Articles by Reid Wilson

Extell Submits Pre-Filings For 57-Story Mixed-Use Tower At 138 Willoughby Street, DoBro

6:30 am on December 16, 2015 By Reid Wilson

Over the summer, Extell Development struck a deal to lease City Point’s phase three development site, located on the northern end of the block at 138 Willoughby Street, in Downtown Brooklyn. Yesterday, SLCE Architects pre-filed for Extell’s planned tower, which will rise 57 stories above street level. The documents are not complete, but the initial filing reveals that the project will include both residential and commercial space, as expected. The deal requires the developer to build a four-story, 65,000 square-foot retail base. The tower will rise 692 feet in height, although it’s not clear if that figure includes any structural rooftop elements. The planned residential units should number in the hundreds, and that will be among the details clarified when SLCE completes the new building applications.

Developer Purchases Mixed-Use Development Site At 129 Beach 116th Street, Rockaway Park

6:00 am on December 16, 2015 By Reid Wilson

An anonymous LLC affiliated to Brooklyn-based Marcel Group has purchased the relatively large block-thru development site at 129 Beach 116th Street, in Rockaway Park, located a block south of the Rockaway Park – Beach 116th Street stop on the A and Rockaway Park Shuttle trains. According to DNAinfo, the developer paid $5 million for the site, which is currently home to a vacant single-story structure. The property could accommodate an eight-story, 114,000 square-foot mixed-use building with up to 16,000 square feet of retail space.

Mixed-Use Redevelopment Planned At Bedford-Union Armory At 1555 Bedford Avenue, Crown Heights

4:00 pm on December 15, 2015 By Reid Wilson

The New York City Economic Development Corporation (EDC) is allowing an undisclosed developer to redevelop the currently vacant, 138,000 square-foot Bedford-Union Armory property at 1555 Bedford Avenue, in western Crown Heights. According to DNAinfo, the former military facility will be transformed into residential units and a recreational facility. The domed portion of the facility will be home to a soccer field, three basketball courts, and a swimming poll, and will be operated by CAMBA. Along President Street, 13 townhouse units will be carved out of the building. The armory is low-rise in nature on its southern street front. Finally, a mixed-income residential building will be built from the ground up on the site’s eastern end. The entire project must pass through ULURP.

Schematic Posted Of Nine-Story, 22-Unit Mixed-Use Project At 181 West 126th Street, Harlem

3:00 pm on December 15, 2015 By Reid Wilson

In early 2014, YIMBY reported on applications for a nine-story, 22-unit mixed-use building at 181 West 126th Street, in Harlem, and now an on-site rendering has been posted, Harlem+Bespoke reports. The project will measure a total 19,942 square feet and includes a 2,430 square-foot ground-floor retail portion. Residential units will begin on the second floor and average 796 square-feet apiece. It will be topped by a 500 square-foot rooftop recreational space, and Great Neck-based Frank Petruso is the architect of record. Indications are that excavation is also imminent.

Condo Conversion Wraps Up At Manhattan House, Former Upper East Side Rental Building

2:00 pm on December 15, 2015 By Reid Wilson

The condominium conversion of the Upper East Side’s Manhattan House – a landmarked 20-story, 584-unit rental complex, located at 200 East 66th Street and built in 1951 – is now wrapping up, the Observer reports. O’Connor Capital Partners shelled out $623 million for the exclusive rental property back in 2005. Today, the complex sports 495 condominiums and an additional 93 rent-stabilized units. Twenty-six of the condos have yet to be sold. Gordon Bunshaft of Skidmore, Owings & Merrill originally design Manhattan House, and Sasaki Associates designed the building’s private garden.

Six-Building, 120-Unit Supportive Housing Redevelopment Underway At 202-04 Hollis Avenue, Hollis

1:00 pm on December 15, 2015 By Reid Wilson

The City’s Human Resources Administration is pushing to make six long-vacant, two-story buildings on Hollis Avenue – between 202nd and 204th Streets, in Hollis Queens – into permanent affordable housing for homeless veterans. The roughly 120-unit complex is in the midst of gut renovations, according to DNAinfo. The Bluestone Group is currently leasing the properties, which span 202-04 to 203-24 Hollis Avenue, from Rita Stark. The buildings are now being furnished, although there’s no word yet on when move-ins can be expected.

Investor Purchases Stake At Planned 14-Story, 156-Key Hotel & Retail Conversion At 86 Trinity Place, FiDi

11:00 am on December 15, 2015 By Reid Wilson

Clarion Partners has purchased a 70 percent stake in the vacant 14-story, 182,000 square-foot American Stock Exchange Building at 86 Trinity Place, in the Financial District. Clarion payed $105 million to GHC Development, and the developer plans to convert the former office building into commercial-retail and a 156-key hotel. Retail space will be located from the ground floor through the fifth floor, while the hotel will be located on the upper floors. A restaurant will be built on the sixth floor. The building’s floor area will technically be expanded, thanks to expansions on the fourth floor, the addition of a fifth floor, and enlargements towards the top of the building. David Nicholson’s Hell’s Kitchen-based SBLM Architects is the architect of record. [The Real Deal]

Seven-Story, 74-Unit Residential Project Officially Tops Out At 51 Jay Street, DUMBO

10:00 am on December 15, 2015 By Reid Wilson

Last week, Brownstoner brought us a construction update on the seven-story, 74-unit residential redevelopment at 51 Jay Street, in DUMBO, and now YIMBY can announce the expansion project has officially topped out. Its residential units average 1,815 square feet apiece and have commanded one of the highest price per-square-foot figures in the neighborhood, selling at $2,083 per-square-foot. The building is nearly 75 percent sold, as reported earlier, and move-ins are expected sometime next summer or fall. Residents will have a slew of amenities available to them, and 1,333 square feet of retail space is planned on the ground floor. Slate Property Group and Adam America Real Estate are the developers, while ODA Architecture designed the project.

High-Rise Condo Tower Planned At Union Theological Seminary, Morningside Heights

6:00 am on December 15, 2015 By Reid Wilson

Union Theological Seminary – located at 3041 Broadway, between West 120th and 122nd Street in Morningside Heights – is proposing to co-develop a condominium tower located on the campus’s northern quadrangle. The seminary would sell 350,000 square feet of air rights in the process, which would go towards a slender tower, potentially rising 35 to 40 stories in height. L&M Development Partners would be the developer, and the profits would go towards a needed $100 million renovation of the aging academic buildings, according to the Wall Street Journal.

Three-Story Office & Retail Conversion Underway At 74 Kent Street, Greenpoint

4:00 pm on December 14, 2015 By Reid Wilson

In mid-2014, Caerus Group acquired the three-story former Eberhard Pencil Factory building at 74 Kent Street, in Greenpoint, for $7.5 million. Now, the developer is converting the landmarked, 17,413 square-foot property into commercial space, according to Commercial Observer. Office space will be located on the second, third, and cellar levels, while retail space will occupy the ground floor. Each floor will feature outdoor space and 6,000 square feet of green space is planned on the roof. Hustvedt Cutler Architects is designing the conversion and completion is expected in the first half of 2016.

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Articles by Reid Wilson

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