Mixed-Use

550 Washington Street

City Council Approves Five-Building, 1,586-Unit Mixed-Use Project at 550 Washington Street, Hudson Square

Last week, the City Council approved plans for Atlas Capital Group and Westbrook Partners to acquire $100 million worth of air rights from Pier 40, overseen by the Hudson River Park Trust, to develop a 1,586-unit mixed-use complex at 550 Washington Street, in Hudson Square. The project is set to include five towers, the New York Times reported, although their height was not disclosed. Thirty percent of the units, or 475 apartments, will rent at below-market rates through the housing lottery. One of the residential towers will be geared towards “older tenants.” There would also be retail space and a 15,000-square-foot recreation center.


29-37 41st Avenue

New Developer Acquires Site of Planned 70-Story, 930-Unit Mixed-Use Tower at 29-37 41st Avenue, Long Island City

The Durst Organization has acquired, for $173.5 million, the high-profile mixed-use development site at 29-37 41st Avenue, in Long Island City’s Court Square section. The new owner plans to build a tower with 1,000 rental apartments, rising as tall as 914 feet above street level, the New York Times reported. It’s expected that 25 percent, or 250 units, will rent at below-market rates through the housing lottery, Real Estate Weekly reported. The project would also include the creation of a half-acre public park. The sale included the vacant 14-story, 49,300-square-foot commercial building at 27-29 Queens Plaza North, an individual landmark, which was expected to receive a renovation by the same previous developers.



321 East 96th Street

New Details Revealed: 68-Story, 1,100-Unit Mixed-Use Project at 321 East 96th Street, East Harlem

A rendering of the base has been revealed, along with new details, of the 1,100-unit mixed-use development proposed at 321 East 96th Street, located in East Harlem near the border of the Upper East Side. The latest plans call for a 1.3-million-square-foot complex featuring a 68-story tower, DNAinfo reported. It includes a total 270,000 square feet of space for three academic facilities: the School of Cooperative Technical Education (COOP Tech), a vocational trade school currently located on-site in a four-story building, and Heritage School and Park East High School, two public high schools with existing facilities nearby.

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Sea View Healthy Community

City Seeks Expressions of Interest for Mixed-Use Redevelopment of Seaview Hospital, Staten Island

As promised earlier this year, the New York City Economic Development Corporation has launched a request for expressions of interest (RFEI) to redevelop the crumbling, 80-acre Seaview Hospital complex at 460 Brielle Avenue, in central Staten Island. The city is seeking a development team to transform the former tuberculosis hospital into a mixed-use neighborhood called Sea View Healthy Community. There would be a mix of medical offices, retail spaces, residential units including affordable housing, community facilities, and public open space. Proposals are due March 24, 2017, DNAinfo reported.

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