Articles by Reid Wilson

109 Gates Avenue

Mixed-Use Renovation Planned For Landmarked 4.5-Story Building At 109 Gates Avenue, Clinton Hill

The neglected 4.5-story building at 109 Gates Avenue, in southern Clinton Hill, has been acquired by an unknown buyer for $2.9 million, according to Brownstoner. The buyer reportedly plans to renovate the landmarked building into luxury rental apartments, with a retail unit on the ground floor. Back in 2003, the LPC approved a restoration of the building to its current state, the first renovation since 1908.

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727 Lafayette Avenue

Four-Story, Six-Unit Residential Building Filed At 727 Lafayette Avenue, Bedford-Stuyvesant

Property owner Cyrous Akhavan has filed applications for a four-story, six-unit residential building at 727 Lafayette Avenue, in central Bedford-Stuyvesant, three blocks east of the G train’s stop at Nostrand Avenue. The building will measure 5,000 square feet, which means units will average 833 square feet. Russell Dance’s Queens-based RLD3 Engineering is the applicant of record, and the site’s dilapidated two-story predecessor was demolished late last year.

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43-50 162nd Street

Three-Story, Two-Unit Mixed-Use Building Planned At 43-50 162nd Street, East Flushing

Henry Cheng, head of 162 Realty Management LLC, has filed applications for a three-story, two-unit mixed-use building at 43-50 162nd Street, in East Flushing, located four blocks from the Broadway station on the LIRR. The building will measure 7,240 square feet, which includes 1,079 and 1,811 square feet of community and retail space, respectively, on the ground floor. On the second and third floors, two full-floor residential units will average a spacious 2,175 square feet. Flushing-based Thee Shiun Ken is the applicant of record, and the site’s two-story predecessor was demolished over the summer.

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Port Authority Bus Terminal

Port Authority Approves Multi-Billion-Dollar Redevelopment of Midtown Bus Terminal

The Port Authority has approved a multi-billion-dollar plan to replace the Port Authority Bus Terminal between 8th and 9th Avenues and West 40th and 41st Streets, in Midtown West, according to the New York Post. The project will cost between $7 and $10 billion dollars, and funding will come from the sale of air rights, residential units, and commercial spaces. A design competition is expected to be held, and a team will be chosen by September of 2016.

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45 Broad Street

Developers Close On 45 Broad Street, Plan 65-Story Condo Tower, Financial District

Back in August, YIMBY brought you news that Madison Equities was in contract for the development site at 45 Broad Street, in the Financial District, and now the developer has closed on the property for $86 million. Madison Equities is partnering with Pizzarotti-IBC to build a 65-story condominium tower, potentially totaling 290,000 square feet. AMS Acquisitions is also a minority investor, and Cetra/Ruddy is designing the project. Completion of the tower is tentatively scheduled by 2019.

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