Preservationists spent years decrying the state of the decrepit, city-owned school at 425 Grand Concourse in the South Bronx neighborhood of Mott Haven, until the city announced that it would demolish the landmarked Gothic building, formerly P.S. 31, in April. Now the Department of Housing Preservation and Development has released an RFP (request for proposals) to redevelop the property into affordable housing.
525 East 73rd Street [Commercial Observer]: The sale of 525 East 73rd Street has officially closed, with Memorial Sloan-Kettering paying a sum of $226 million per city files. Construction can now begin on a two-tower, 1.2 million square-foot medical complex, and “site preparation will resume within several weeks.”
456 Greenwich Street [Commercial Observer]: A trio of developers “are planning a 90- to 100-room,” 93,900 square-foot luxury hotel at 456 Greenwich Street, in Tribeca. A portion of the site is landmarked, but developers plan to…