40-09 29th Street

15,000 Square Feet Of Retail Space Planned At 40-09 29th Street, Long Island City

11:00 am on March 9, 2016 By Reid Wilson

Forest Hills-based property owner Kyong I. Park has filed applications for two two-story commercial-retail buildings at 40-09 – 40-11 29th Street, in the Queens Plaza section of Long Island City, located three blocks north of the elevated tracks for the E/M/R/7 subway lines. The northern building at 40-09 29th Street will measure 10,012 square feet and the other building will measure 9,212 square feet. There will be 14,907 square feet of commercial space across both buildings, and the Schedule A notes both will be used as retail space. Iljoong Kim’s Flushing-based Chio Design Consulting is the applicant of record. A two-story house at 40-09 29th Street and the Korean Philippo Church at 40-11 29th Street must first be demolished. Permits have not yet been filed to do so.

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2 Rector Street

Plans For 452-Unit Rental Conversion Of 26-Story Office Building At 2 Rector Street Abandoned, Financial District

10:00 am on March 9, 2016 By Reid Wilson

During the summer of 2015, Kushner Companies and CIM Group filed plans with the Department of City Planning to convert the 26-story, 466,000-square-foot office building at 2 Rector Street, in the Financial District, into 452 rental apartments. The developers are now abandoning those plans and are in contract to sell the office building to Cove Property Group for roughly $225 million, according to the New York Post. The sale comes three years after Kushner and CIM acquired the property for $140 million. The new owners plan to continue leasing the property to commercial tenants. It was 84 percent occupied in 2015, by multiple tenants.

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77 Greenwich Street, revised design.

Less Overhang Paves Way for Landmarks Approval of Mixed-Use Tower at 77 Greenwich Street

8:00 am on March 9, 2016 By Evan Bindelglass

A 35-story mixed-use project in the Financial District can now go forward, thanks to approval from the Landmarks Preservation on Tuesday. The project is at 77 Greenwich Street (a.k.a. 42 Trinity Place) and needed LPC approval because it would cantilever over the Robert and Anne Dickey House, an individual landmark immediately to the south at 67 Greenwich Street (a.k.a. 28-30 Trinity Place). The changes to the design weren’t too dramatic and one of them was described as a “no-brainer” by the LPC chair.

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168 Avenue P, rendering by Chi F. Lau Architect

Revealed: 168 Avenue P, Gravesend

7:30 am on March 9, 2016 By Rebecca Baird-Remba

It’s hard to build taller than three stories in most of Gravesend, a middle-class neighborhood in southern Brooklyn populated by a diverse mix of Syrian Jewish, Puerto Rican, Chinese, Mexican, Russian, and Ukrainian immigrants. But along the neighborhood’s northern edge, on the border with Midwood and Bensonhurst, the city allows new mid-rise apartment buildings.

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