New York YIMBY

Citigroup In Contract To Acquire Their 39-Story, 2.7-Million Square-Foot Headquarters At 388-390 Greenwich Street, TriBeCa

4:00 pm on February 4, 2016 By Reid Wilson

In early 2015, renderings were revealed of the planned renovations at Citigroup’s headquarters at 388-390 Greenwich Street, in TriBeCa, and now the company is in contract to acquire the the 39-story, 2.7-million square-foot office complex. According to Real Estate Weekly, Citigroup will purchase the properties from SL Green Realty Corp. for $2 billion. The renovations include connecting the tower portion at 388 Greenwich to the 10-story structure at 390 Greenwich. The transformation will include a new façade on large portions of the existing buildings, a single lobby that serves both sections, plaza renovations, a rooftop terrace, and amenities like a fitness center. The sale is expected to close in December of 2017 and renovations should be complete by 2019.

Alloy To Build Three-Story, 8,000 Square-Foot Office Headquarters At 431 Carroll Street, Gowanus

3:00 pm on February 4, 2016 By Reid Wilson

Alloy Development has acquired the vacant 4,100 square-foot parcel at 431 Carroll Street, in Gowanus, for $2.8 million, Crain’s reports. Located two blocks west of the Union Street stop on the R train, the developer plans to build their new headquarters at the site in the form of a three-story, roughly 8,000 square-foot building. The ground floor will be leased as retail space and the upper floors will contain between 5,000 and 6,000 square feet of office space. The developers expect to break ground by 2017 for a 2018 completion. Alloy Development will likely design the project in-house.

Three-Story Garage At 524 Halsey Street To Be Expanded Into Five-Story, 36-Unit Residential Building, Bedford-Stuyvesant

2:00 pm on February 4, 2016 By Reid Wilson

Brooklyn-based Brookland Capital, headed by Boaz Gilad, has filed applications to expand the three-story parking garage at 524-540 Halsey Street, in Bedford-Stuyvesant, into a five-story, 36-unit residential building. According to DNAinfo, the developer acquired the property for $8.2 million in December. The 31,434 square-foot property will be expanded into 38,879 square feet of residential space, which means units will average a relatively spacious 1,080 square feet apiece. Per the Schedule A, there will be seven townhouse-style triplex apartments within the first three floors. Upper West Side-based Feingold & Gregory Architects is the architect of record. The project is located within the Bedford Stuyvesant/Expanded Stuyvesant Heights Historic District, which means the Landmarks Preservation Commission must approve it.

Four-Story, Two-Unit Townhouse-Style Project Coming To 114A Marcus Garvey Boulevard, Bedford-Stuyvesant

1:00 pm on February 4, 2016 By Reid Wilson

Eyal Ovadia, doing business as an anonymous LLC, has filed applications for a four-story, two-unit residential building at 114A Marcus Garvey Boulevard, in northern Bedford-Stuyvesant, located four blocks from the Myrtle Avenue stop on the J, M, and Z trains. The 3,740 square-foot project will rise 49 feet in height on a small, 17-foot-wide lot, currently home to a garage. There will be one residential unit on the ground floor and the second unit will occupy the second, third, and fourth floors. If the 2,956 square feet of residential space is divided like so, the smaller unit will measure roughly 740 square feet and the larger one will span 2,216 square feet. Queens-based Gerald Caliendo is the architect of record.

35-Story, 220-Unit Mixed-Use Tower Rises At 323 Tenth Avenue, West Chelsea

11:00 am on February 4, 2016 By Reid Wilson

During the summer of 2015, renderings were revealed of Lalezarian Properties’ planned 35-story, 220-unit mixed-use tower under construction at 323 Tenth Avenue, between West 28th and 29th streets in West Chelsea. At the time, the ground floor of the tower was being constructed, and the developer’s two other 13-story buildings at 507 West 28th Street – with a combined additional 155 residential units – were close to topping out. Today, the larger structure is 25 stories above street level and the smaller 13-story components are nearly fully clad in glass. The photos are courtesy of Tectonic (h/t Curbed). The entire project will encompass 337,978 square feet, and rental units will average 779 square feet across all three buildings. There will also be a total 16,068 square feet of ground-floor retail space. Avinash K. Malhotra Architects is the design architect and completion is expected later this year.

Four-Story Church At 126 Forsyth Street Seeking Partner For New Mixed-Use Building, Lower East Side

10:00 am on February 4, 2016 By Reid Wilson

The Spanish Delancey Seventh Day Adventist Church, located at the four-story building at 126 Forsyth Street, on the corner of Delancey Street on the Lower East Side, is looking for a development partner that would demolish the existing structure for a new building. The 5,000 square-foot lot could accommodate a new mixed-use building of up to 32,500 square feet, where a maximum of 27,000 square feet could be used as residential space. The lot is subject to a 120-foot height cap, according to Curbed NY. The church is requiring the first three floors of the new building to be designed, owned, and operated by the church as a house of worship, although zoning allows for retail space to be built as well. It should be noted that the rest of the building could potentially end up being a hotel or office space if a developer chooses against building residential units.

371 Baltic Street, rendering by Atelier New York Architecture

Revealed: 371 Baltic Street, Boerum Hill Condos

8:00 am on February 4, 2016 By Rebecca Baird-Remba

A small, boutique condo project is about to replace a century-old brick apartment building at 371 Baltic Street, in the borderlands between Boerum Hill, Gowanus, and Carroll Gardens. YIMBY has renderings of the four-story building, which will rise between Smith and Hoyt streets, near Gowanus Houses.

Permits Filed: 45 Lenox Road, Flatbush

7:30 am on February 4, 2016 By Rebecca Baird-Remba

A six-story apartment building may grow on a vacant lot at 45 Lenox Road, between Flatbush and Bedford avenues in Flatbush.

Landmarks Rejects Renovation Of 348 Lafayette Street, NoHo

7:00 am on February 4, 2016 By Evan Bindelglass

The proposal to renovate a commercial building in the NoHo Historic District didn’t fly with the members of the Landmarks Preservation Commission on Tuesday. The LPC rejected the proposal presented for 348 Lafayette Street, located on the southwest corner of Lafayette and Bond streets.

36-Story, 372-Unit Residential Building Rises At 225 East 39th Street, Murray Hill

6:30 am on February 4, 2016 By Reid Wilson

In 2014, YIMBY revealed renderings of the planned 36-story, 372-unit residential building at 225 East 39th Street (a.k.a. 222 East 40th Street), in Murray Hill, and then foundation work began last summer. Thanks to photos by Tectonic, we can see the structure is now 16 stories above street level and rising. When the building is completed in the spring of 2017, it will encompass 373,248 square feet, with 343,187 square feet being used as residential space. The rental apartments will average 922 square feet apiece, and amenities include a fitness facility, children’s playroom, lounges, a café, a library, a courtyard garden, and a 35th-floor rooftop deck. Twenty percent of the apartments will rent at below-market rates. Fisher Brothers is developing the project and Handel Architects is designing it.

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