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.
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.
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.
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.
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.
