Articles by Reid Wilson

10-Story, 35-Unit Rental Building At 189 Avenue C Converted To Condos, East Village

12:30 pm on August 10, 2015 By Reid Wilson

The 10-story, 35-unit rental building at 189 Avenue C, in the East Village, is undergoing a condo conversion, according to EV Grieve. Douglas Elliman is marketing the units, and the first few are available for purchase and immediate occupancy. Existing tenants are not obligated to purchase their unit and can remain tenants without fearing eviction. Before the condos launched earlier this month, the building changed hands for $32.5 million.

Developer Acquires Yet-To-Be-Rezoned Site At 606 West 30th Street, West Chelsea

12:00 pm on August 10, 2015 By Reid Wilson

Lalezarian Properties has acquired a warehouse at 606 West 30th Street, in West Chelsea, for $36 million. The site currently has roughly 30,000 square feet of development rights, and is zoned for retail or light manufacturing, but the developer is likely waiting on a rezoning that would allow for residential use. The site is located across from the High Line and Related’s multi-skyscraper Hudson Yards development. [The Real Deal]

10-Story, 27-Unit Condo Conversion Underway At 11 Beach Street, Tribeca

11:30 am on August 10, 2015 By Reid Wilson

In June 2014, YIMBY revealed renderings of the office-to-residential conversion of the 10-story building at 11 Beach Street, in Tribeca, and now construction is well underway, per Curbed. An atrium has been carved out of the building’s center, and the converted structure will contain 27 three- to five-bedroom condominiums, averaging an impressive 3,975 square feet apiece. HFZ Capital is developing, while BKSK Architects is designing; interiors are being designed by Thomas Juul-Hansen. Completion is expected in 2016.

42-Unit Rental Building At 100 Secatogue Avenue Approved For Tax Breaks, Farmingdale

10:30 am on August 10, 2015 By Reid Wilson

The Nassau County IDA has approved tax breaks for the 42-unit, $8.1 million rental development planned at 100 Secatogue Avenue, in Farmingdale, a stone’s throw away from the LIRR station and two blocks from Main Street. According to Newsday, Cornerstone At Farmingdale, LLC, is developing, and ten percent of the residential units will be leased at below market rates. Construction is expected to begin this fall for a summer 2016 completion, although a two-story commercial building must first be demolished.

Six-Story, 57-Unit Residential Building Tops Out At 75 Ralph Avenue, Bedford-Stuyvesant

6:30 am on August 10, 2015 By Reid Wilson

In April 2014, YIMBY reported on filings for a six-story, 57-unit residential building at 75 Ralph Avenue, in eastern Bedford-Stuyvesant, and then we revealed renderings of the project the following April. Today, the the 38,240 square-foot structure is topped out, and façade installation appears imminent, per Brownstoner. Charles Mallea is designing, and the project is located three blocks from the Gates Avenue stop on the J/Z trains. Velocity Framers USA is developing, and completion is likely by 2016.

The Daten Group Planning 12-Story, 65-Unit Condo Building At 581 4th Avenue, Park Slope

6:00 am on August 10, 2015 By Reid Wilson

Late last year, YIMBY brought you news of Rabsky Group’s 12-story, 129-rental-unit building planned at 581 Fourth Avenue, in South Slope, and then renderings surfaced of the Karl Fischer-designed structure over the summer. Now, The Daten Group is paying $24 million for the assemblage, and the 12-story building will instead have 65 condominiums. Kutnicki Bernstein Architects is replacing Fischer, and demolition of the existing low-rise structures at 575-581 4th Avenue and 189-195 Prospect Avenue will begin in the fall. The original permits also included nearly 2,400 square feet of retail space. [The Real Deal]

Four-Story, Three-Unit Residential Building Coming To 45 Irving Place, Clinton Hill

4:00 pm on August 7, 2015 By Reid Wilson

Property owner Yaniv Zohar, doing business as Z-Group Holding Corp., has filed applications for a four-story, three-unit residential building at 45 Irving Place, in southern Clinton Hill, four blocks from the C train’s Franklin Avenue stop. The building will measure 4,832 square feet, and triplex units will measure an average 1,610 square feet. Williamsburg-based Adi Gershoni is the architect of record, and an existing two-story structure must first be demolished.

80 South Street Assemblage Acquired For $390 Million By Chinese Developer, Financial District

3:00 pm on August 7, 2015 By Reid Wilson

A U.S. subsidiary of Beijing-based China Oceanwide Holdings has made a deal with Howard Hughes Corp. to purchase the development site at 80 South Street, in the Financial District, for $390 million, according to Crain’s. Along with the five-story building at 80 South Street, the assemblage includes the 10-story building at 163 Front Street. The site boasts 820,000 square feet of development rights, with residential space allowed to span 440,000 square feet while the remainder designated for some form of commercial space.

Two Stories, Four Residential Units Filed At 144-19 224th Street, Brookville

2:00 pm on August 7, 2015 By Reid Wilson

G&S Developments has filed applications for twin two-story, two-unit residential buildings spanning the lots at 144-19 – 144-23 224th Street, in Brookville, six blocks south of the LIRR’s Laurelton station. The four total residential units will spread across 4,858 square feet, for units averaging 1,215 square feet apiece. Sion Hourizadeh’s Floral Park-based Sion Associates is the applicant of record, and an existing single-family home must first be demolished.

Demolition Begins At 42-50 27th Street, Site Of Nine-Story, 32-Unit Building, Long Island City

12:30 pm on August 7, 2015 By Reid Wilson

Nearly a year ago, applications were filed for a nine-story, 32-unit residential building at 42-50 27th Street, in Long Island City, and now those plans have been approved, with demolition underway to remove the existing two-story structure, per The Court Square Blog. The new building will measure 24,860 square feet, which works out to an average unit of 775 square feet. Ampiera Group is developing, and Jon K Yung’s Flushing-based MY Architect is the applicant of record.

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Articles by Reid Wilson

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