Articles by Reid Wilson

Developer, SCA Reach Deal At Planned Mixed-Use Development At 42 Trinity Place, Financial District

10:00 am on January 26, 2016 By Reid Wilson

Early last year, YIMBY brought you conceptual renderings of the possible supertall mixed-use tower that could rise at 42 Trinity Place, in the Financial District. Now the developer, Trinity Place Holdings, reached a deal with the city’s School Construction Authority (SCA) to build an elementary school in the base of the building, Tribeca Trib reports. The public school will boast 476 seats and a design is expected to be released of it this upcoming summer. In 2013, the city put forth $27.5 million in its budget to build a new school in the Financial District. The scope of the entire project has yet to be revealed, but it could potentially measure upwards of one million square feet and have retail, hotel, and residential components. Multiple buildings must first be demolished.

Four-Story, 35,000 Square-Foot Retail Project Planned At 257-263 West 34th Street, Midtown

6:00 am on January 26, 2016 By Reid Wilson

Cornell Realty Management is planning to build a four-story, 35,000 square-foot retail project at 257-263 West 34th Street, in the Garment District, according to Crain’s New York Business. According to The Real Deal, which reported on the assemblage last month, Chetrit Group and Cornell Realty acquired the three-story retail building at 261-263 West 34th Street together last March for an undisclosed amount. 259 West 34th Street was also recently acquired for $20.5 million. Chetrit and Cornell have since cut their partnership and, through a deal, have split their properties into separate ownerships. Cornell’s retail project will be clad in glass and construction is expected to begin sometime this year. A total of three small retail buildings must first be demolished.

Financing Complete For 25-Story, 115-Unit Mixed-Use Project At 565 Broome Street, Hudson Square

4:00 pm on January 25, 2016 By Reid Wilson

Over the summer summer, YIMBY partially revealed renderings for the planned 25-story, 115-unit residential building at 565 Broome Street (a.k.a 100 Varick Street), in Hudson Square. The developers have now secured a $320 million construction loan for the project, according to Crain’s, and Cindat (the U.S. branch of Beijing-based China Cinda Asset Management Co.) also acquired a $135 million stake in the project. The development team – SHVO, Bizzi & Partners Development, Halpern Real Estate Ventures, Aronov Development, and Itzhaki Acquisitions – recently acquired the two-story annex at 555 Broome for $9 million, completing the assemblage.

Reveal For Six-Story, 71-Unit Mixed-Use Building At 165 Huguenot Street, New Rochelle

3:00 pm on January 25, 2016 By Reid Wilson

Last October, YIMBY brought you news that Anup Misra, head of East & Hudson Real Estate, is developing a six-story, 71-unit mixed-use building at 165 Huguenot Street, in downtown New Rochelle. Now, the Daily Voice has a rendering of the project, dubbed the Print House. The 64,000- square-foot building will feature studio, one-, and two-bedroom rental apartments, measuring between 500 and 975 square feet apiece. There will also be 3,000 square feet of ground-floor retail space. The New Rochelle Industrial Development Agency recently approved a 12-year Payment in Lieu of Taxes (PILOT) structure for the project, which is a tax incentive. An existing two-story commercial building must first be demolished. Construction is expected to begin this spring, with completion scheduled in 2017. Magnusson Architecture & Planning is behind the design.

Request For Proposals Released For Mixed-Use Development Site At 2870 Webster Avenue, Bedford Park

2:00 pm on January 25, 2016 By Reid Wilson

The New York Botanical Garden has released a Request for Proposals (RFP) for a mixed-use development assemblage at 2856-2870 Webster Avenue and 412 Bedford Park Boulevard, in Bedford Park. According to Curbed NY, the site could accommodate roughly 300 residential units, in addition to a 125-plus-key hotel and at least 12,000 square feet of retail. The site is located right above the Metro-North Railroad’s Botanical Garden station and currently consists of multiple low-rise commercial buildings. Proposal submissions are due on March 1, and the Garden is hoping to choose a developer before April.

