Articles by Reid Wilson

Air Rights Assembled For 24-Story, 246-Key Hotel At 250 West 49th Street, Midtown

2:00 pm on August 13, 2015 By Reid Wilson

The Hakimian Organization, partnered with Gorjian Properties, is acquiring 16,000 square feet of air rights for their planned 24-story, 246-key hotel building at 250 West 49th Street, in Midtown’s Theater District. The existing eight-story building is to be converted into the hotel’s lower portion, while a 16-story expansion will be placed on top, topping out at 279 feet in height. The 94,850 square-foot structure will also feature retail on the ground floor. Gillman Consulting Inc. is the applicant of record.

Seven-Story, 18-Unit Market-Rate Residential Project Filed At 3109 Buhre Avenue, Pelham Bay

12:30 pm on August 13, 2015 By Reid Wilson

Sharon Hakmon, head of Kew Gardens-based H Holding Group, has filed applications for a seven-story, 18-unit residential building at 3109 Buhre Avenue, in Middletown-Pelham Bay. Located in the East Bronx, three blocks from the 6 train’s Buhre Avenue stop, the building will measure 19,768 square feet. That means market-rate unit will average nearly 1,100 square feet a piece. The prolific Queens-based Gerald Caliendo is the architect of record, and demolition permits were filed in July to remove the existing two-family home.

Four-Story Retail Redevelopment Underway At 160-16 Jamaica Avenue, Jamaica Center

11:00 am on August 13, 2015 By Reid Wilson

United American Land is currently redeveloping three buildings in Jamaica at 161-02, 160-08 and 160-16 Jamaica Avenue, two blocks from the E, J and Z trains’ stop at Jamaica Center/Parsons Boulevard. According to the New York Post, the structures will be connected and transformed into one four-story, 150,000 square feet commercial-retail building. Unfortunately, the 10-story building at No. 160-16 will be shortened to four stories, but No. 160-08 will retain its façade and expand by one story. Burlington Coat Factory is leasing 70,000 square feet on the upper floors, and opening is expected early in 2017. GreenbergFarrow is designing.

Reveal For 17-Story, 134-Unit Mixed-Use Building At 810 River Avenue, South Bronx

10:00 am on August 13, 2015 By Reid Wilson

Renderings have surfaced for M. Melnick & Company’s planned 17-story, 134-unit mixed-use building at 810 River Avenue, in the Concourse, a block from the B, D and 4 trains’ stop at 161st Street/Yankee Stadium. Per Curbed, the building will measure 151,250 square feet in total, and will feature 24,560 and 1,680 square feet of retail and community space, respectively, across the first two stories. Apartments will average 933 square feet, and SLCE Architects is designing. Excavation work is currently underway.

Excavation Work Imminent At 80 Essex Street, Site of 24-Story, 195-Unit Mixed-Use Building On LES

6:30 am on August 13, 2015 By Reid Wilson

At the beginning of the year, YIMBY revealed the first few buildings in the Essex Crossing development on the Lower East Side, including the 24-story, 195-unit mixed-use building planned at 115 Delancey Street/80 Essex Street. In the spring, demolition was underway to remove the old Essex Street Market building, and now excavation appears imminent, per Bowery Boogie. Handel Architects is designing, and a Regal movie theater, the Essex Street Market, and an urban farm will occupy the building’s base. Completion is expected in 2018.

Foundation Work Underway At 55 Hudson Yards, Midtown West

6:00 am on August 13, 2015 By Reid Wilson

YIMBY first revealed Related’s 51-story, 1.3-million square-foot office building dubbed 55 Hudson Yards in May of 2014, and then we brought you an excavation update earlier this spring. Today, per Curbed, foundation work is well underway. Kohn Pedersen Fox is designing, and completion is expected in 2017. Oxford Properties Group is co-developing, and Mitsui Fudosan also owns a 92.09 percent stake in the project.

Tishman Acquires 11 Hoyt Street Site, Part of Macy’s 422 Fulton Street Building, Downtown Brooklyn

4:00 pm on August 12, 2015 By Reid Wilson

Macy’s is about to sell five stories of their nine-story building at 422 Fulton Street and the parking garage at 11 Hoyt Street (aka 217 Livingston Street) to Tishman Speyer for $170 million, according to Crain’s. Macy’s will consolidate commercial operations to 310,000 square feet, spanning the basement to the fourth floor, and Tishman will fund extensive renovations for those floor. As for the five upper floors Tishman is purchasing, those will be converted to office space and five more floors will be added up top. In the end, 10 stories of integrated office space is planned.

Two Stories, Eight Residential Units Coming To 48-31 65th Street, Maspeth

3:00 pm on August 12, 2015 By Reid Wilson

Staten Island-based Leon Dasilva has filed applications for four two-story, multi-family residential buildings at 48-31 – 48-37 65th Street, in northern Maspeth, three blocks south of Queens Boulevard. The entire development will span 8,980 square feet in residential space, and each building will have two full-floor units averaging 1,120 square feet apiece. Joseph Sultana’s JLS Designs is the applicant of record.

Office Conversion Underway At 14 53rd Street, Seven-Story Industrial Building In Sunset Park

2:00 pm on August 12, 2015 By Reid Wilson

Madison Realty Capital has closed on the seven-story, 400,000 square-foot industrial building at 14 53rd Street, in Sunset Park on the waterfront, for $82.5 million, according to Crain’s. The building, located four long-blocks from the R train’s 53rd Street stop, is being renovated to accommodate office and manufacturing tenants. The renovations will include exterior and interior upgrades, as well as a roof deck.

Development Site At 222 East 46th Street Placed On The Market, Midtown East

12:30 pm on August 12, 2015 By Reid Wilson

The Dupler Group is putting the land under a five-story office building at 222-226 East 46th Street, in Midtown East, on the market as a 99-year lease; the property is being valued at around $30 million. The site contains 72,000 square feet of development rights, and a developer could demolished the existing structure for a 33-story residential tower with as many as 96 rental units. Newmark Grubb Knight Frank is marketing the property, per The Real Deal.

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Articles by Reid Wilson

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