Articles by Reid Wilson

126 Forsyth Street

Four-Story Church At 126 Forsyth Street Seeking Partner For New Mixed-Use Building, Lower East Side

The Spanish Delancey Seventh Day Adventist Church, located at the four-story building at 126 Forsyth Street, on the corner of Delancey Street on the Lower East Side, is looking for a development partner that would demolish the existing structure for a new building. The 5,000 square-foot lot could accommodate a new mixed-use building of up to 32,500 square feet, where a maximum of 27,000 square feet could be used as residential space. The lot is subject to a 120-foot height cap, according to Curbed NY. The church is requiring the first three floors of the new building to be designed, owned, and operated by the church as a house of worship, although zoning allows for retail space to be built as well. It should be noted that the rest of the building could potentially end up being a hotel or office space if a developer chooses against building residential units.

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225 East 39th Street

36-Story, 372-Unit Residential Building Rises At 225 East 39th Street, Murray Hill

In 2014, YIMBY revealed renderings of the planned 36-story, 372-unit residential building at 225 East 39th Street (a.k.a. 222 East 40th Street), in Murray Hill, and then foundation work began last summer. Thanks to photos by Tectonic, we can see the structure is now 16 stories above street level and rising. When the building is completed in the spring of 2017, it will encompass 373,248 square feet, with 343,187 square feet being used as residential space. The rental apartments will average 922 square feet apiece, and amenities include a fitness facility, children’s playroom, lounges, a café, a library, a courtyard garden, and a 35th-floor rooftop deck. Twenty percent of the apartments will rent at below-market rates. Fisher Brothers is developing the project and Handel Architects is designing it.

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135 Sackett Street

Three Four-Story, Three-Unit Residential Buildings Planned At 135 Sackett Street, Columbia Street Waterfront District

Elizabeth McDonald, doing business as an anonymous LLC, has filed applications for three four-story, multi-family residential buildings at 135-139 Sackett Street, in the Columbia Street Waterfront District, located seven blocks from the Carroll Street stop on the F and G trains. Each of the buildings will contain three residential units and will individually measure between 4,178 and 4,196 square feet. It appears each unit will spread across at least an entire floor, although each building also has a penthouse on the fourth floor. The penthouse space will probably be attached to the third-floor unit. Across the entire development, units should average 1,395 square feet apiece, so condos are definitely in the works. New Jersey-based Schneider Associates is the applicant of record.

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410 West 207th Street

Developers Plan 48,000 Square-Foot Retail Redevelopment At 410 West 207th Street, Inwood

In December, Taconic Investment Partners and Cogswell-Lee Development Group acquired the ground-lease of 410 West 207th Street, in Inwood. According to Commercial Observer, the developers plan to redevelop the property into commercial-retail space. The site is currently occupied by a single-story, 34,000 square-foot vacant supermarket, formerly a Pathmark. The structure will be renovated to accommodate a new 20,000 square-foot supermarket and multiple smaller retailers. In addition, a 14,000 square-foot retail annex will be built on a section of the parking lot. When construction is completed later this year, parking will be reduced from 200 to 120 car spaces. The property can accommodate a 240,000 square-foot residential development with retail space, although plans for such proposal are not finalized. It sits a stone’s throw away from the 207th Street stop on the 1 train.

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61-63 Crosby Street

Developer Plans Four-Story Office, Retail Conversion At 61-63 Crosby Street, SoHo

Chicago-based L3 Capital has acquired the four-story, 20,600-square-foot mixed-use property at 61-63 Crosby Street, in SoHo, for $42 million. The new owner plans to convert the building into office space, although the ground-floor will remain as retail space. The co-op building has seven apartments, which will all be vacated before the sale closes, according to The Real Deal. The property comes with 3,300 square feet of air rights, which could be used in an expansion. Any alterations to the buildings will have to be approved by the Landmarks Preservation Commission because they sit within the SoHo-Cast Iron Historic District Extension.

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