Four Two-Story, Two-Unit Residential Buildings Filed At 221 Conklin Avenue, Canarsie

1:00 pm on January 25, 2016 By Reid Wilson

Sam Manshari, head of a Fresh Meadows-based anonymous LLC, has filed applications for four two-story, two-unit residential buildings at 1068-1070 East 98th Street and 217-221 Conklin Avenue, in Canarsie, located a block south of the Canarsie – Rockaway Parkway stop on the L train. The two buildings on East 98th Street will have 1,887 square feet of residential space each, which means full-floor units at those addresses will average 944 square feet apiece. On Conklin Avenue, the buildings will each measure 2,740 square feet, so full-floor units there will average 1,370 square feet apiece. Queens-based Gerald Caliendo is the architect of record. The L-shaped property assemblage is currently vacant.

City Council Approves Sale For 344-Unit Redevelopment Of New York City Farm Colony, Staten Island

11:00 am on January 25, 2016 By Reid Wilson

In late 2014, the Landmarks Preservation Commission approved the 45-acre residential redevelopment of the dilapidated 96-acre New York City Farm Colony campus, located centrally on Staten Island. Last week, the City Council approved plans to sell 45 acres of the property to NFC Associates, the New York Times reports. The Staten Island-based developer will rehabilitate five existing buildings, demolish five others, build 14 multi-unit townhouses, and also build three six-story residential buildings. Dubbed Landmark Colony, there will be a total of 344 condominiums, 34 of which will be sold at below-market rates, but all of which will be home to people 55 and older. Of the 45 redeveloped acres, 17 acres will be landscaped public space, and 17,000 square feet of commercial space is planned. Vengoechea & Boyland Architecture is designing, and units will begin to come online next year.

First Phase Of Cornell Tech’s Roosevelt Island Campus Makes Significant Progress

10:00 am on January 25, 2016 By Reid Wilson

YIMBY last brought you a construction update in September, when foundation work was just wrapping up on multiple buildings of Cornell Tech’s planned Roosevelt Island campus. Since then, phase one’s academic buildings and residential tower have risen in the form of steel beams and concrete pours, respectively. Now, Snøhetta has been tasked to design the Verizon Executive Education Building, The Real Deal reports. It will be a conference center and is included in the first construction phase, which is due for completion in mid-2017. The other three buildings going up are the Bloomberg Center, The Bridge, and CornellTECH Residential, which are being designed by Morphosis Architecture, Weiss/Manfredi Architecture, and Handel Architects.

Three World Trade Center Rises Into The Sky At 175 Greenwich Street, Financial District

6:30 am on January 25, 2016 By Reid Wilson

YIMBY last brought you news of Three World Trade Center, at 175 Greenwich Street in the Financial Distinct, in August when we revealed the height of the 80-story office tower was reduced to 1,079 feet. Since then, when the concrete core had reached roughly the half-way point, the tower has risen significantly, as seen in photos by Tectonic. The core is now closing in on the neighboring Four World Trade Center, which stands 977 feet in height. Steel work is occurring roughly halfway up the tower, and fireproofing and glass installation is taking place on the lower levels. There will be 150,000 square feet of retail space across five floors in the 2.8-million-square-foot building. Silverstein Properties is developing the tower, Rogers Stirk Harbour + Partners is designing it, and completion is expected in 2018.

Plans For Five-Story, 20,000 Square-Foot Mansion Revealed At 11 Hubert Street, TriBeCa

6:00 am on January 25, 2016 By Reid Wilson

Maya Lin Studio and Bialosky + Partners Architects are designing a five-story, 20,000 square-foot mansion at 11 Hubert Street, in TriBeCa, TribecaTrib reports. The building would be clad in metal, glass, and limestone, and features five bedrooms with typical residential accessories, a landscaped courtyard, and a 5,000 square-foot fitness center. The family for which the home would be built remains anonymous, but $15 to $16 million would be spent to develop the property. The site is located within the North Tribeca Historic District, so the Landmarks Preservation Commission would have to approve the plans. The existing three-story mixed-use structure would not be demolished, rather expanded and built upon.

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Articles by Reid Wilson

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