Articles by Reid Wilson

Developer Acquires 993 Sixth Avenue, Approvals For 18-Story, 122-Key Hotel, Midtown

12:00 pm on October 27, 2015 By Reid Wilson

Empire Hotel Group has sold the development site at 993 Sixth Avenue, between West 36th and 37th Street, in Midtown, to an anonymous LLC for $54.3 million. Permits have been approved since 2014 for an 18-story, 122-key hotel, which would measure 44,330 square feet. Edgar Rawlings’ Lower Manhattan-based Rawlings Architects is the architect of record. The site’s two-story predecessor was demolished late in 2014 and the property currently sits vacant. [The Real Deal]

Six-Story, Six-Unit Residential Project Rises At 64 East 1st Street, East Village

11:00 am on October 27, 2015 By Reid Wilson

Last summer, construction kicked off at 64 East 1st Street, in the East Village, where MGM Property Group and Ekstein Development are building a six-story, six-unit residential building, and now steel-frame construction is up to the third floor, according to EV Grieve. The full-floor condominiums, which average 2,185 square feet, will have two-bedroom configurations and outdoor terraces. GF55 Partners is designing, and completion is expected in 2016.

Reveal For Conversion Of Eight-Story Correctional Facility At 550 West 20th Street, West Chelsea

10:00 am on October 27, 2015 By Reid Wilson

Back in February of 2014, a number of developers toured the former Bayview Correctional Facility, an eight-story, 100,000 square-foot complex, at 550 West 20th Street, in West Chelsea, after the city issued a request for proposals just months earlier. Now, Empire State Development has awarded NoVo Foundation a 99-year lease to redevelop the property, according to Commercial Observer. NoVo Foundations and the Goren Group plan to transform the building into the Women’s Building, which will house a women’s rights organization. The project will include community space, art installations, and a restaurant.

Developers Now Plan 11-Story, 44-Unit Condo Project At 275 Fourth Avenue, Park Slope

6:30 am on October 27, 2015 By Reid Wilson

Late last winter, Slate Property Group and Adam America Real Estate began excavation on their planned 11-story, 78-unit rental building at 275 Fourth Avenue/251 1st Street, in Park Slope, located four blocks south of the Union Street stop on the R train. But now, the developers are turning the residential project into 44 condominiums. Ground-floor retail and health care spaces are still planned, which will measure 4,476 and 300 square feet, respectively. ODA Architecture is designing, and sales are expected to launch in early 2016.

Expansion Tops Out At 19-Story, 140-Unit Extended-Stay Hotel At 84 William Street, Financial District

6:00 am on October 27, 2015 By Reid Wilson

Korman Communities, Shorewood Real Estate Group, and Prodigy Network have recently topped out their 19-story, 140-unit extended-stay hotel building at 84 William Street, in the Financial District, courtesy of a YIMBY reader. The AKA brand will manage the building, and guest suites will range from a few hundred square feet to 1,000 square feet. In addition to the hotel lobby, retail space and a restaurant will be located on the ground floor. Asfour Guzy Architects is designing, and completion can probably be expected in early 2016.

Four-Story Self-Storage Facility Coming To 45-26 51st Street, Sunnyside

4:00 pm on October 26, 2015 By Reid Wilson

James Coakley, doing business as an anonymous LLC, has filed applications for a four-story, 65,900 square-foot self storage facility at 45-26 51st Street, in Sunnyside, two blocks south of the 7 train’s stop at 52nd Street. The building will have 34,141 square feet of commercial space for rentable storage use. Virginia-based Butz Wilbern, LTD, is the applicant of record, and an existing single-story warehouse building must first be demolished.

Three-Story, Six-Unit Residential Project Planned At 209 McKinley Avenue, Cypress Hills

3:00 pm on October 26, 2015 By Reid Wilson

Brooklyn-based S R Builders has filed applications for a three-story, six-unit residential building at 209 McKinley Avenue, in eastern Cypress Hills, located five blocks from the Grant Avenue stop on the A train. The building will measure 6,080 square feet, which means units will average a relatively spacious 1,013 square feet. Arnold Montag’s Great Neck-based AM/PM Design is the architect of record, and the site’s former two-story wood-frame building was demolished back in 2008.

Eight-Story, 44-Unit Mixed-Use Building Now Rising At 100 Avenue A, East Village

2:00 pm on October 26, 2015 By Reid Wilson

In the beginning of September, concrete and rebar rose from the ground at 100 Avenue A, in the East Village, where Ben Shaoul initially planned a six-story, 29-unit residential building with retail space. EV Grieve points out the building has climbed to an unexpected seventh floor, and, per the DOB, an eighth floor is on the way. The building will now contain 44 residential units, averaging 735 square feet, and Blink Fitness is expected to take 12,000 square feet on the ground floor. Issac & Stern Architects have designed the project, and completion is expected next year.

First Two Affordable Buildings Top-Out At Greenpoint Landing

1:00 pm on October 26, 2015 By Reid Wilson

Toward the end of last spring, YIMBY brought you a construction update on the first two affordable housing components for the 5,500-unit Greenpoint Landing megaproject, in northern Greenpoint along the waterfront. At the time, foundation work was underway at 33 Eagle Street, where a seven-story, 98-unit residential building is planned, and now the building appears to have topped out, per Brownstoner.

Nine-Story Building At 5 East 59th Street Getting Office & Retail Conversion, Midtown

12:00 pm on October 26, 2015 By Reid Wilson

GreenOak Real Estate and Capstone Equities are transforming the nine-story, 40,000 square-foot former Playboy Club building at 5 East 59th Street, right around the corner from Central Park, into an eight-story structure fitted for a single commercial tenant, according to Commercial Observer. The building will feature retail and showroom space on the lower levels, and office space on the upper floors. The property was purchased for $85 million over the summer, and Newmark Grub Knight Frank are marketing the building’s lease.

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Articles by Reid Wilson

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