Articles by Reid Wilson

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.

City Seeks Developers For 70,000 Square-Foot Commercial Project At 2325 Third Avenue, East Harlem

3:00 pm on December 14, 2015 By Reid Wilson

The City’s Economic Development Corporation and Housing Preservation and Development have launched a request for proposals for the vacant, 7,000 square-foot development site located at 2321-2325 Third Avenue, in East Harlem between East 126th and 127th Streets, according to DNAinfo. The site boasts 70,000 square feet of commercial development rights and is located directly adjacent to the site of a planned 115,000 square-foot proton beam therapy center. The commercial project is just a small portion of the two-block mega-development dubbed E125. The blocks bounded by East 125th through 127th Streets and Second and Third Avenues will eventually be home to 1,000 residential units, up to 700,000 square feet of commercial space and at least 30,000 square feet of community space. 800 of the residential units will rent at below-market rates.

Partial Residential & Hotel Conversion For 22-Story Building At 660 Madison Avenue, Lenox Hill

2:00 pm on December 14, 2015 By Reid Wilson

The Safra family’s JSRE Acquisitions has filed applications to convert part of the 22-story, 475,000 square-foot mixed-use commercial building at 660 Madison Avenue, in Lenox Hill between East 60th and 61st Streets, into residential and hotel units. Beginning on the 10th floor, there will be 54 dwelling units added in total. The hotel portion will be located from floors 10 through 15, although it’s not specified how many of the 54 dwelling units will be part of the hotel. Regardless, the remaining units will be residential and will be located throughout floors 10 through 22. Roof terraces already exist on many of the floors and the top two floors will consists of duplex units.

New Rendering Of 12-Story, 48-Unit Mixed-Use Building Under Construction At 2040 Frederick Douglass Boulevard, Harlem

1:00 pm on December 14, 2015 By Reid Wilson

Last Friday, YIMBY brought you a construction update on the 12-story mixed-use building rising at 2040 Frederick Douglass Boulevard (a.k.a. 285 West 110th Street), in Harlem. Later that day, the New York Times published a new rendering of the project along with updated details. Dubbed Circa Central Park, the building will have 48 condominium units, ranging from 647 square-foot one-bedrooms to 3,348 square-foot five-bedrooms. Three penthouses will top the terraced structure and 10 units will be sold at below-market rates. Many of the units will feature outdoor space, either in the form of private or shared areas. Since November, the structure has risen another floor and completion is expected in 2017.

Five-Story, Five-Unit Residential Building Planned At 399 Prospect Place, Crown Heights

11:00 am on December 14, 2015 By Reid Wilson

Matt Schneider, doing business as an anonymous LLC, has filed applications for a five-story, five-unit residential building at 399 Prospect Place, in the northwestern corner of Crown Heights. The project – located six blocks north of the Eastern Parkway-Brooklyn Museum stop on the 2 and 3 trains – will measure 5,380 square feet in total. The full-floor units will average 1,076 square feet, which means condos are likely. The unit on the fifth floor will also include a sixth-floor penthouse, according to the Schedule A. Douglas Pulaski’s Brooklyn-based Bricolage Designs is the architect of record. Demolition permits were filed in November to knock down the existing two-story, four-unit apartment building.

One Four-Story & Four Two-Story Residential Buildings Filed At 710-718 East 221st Street, Williamsbridge

10:00 am on December 14, 2015 By Reid Wilson

Long Island-based Gagandeep Singh has filed applications for five small residential buildings at 710-718 East 221st Street, in Williamsbridge, located a block north of the 219th Street stop on the 2 and 5 trains. At 710 East 221st Street, a four-story, eight-unit building is planned, with average units measuring a rental-sized 622 square feet apiece. At tax lot nos. 712 to 718, a row of four, smaller two-story buildings will line the street, each containing two residential units. All of the smaller buildings will boast large, full-floor apartments that average roughly 1,750 square feet in size. Pirooz Soltanizadeh’s Jamaica-based Royal Engineering is the applicant of record, and permits were filed in September to demolish the existing two-story house.

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Articles by Reid Wilson

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