the East Bronx. The structure, which was completed in 1936, would be transformed to allow for more event space, food concessions and retail space, according to The Real Deal. Nearby the pavilion, the park includes picnic areas, the Pelican Bay Playground, and a beachfront. The pavilion portion of the project is being estimated to cost $40 million, although plans have been in the works for some time to upgrade the rest of the beach, which could cost up to $200 million in total. Diaz has designated $10 million in capital toward the project. The Landmarks Preservation Commission would have to approve any alterations to the Orchard Beach pavilion.

RKO Keith’s Theater Mixed-Use Development Site Being Placed Back On The Market, Flushing

4:00 pm on February 18, 2016 By Reid Wilson

In 2013, Jerry Karlik’s JK Equities acquired the RKO Keith’s Theatre, an individual landmark at 135-27 – 135-35 Northern Boulevard in Downtown Flushing, for $30 million. The developer received approval to redevelop the severely dilapidated structure in 2015, but now Karlik is putting the development site back on the market, Crain’s reports. A new developer could build a 16-story, 269-unit mixed-use building with 24,493 and 15,727 square feet of commercial and community facility space, respectively. A buyer could also take advantage of a previously granted tax break. Studio V Architecture was behind JK Equities’ proposal, although a new owner could always choose to design a different building and go back to the Landmarks Preservation Commission for approval. Cushman & Wakefield is marketing the site.

Two Four-Story, Eight-Unit Residential Buildings Filed At 83 Stanhope Street, Bushwick

3:00 pm on February 18, 2016 By Reid Wilson

Isaac Silber, doing business as an anonymous Brooklyn-based LLC, has filed applications for two four-story, eight-unit residential buildings at 83-85 Stanhope Street, in central Bushwick, located three blocks from the Central Avenue stop on the M train. Each of them will have 5,457 square feet of residential space, which means units will average a rental-sized 682 square feet apiece. Each building will also have a fifth-floor penthouse level to which one of the fourth-floor units will have access. Midtown East-based Michael Avramides is the architect of record. Two two-story townhouses must first be demolished.

Foundation Work Underway For Six-Story, 40-Unit Medical Office Building At 5521 Eighth Avenue, Sunset Park

2:00 pm on February 18, 2016 By Reid Wilson

In October of 2014, YIMBY revealed renderings of the planned six-story, 40-unit multi-use commercial building at 5521 Eighth Avenue, on the corner of 56th Street in Sunset Park, located seven blocks north of the N train’s stop on Eighth Avenue. The Brooklyn Daily Eagle reports foundation work is now underway on the 81,569 square-foot project, which will include 36 medical offices and four retail units. The retail space will measure 13,003 square feet in total and will span the ground floor and a mezzanine level. The medical offices will begin on the second floor and should average 1,180 square feet apiece. Flushing-based Andy Wong filed documents with the Attorney General’s office in January, which indicated the project is being valued at $76.3 million. Raymond Chan is designing and completion in 2017 seems likely.

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Articles by Reid Wilson

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