Articles by Reid Wilson

Burnt-Out CitiStorage Warehouse Being Sold To Development Team, Williamsburg

1:00 pm on May 11, 2015 By Reid Wilson

Crain’s Business reports that Norman Brodsky is expecting to sell the burned-down warehouse located on Williamsburg’s northern waterfront, at 5 North 11th Street, to a pair of developers. Midtown Equities and East End Capital have reportedly signed a contract to purchase the site, but the exact price has yet to be revealed. The property is currently zoned for commercial and manufacturing use; 600,000 buildable square feet is available as-of-right.

Four-Family Townhouse Planned for 1342 Prospect Avenue in Foxhurst, South Bronx

12:15 pm on May 11, 2015 By Reid Wilson

Ben Shavolian, the head of L’Ermitage LLC, has filed applications for a four-story, four-unit residential building at the vacant lot at 1342 Prospect Avenue, in the Foxhurst section of the south Bronx. The building will measure 4,770 square feet, and Gerald Caliendo is designing. The site’s two-story predecessor was demolished by the HDP in 1994.

Cayuga Capital To Transform 321 Starr Street Into Retail Building, Bushwick

11:00 am on May 11, 2015 By Reid Wilson

DNAinfo reports Cayuga Capital acquired the single-story warehouse building at 321 Starr Street, at the northern tip of Bushwick, for $9 million, and plans to expand the building to accommodate multiple commercial tenants. MetroRock Climbing is already expecting to open a 23,000 square-foot facility in the building in spring of 2016, and future tenants will be revealed later on.

Seven-Story Rental To Fill Long Vacant Lot At 1613 Mermaid Avenue, Coney Island

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

An LLC has filed applications for a seven-story, 16-unit residential building at the empty lot at 1613 Mermaid Avenue, on Coney Island. Measuring nearly 11,290 square feet in total, the average unit will be a little over 700 square feet, indicating rentals are likely in the works. Miele Associates is designing the new structure, which will hopefully rise on the long-vacant lot.

27-Story Boutique Hotel Planned for 25 West 38th Street, Midtown South

6:30 am on May 11, 2015 By Reid Wilson

The Real Deal has the latest on Fortuna Realty Group’s planned 27-story, 180-key boutique hotel to span 25-27 West 38th Street, in Midtown South. Starwood Hotels & Resorts is co-developing with Fortuna, and The Aloft New York Midtown is expected to open for business in October 2017; Nobutaka Ashihara Architects and VLDG are designing. The existing five- and eight-story buildings passed pre-demolition inspection in late April.

38-Story Condominium Tower At 118 East 59th Street Revealed, Midtown East

6:00 am on May 11, 2015 By Reid Wilson

The New York Times has revealed full renderings for the planned 38-story, 29-unit condominium tower at 118 East 59th Street, in Midtown East. YIMBY brought you news of the project last fall, which the Chinese firm Euro Properties is developing. Soo K. Chan, of SCDA Architects, is designing the 70,260 square-foot structure and all the condos — starting at 1,400 square feet — will span at least one floor. Demolition of the site’s former four-story buildings is complete and construction begins in June.

New Two-Family Building Filed at 91-41 80th Street in Woodhaven

4:00 pm on May 8, 2015 By Reid Wilson

Nini’s Properties LLC has filed applications for a new two-story, two-unit residential building at the newly subdivided, vacant lot at 91-41 80th Street, in Woodhaven. At the adjacent 91-43 80th Street, the property owner is renovating the existing three-story, three-unit wood-framed structure. John C. Chen is designing the new structure, which will measure nearly 1,800 square feet.

Two More Six-Family Buildings Filed on Walworth Street at Nos. 214 & 218, Bed-Stuy

3:00 pm on May 8, 2015 By Reid Wilson

Taron Walworth LLC has filed for two more four-story, six-unit residential buildings at the vacant lots at 214 and 218 Walworth Street, in northwestern Bedford-Stuyvesant. The same developer filed applications for two similar buildings at Nos. 212 and 222 yesterday, and each building will measure nearly 4,000 square feet. Julien Flander is designing, and former two-story structures were demolished at both 214 and 218 Walworth in 2006.

HFZ Capital Closes on Purchase of 76 Eleventh Avenue at $1,100 Per Square-Foot, West Chelsea

2:00 pm on May 8, 2015 By Reid Wilson

After obtaining $1 billion in financing, HFZ Capital Group has closed on the development site at 76 11th Avenue, or 518 West 18th Street, in West Chelsea. The lot comes remediated and vacant, and it’s one of the most expensive acquisitions in New York’s history, according to The Real Deal, clocking in at $1,100 per square-foot.

10 Residential Units Planned for 516 Herkimer Street, Bedford-Stuyvesant

1:00 pm on May 8, 2015 By Reid Wilson

An LLC has filed applications for a new six-story, 10-unit residential building at 516 Herkimer Street, in south-central Bedford-Stuyvesant near Atlantic Avenue. The building will measure 11,810 square feet, and Platonic Solids Architecture is designing. An existing single-story structure must first be demolished; demolition permits have yet to be filed.

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Articles by Reid Wilson

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