Articles by Reid Wilson

Developer Acquires Commercial Property Within Proposed Williamsburg Enhanced Business District

10:00 am on February 12, 2016 By Reid Wilson

Simon Baron Development has acquired the two-story commercial property at 12 Franklin Street, in southern Greenpoint, for $24 million, according to The Real Deal. Located six blocks from the Nassau Avenue stop on the G train, the property is within the proposed Enhanced Business District, which would allow developers to trade light manufacturing space for extra office space in the North Williamsburg Industrial Business Zone. Before proposing to build anything, Baron is waiting to see how well the proposed rezoning works. Under current zoning, the property could accommodate a new 55,500 square-foot commercial building, or if community facility space is included, a 133,320 square-foot building.

Developer Successfully Assembles Air Rights For Supertall Mixed-Use Tower At 80 South Street

6:30 am on February 12, 2016 By Reid Wilson

This past summer, the U.S. branch of Beijing-based China Oceanwide Holdings made a deal with Howard Hughes Corp. to acquire the development site at 80 South Street, in the Financial District, for $390 million. Now Curbed reports the developer has received approval from the City Planning Commission to transfer 426,940 square feet of air rights to the site. That means a mixed-use building of up to 1,067,350 square feet could be built, of which 512,300 square feet could contain residential units. That could mean a supertall tower at the site along the South Street Seaport. Applications have not been submitted to the Department of Buildings yet, but the latest document suggest the developer will be taking full advantage of the site and a large commercial component is being planned. A design architect has not yet been revealed. A number of low- and mid-rise buildings would first have to be demolished.

Official Renderings Revealed Of Nordstrom Tower’s Retail Base Under Construction At 217 West 57th Street

6:15 am on February 12, 2016 By Reid Wilson

Last week, YIMBY brought you a sneak peak of the glassy façade that will eventually be installed on Extell Development’s 95-story, 1,550-foot-tall condominium tower (officially Central Park Tower), currently under construction at 217 West 57th Street in Midtown. The supertall will boast Nordstrom’s first Manhattan flagship store, and now the Seattle Times has revealed official renderings of the building’s retail podium. The Seattle-based department store will span 363,000 square feet across eight stories (three below grade) in the development.

50,000 Square-Foot ‘New Lab’ Office Building To Open This Summer at Brooklyn Navy Yard

6:00 am on February 12, 2016 By Reid Wilson

The city has announced it will open two business hubs totaling 100,000 square feet this summer as part of its UrbanTech NYC program, according to Crain’s. One of them will be a 50,000 square-foot building in the Brooklyn Navy Yard, dubbed New Lab. The facility, which is currently being renovated, will offer affordable commercial rents to companies in search of office and/or manufacturing space. The other 50,000 square-foot location is at Grand Central Terminal, and companies will have to apply and then be selected to lease space. Macro Sea is developing – and designing in-house – the Brooklyn Navy Yard’s facility, and the New York City Economic Development Corporation (NYCEDC) is behind the initiative.

Developer Renovating Two-Story, 22,000 Square-Foot Commercial Property At 44-16 23rd Street, Long Island City

4:00 pm on February 11, 2016 By Reid Wilson

The Midtown-based Hakimian Organization has sign a 99-year ground lease for the two-story, 22,254-square-foot commercial building at 44-16 23rd Street, in the Court Square section of Long Island City. The developer is planning to gut-renovate the property and redesign the exterior, according to The Real Deal. JRT Realty Group, who will be leasing the space, is considering a restaurant, retail, a gym, or office space, depending on the anchor tenant. The property owner is 44-16 23rd Operating Company.

Four Small Buildings Totaling 10 Residential Units Planned At 2100 Powell Avenue, Unionport

3:00 pm on February 11, 2016 By Reid Wilson

Bronx-based Esha Group has filed applications for four, small three-story residential buildings at 2100-2106 Powell Avenue, in the East Bronx’s Unionport neighborhood, located five blocks from the Parkchester stop on the 6 train. Two of the buildings will measure 3,363 square feet and have three units each, while the other two will measure 2,509 square feet and contain two units each. Across the entire development, residential space will total 8,902 square feet and individual units will average 890 square feet apiece. Akeeb Shekoni’s Long Island-based Askon Architects is the architect of record. An existing three-story building on the corner of Olmstead Avenue must first be demolished.

New Developer To Build 12,000-Square-Foot Commercial Project At 71-53 Austin Street, Forest Hills

2:00 pm on February 11, 2016 By Reid Wilson

The Jackson Group and A&H Acquisitions have sold the 1,630 square-foot development site at 71-53 Austin Street, in Forest Hills, to Austin Prop LLC for $8.7 million. According to Commercial Observer, the Little Neck-based investor plans to build a commercial building with a ProHealth urgent care medical facility. The vacant site can accommodate a new development of up to 20,000 square feet, although it appears a 12,000 square-foot building is planned. ProHealth signed a lease to occupy 75 percent of the project back in 2013. The site is located three blocks from the Forest Hills – 71st Avenue stop on the E, F, M, and R trains.

Four Three-Story, Three-Unit Residential Buildings Planned At 188-25 Woodhull Avenue, Hollis

1:00 pm on February 11, 2016 By Reid Wilson

Guy Iber, doing business as an anonymous Brooklyn-based LLC, has filed applications for four three-story, three-family residential buildings at 188-21 – 188-27 Woodhull Avenue, in Hollis, located three blocks from the neighborhood’s Long Island Rail Road station. Each structure will measure 5,207 square feet, although the residential space across the entire development will add up to 15,624 square feet. That means full-floor units will average a family-sized 1,302 square feet apiece. Akeeb Shekoni’s Queens-based Askon Architects is the architect of record. Permits were filed last September to demolished the existing two-and-a-half-story house.

12-Story Mixed-Use Residential Project Proposed At 107-18 70th Road, Forest Hills

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

An unknown developer, doing business as an anonymous LLC, is proposing to build a 12-story mixed-use development at 107-18 70th Road, in Forest Hills, right around the corner from the Forest Hills – 71st Avenue stop on the E, F, M, and R trains. According to DNAinfo, the developer is currently seeking a special permit to build the project, which would normally be capped at seven stories in height. The proposal includes ground-floor commercial-retail space and an above-ground garage. It would replace a strip of restaurants currently operating in a single-story building at the site. The developer was scheduled to meet with Community Board 6 last night to discuss the project.

Five-Story, Six-Unit Mixed-Use Building Filed At 1138 Manhattan Avenue, Greenpoint

10:00 am on February 11, 2016 By Reid Wilson

Property owner Tahira Chaudhry has filed applications for a five-story, six-unit mixed-use building at 1138 Manhattan Avenue, in northern Greenpoint, located at the corner of Box Street. It will encompass 9,648 square feet and will feature 1,180 square feet of retail space on the ground floor. Residential units will begin on the second floor and should average 995 square feet apiece. There will be two units per floor on floors two and three, another unit on part of the fourth floor, and a duplex units on the rest of the fourth floor and the entire fifth floor. Fresh Meadows-based Jamil Coppin is the architect of record. An existing three-story townhouse must first be demolished.

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Articles by Reid Wilson

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