Manhattan

5 West 125th Street

Mixed-Use Building Gets Glassy At 5 West 125th Street, Harlem

6:00 am on August 11, 2015 By Reid Wilson

Excavation was well underway back in 2013, when YIMBY reported on a large commercial project planned at 5-15 West 125th Street, in central Harlem. Since then, the project’s scope has increased from four to six stories, and also now includes a residential component of 30 units. The block-thru building is expected to have 75,000 square feet of commercial space, spanning from the cellar to the third floor, and the shorter 125th Street side is now getting its façade, per Harlem+Bespoke. The taller end on 126th Street is rising at a slower pace. Rosenbaum Design Group is the architect of record.

189 Avenue C

10-Story, 35-Unit Rental Building At 189 Avenue C Converted To Condos, East Village

12:30 pm on August 10, 2015 By Reid Wilson

The 10-story, 35-unit rental building at 189 Avenue C, in the East Village, is undergoing a condo conversion, according to EV Grieve. Douglas Elliman is marketing the units, and the first few are available for purchase and immediate occupancy. Existing tenants are not obligated to purchase their unit and can remain tenants without fearing eviction. Before the condos launched earlier this month, the building changed hands for $32.5 million.

606 West 30th Street

Developer Acquires Yet-To-Be-Rezoned Site At 606 West 30th Street, West Chelsea

12:00 pm on August 10, 2015 By Reid Wilson

Lalezarian Properties has acquired a warehouse at 606 West 30th Street, in West Chelsea, for $36 million. The site currently has roughly 30,000 square feet of development rights, and is zoned for retail or light manufacturing, but the developer is likely waiting on a rezoning that would allow for residential use. The site is located across from the High Line and Related’s multi-skyscraper Hudson Yards development. [The Real Deal]

11 Beach Street

10-Story, 27-Unit Condo Conversion Underway At 11 Beach Street, Tribeca

11:30 am on August 10, 2015 By Reid Wilson

In June 2014, YIMBY revealed renderings of the office-to-residential conversion of the 10-story building at 11 Beach Street, in Tribeca, and now construction is well underway, per Curbed. An atrium has been carved out of the building’s center, and the converted structure will contain 27 three- to five-bedroom condominiums, averaging an impressive 3,975 square feet apiece. HFZ Capital is developing, while BKSK Architects is designing; interiors are being designed by Thomas Juul-Hansen. Completion is expected in 2016.

80 South Street

80 South Street Assemblage Acquired For $390 Million By Chinese Developer, Financial District

3:00 pm on August 7, 2015 By Reid Wilson

A U.S. subsidiary of Beijing-based China Oceanwide Holdings has made a deal with Howard Hughes Corp. to purchase the development site at 80 South Street, in the Financial District, for $390 million, according to Crain’s. Along with the five-story building at 80 South Street, the assemblage includes the 10-story building at 163 Front Street. The site boasts 820,000 square feet of development rights, with residential space allowed to span 440,000 square feet while the remainder designated for some form of commercial space.

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