Articles by Reid Wilson

Residential Development Site At 253-255 3rd Avenue Expands, Gramercy

11:00 am on July 10, 2015 By Reid Wilson

Last Summer, Apex Real Estate Investments acquired the three-story buildings spanning 253-255 3rd Avenue, in the Gramercy, and now the firm has purchased the buildings at 257-259 3rd Avenue for $15.7 million. According to Commercial Observer, initial plans were to build a 25-unit residential building with affordable units at Nos. 253-255, but it seems the site has been expanded. Bonus air rights are also available with the inclusionary housing bonus, but the rights will apparently be transferred elsewhere.

12-Story Rental At 2 Pierrepont Street Primed For Condo Conversion, Brooklyn Heights

10:00 am on July 10, 2015 By Reid Wilson

Brooklyn Law School has placed the 12-story, 39-unit rental building at 2 Pierrepont Street, in Brooklyn Heights, on the market with no asking price, according to the Daily News. The 40,178 square-foot property is expected…

Developer Acquires Air Rights For Planned Hotel At 450 11th Avenue, Hudson Yards District

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

Marx Development Group has acquired 35,550 square feet of transferable development rights for $7 million as they prepare to build a 39-story and 438-key hotel at 450 11th Avenue, in Midtown West. According to Commercial Observer, the building will measure 213,300 square feet, although plans have yet to be filed with the DOB. Multiple single-story commercial buildings must first be demolished, and ground breaking is planned in 2016.

Work Wraps Up On 11-Story, 182-Unit Rental Building At 22-22 Jackson Avenue, Long Island City

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

Jeffrey Gershon’s 11-story, 182-unit rental building at 22-22 Jackson Avenue, in Long Island City, quickly went up over the past year, having reached its half-way point in December, and then topping out in April. Today, the finishing touches are being applied to the structure’s exterior, and glass installation is nearly complete, according to The Court Square Blog. ODA Architecture is designing, and the ground floor will feature 5,585 square feet of retail space. Completion is expected by the end of this year.

Five-Story Mixed-Use Building Planned At 140 Stanhope Street, Bushwick

4:00 pm on July 9, 2015 By Reid Wilson

Property owner Mendel Gold has filed applications for a five-story, nine-unit mixed-use building at 140 Stanhope Street, in central Bushwick, two blocks before the M train’s Knickerbocker Avenue stop. The building will measure a total 10,720 square feet, and will feature nearly 2,100 square feet of retail and 425 square feet of community space on the ground floor. Units will average 850 square feet. Dutchess County-based Aryeh Siegel is the architect of record, and an existing two-story, single-family structure must first be demolished.

Eight-Story Building At 880 Bergen Avenue Slated For Residential Conversion, Journal Square

3:00 pm on July 9, 2015 By Reid Wilson

The eight-story, 45,000 square-foot mixed-use office building at 880 Bergen Avenue, in Jersey City’s Journal Square, has been purchased for $5.6 million by Bergen Academy Associates. The art deco building is slated for a residential conversion by the new owners, although it’s not known if the ground-floor commercial-retail will remain. GRID Real Estate and CBRE marketed the property.

Five-Story, Nine-Family Building Coming To 390 Leonard Street, Williamsburg

2:00 pm on July 9, 2015 By Reid Wilson

Zolo Construction & Development Inc. has filed applications for a five-story, nine-unit residential building at 390 Leonard Street, in northern Williamsburg, six blocks from the L train’s Lorimer St. stop. The building will measure 6,745 square feet in residential space, which means units will average 750 square feet. Murat Simsek’s engineering service Rocda is the applicant of record, and the existing two-story townhouse, apparently dating back to 1899, must first be demolished.

Site Of Stalled 12-Story Building At 208 Delancey Street Hits Market, Lower East Side

12:30 pm on July 9, 2015 By Reid Wilson

Yan Po Zhu, the developer of a planned 12-story, 69-unit mixed-use building at 208 Delancey Street on the Lower East Side, is selling the construction site — currently four stories up in steel framing — for $35.5 million. According to Bowery Boogie, the 67,300 square-foot building is being designed by Michael Kang, and an 8,350 square-foot community facility is expected to occupy the ground floor. Construction stalled out roughly a year ago.

Second Six-Story, Seven-Unit Mixed-Use Building Filed At 66 North 3rd Street, Williamsburg

11:00 am on July 9, 2015 By Reid Wilson

In late June, applications were filed for a six-story, seven-unit mixed-use building at 66 North 3rd Street, in northwestern Williamsburg, two blocks in from the East River, and now identical applications have been filed for a building at 64 North 3rd Street. The same anonymous LLC and filing architect, SRA Architecture + Engineering, are developing and designing the project. To recap, each building will measure 12,290 square feet, with ground-floor retail portions spanning 2,860 square feet. At No. 64, an existing two-story townhouse must first be demolished.

All-Affordable Residential Building Being Planned At 110 St Edwards Street, Fort Greene

10:00 am on July 9, 2015 By Reid Wilson

The NYC Housing Authority is planning to build an all-affordable building at the vacant 11,500 square-foot plot of land on the northwest corner of Myrtle Avenue and St Edwards Street, in Fort Greene, on the grounds of the Ingersoll Houses complex. According to DNAinfo, a community facility is planned on the ground floor. The building’s specifications will be determined once the City selects a developer by the end of 2015.

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Articles by Reid Wilson

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