Since YIMBY revealed Magnum Real Estate Group’s plans for 196 Orchard Street back in February, Real Estate Equities has partnered with Magnum to develop the 10-story, 83-unit mixed-use building. The two developers will soon close on the assemblage for $108 million, reports The Real Deal. Demolition of the existing single-story buildings should follow.
Coney Island has been slow to recover from the damage inflicted by Hurricane Sandy, but construction is finally starting to pick up, from a 40-story tower planned at Trump Village to a new hotel on Stillwell Avenue. Today’s new development is an eight-story building with commercial and community space at 2885 West 15th Street, at the corner of Mermaid Avenue.
An LLC has filed applications for a four-story, seven-unit residential building measuring 4,736 square feet at 25-63 38th Street, in northern Astoria. Frank Petruso is designing, and an existing two-story building must first be removed.
An LLC has filed applications for a five-story, eight-unit mixed-use residential and community-facility building at 132-22 Maple Avenue, in southern Flushing proper. The community space will measure nearly 1,250 square feet, and An Shen Ma is designing. An existing two-story structure must first be removed.
Brownstoner spotted renderings posted on-site at 59-63 North 6th Street, in Williamsburg, where a single-story, 7,500 square-foot commercial building is planned, and was filed with the DOB last November. The development site is vacant, and excavators are on site, so completion can be expected by 2016 if work begins imminently. Flushing-based Victor K. Han is designing.
