L&L Holdings and GreenOak Real Estate have landed a $556 million construction loan for their 47-story, 893-foot-tall office building planned at 425 Park Avenue, in Midtown East. The developers are expanding the existing 32-story building office building to accommodate 670,000 square feet of modern office space. Partial demolition begins this month, and the building is scheduled to open in 2018.
Excavation is imminent for the planned four-story, 46,000 square-foot boutique mixed-use office and retail building at 120 New Jersey 4, in southern Englewood of Bergen County. Dubbed ES4, S.Hekemian Group is developing, and completion of the building is expected by the end of 2016, according to NorthJersey.com. The building is a small portion of a large mixed-use redevelopment project Englewood South, where the developer is also currently constructing an 195-unit residential building.
Cammeby’s International Group has filed applications for a three-story commercial/community-facility building at 614-638 Sheepshead Bay Road and 2831-2843 West 8th Street, on Coney Island. The complex will have 46,350 square feet of community-facility space, and 41,600 square feet of commercial space, which includes retail and offices, according to the Schedule A. The entire building, mechanical space included, will measure roughly 155,600 square feet, and S9 Architecture & Engineering is designing. At No. 638, demolition has begun on an old single-story structure, and a two-story building currently exists at No. 614. A block to the east, the same developer is planning a 40-story mixed-use building at 532 Neptune Avenue.
Property owner Tony Dagounakis has filed applications for an eight-story, 14-unit residential building at 23-25 Astoria Boulevard, in western Astoria. The 14 units will be spread across 11,150 square feet for an average unit size of nearly 800 square feet. Joseph Gulino’s Structural Engineering Systems is the applicant of record, and a three-story, three-unit townhouse must first be demolished.
Foundation work and piling is underway at 44-26 – 44-28 Purves Street, in Long Island City, where Brause Realty and the Gotham Organization are planning a 35-story, 270-unit mixed-use building. YIMBY revealed renderings in April of the FXFOWLE-designed project, and a 2,600 square-foot retail portion is expected on the ground floor. According to The Court Square Blog, the building is scheduled for completion in October 2017.
