Articles by Reid Wilson

Williamsburg Warehouse Property at 61 Wythe Avenue Up for Sale as Development Site

10:00 am on April 17, 2015 By Reid Wilson

The low-rise brick structures housing the Brooklyn Bowl and Brooklyn Brewery — spanning 61-71 Wythe Avenue, in northern Williamsburg — are on the market, reports Crain’s Business. Although leases don’t expire for a couple more years, if community space is included, up to 170,000 square-feet of mixed-use commercial and community-use development rights could be utilized. The assemblage is being valued at over $50 million.

11-Story Apartment Building Revealed at 130 Mount Vernon Avenue, in Mount Vernon

6:30 am on April 17, 2015 By Reid Wilson

MacQuesten Development and NYS Homes and Community Renewal have announced an 11-story, 80-unit rental building at the vacant lot of 130 Mount Vernon Avenue, in Mount Vernon, per Real Estate Weekly. Dubbed The Modern, the $31.5 million project will include 9,400 square feet of retail space. The building is scheduled to open in the Fall of 2016.

Developers Break Ground on Empire Outlets Mixed-Use Project in St. George

6:00 am on April 17, 2015 By Reid Wilson

DNAinfo reports BFC Partners have broken ground this week on Empire Outlets, a 100-store mall at 35 Richmond Terrace, in St. George. The development will also include an 11-story, 190-unit mixed-use hotel and residential building, and the entire project will total 443,000 square feet. DNAinfo also broke news of the mall’s most recently signed tenants; Applebee’s, Gap, and White House Black Market will together take 100,000 square feet, joining H&M and Nordstrom Rack.

Construction Wraps Up at 67 Avenue C, Mixed-Use Condo Building in the East Village

4:00 pm on April 16, 2015 By Reid Wilson

EV Grieve has noticed Vinbaytel Property Development’s seven-story, seven-condo-unit mixed-use building is wrapping up construction at 67 Avenue C, in the East Village. The façade has been installed, and the building will also includes a commercial unit for a retail tenant. Opening is scheduled for this summer.

SL Green Planning New Four-Story Retail Building at 719 7th Avenue Near Times Square

3:00 pm on April 16, 2015 By Reid Wilson

SL Green Realty has filed applications for a four-story, 6,020 square-foot commercial building — rising 57 feet tall — at 719 7th Avenue, in Midtown’s Theater District. The job description states the building will be solely for retail, and will feature signage above the roof. TPG Architecture is designing, and the existing three-story building was approved for demolition back in December.

South Bronx Rental Building Purchased for $31 Million, Up $20 Million Within 5 Years

2:00 pm on April 16, 2015 By Reid Wilson

Investor Benzion Kohn has acquired the six-story, 182-rental-unit mixed-use building at 975 Walton Avenue, in The Concourse, for $31 million, per The Real Deal. The previous owners bought the 279,000 square-foot building for about $11.3 million in 2010; commercial space in the structure totals 1,000 square feet.

Five-Story, Five-Unit Residential Building Coming to 656 St. Ann’s Avenue in South Bronx

12:15 pm on April 16, 2015 By Reid Wilson

Antonio Pecora, head of TPEC LLC, has filed applications for a five-story, five-unit residential building at the vacant lot 656 St. Anns Avenue, in Woodstock. Rudy Dupuy is designing the building, of which is planned to measure 5,652 square feet.

Thor Equities to Acquire Bedford Avenue Development Site for $36.1 Million

10:30 am on April 16, 2015 By Reid Wilson

Per The Real Deal, the Salvation Army has sold the development site spanning 176-180 Bedford Avenue, in northern Williamsburg, to Thor Equities for $36.1 million, which equates to $2,500 per square-foot. The site boasts 14,400 square feet of building potential, and undisclosed construction plans will almost surely include a large retail component.

TWA Terminal at John F. Kennedy International Airport

JetBlue, MCR Development May Redevelop JFK’s TWA Terminal Into Hotel

6:00 am on April 16, 2015 By Reid Wilson

The Wall Street Journal reports JetBlue Airways Corp. and MCR Development LLC are in advanced talks with the Port Authority to redevelop the vacant TWA Terminal at John F. Kennedy International Airport, in Queens. If a deal is agreed upon, a possibly $400 million project would include the construction of 500 hotel rooms split on either side of the terminal, and the likely conversion of the landmarked terminal structure into a restaurant.

Planned Eight-Story, 100-Key Hotel Filed for 456 Greenwich Street in Tribeca

6:00 am on April 16, 2015 By Reid Wilson

Applications have been filed for an eight-story, 100-key hotel — the rooms split between roughly 66,000 square feet — at 456 Greenwich Street, in Tribeca. Western Heritable Investment Company, Caspi Development and Barone Management are the developers, and the entire building will span 102,000 square feet, with the SBJ Group designing.

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Articles by Reid Wilson

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