Mixed-Use

Seaport Landing

Four Nine-Story Mixed-Use Buildings Planned at 129 Beach 116th Street Assemblage, Rockaway Park

7:00 am on August 12, 2016 By Reid Wilson

Brooklyn-based Marcal Group is planning to develop four mixed-use buildings – each rising nine stories in height – on an assemblage of development sites located between Beach 115th and 117th streets, in Rockaway Park. That’s a neighborhood along the Rockaways in southern Queens. Dubbed Seaport Landing, the entire project will encompass 240,000 square feet of residential space and 23,000 square feet of ground-floor retail, the Rockaway Times reported. The total number of apartments, all condominiums, wasn’t disclosed, but at least 158 of them will be sold at affordable rates to seniors. The building at 157 Beach 115th Street will contain 58 affordable units and the one at 160 Beach 117th Street will contain 100 affordable units. The two facing Beach 116th Street will be market-rate buildings. Most of the assembled properties are vacant with the exception of 129 Beach 116th Street, which is currently occupied by a single-story commercial building, acquired in 2015 for $5 million. Demolition permits haven’t yet been filed. The Rockaway Park-Beach 116th Street stop on the A train and Rockaway Park Shuttle is two blocks away.

Kearny Point Industrial Park

Two-Million-Square-Foot Kearny Point Industrial Park to Get Modern Commercial Transformation, New Jersey

6:30 am on August 12, 2016 By Reid Wilson

Manhattan-based Hugo Neu Corporation has tasked design and engineering firms STUDIOS Architecture and WXY to convert the 130-acre, two-million-square-foot Kearny Point Industrial Park, in Kearny, into a modernized, mixed-use commercial campus. The industrial park is located in the town’s southern section sandwiched between Jersey City and Newark, in Hudson County, New Jersey. The plan is to preserve the existing industrial buildings and warehouses, many of which are historic, Real Estate Weekly reported. The conversion is expected to attract a wide variety of tenants, including businesses in need of office, manufacturing, storage, and/or industrial space, among others. The site was previously known as the Federal Shipbuilding & Drydock Company and served as the U.S. Navy’s fastest ship-building location in the world during World War II.

38 West 33rd Street. Photo by nyc1 via the YIMBY Forums.q

41-Story, 223-Unit Mixed-Use Building Rising at 38 West 33rd Street, Midtown South

2:00 pm on August 11, 2016 By Reid Wilson

Construction is now two stories above street level on the 41-story, 223-unit mixed-use building under development at 38-46 West 33rd Street, in Midtown South. The construction progress can be seen thanks to photos posted to the YIMBY Forums by user nyc1. The new building will encompass 220,724 square feet and will top out at 465-feet-tall. There will be 5,721 square feet of ground-floor retail space, followed by residential units averaging 818.6 square feet apiece, which is indicative of rental apartments. The residential amenities are listed in YIMBY’s update in January, when foundation work was underway. The Torkian Group is the developer and Stephen B. Jacobs Group is behind the architecture. Completion is expected in 2017.

810 Fulton Street

New Developer to Build 12-Story, 363-Unit Mixed-Use Building at 810 Fulton Street, Fort Greene

1:00 pm on August 11, 2016 By Reid Wilson

RXR Realty has acquired, for $28.7 million, the leasehold of the development site at 810 Fulton Street, in southern Fort Greene, from GFI Development, Crain’s reported. The previous developer’s plans for a 12-story, 363-unit mixed-use building, filed back in 2014, are what the new developer intends to construct. The city has approved an air rights transfer that will allow the project to grow from seven stories (as-of-right) to 12. The Buildings Department is still in the process of giving those plans the green light, according to the latest filings. The most recent permits indicate the structure will measure 328,047 square feet. Of that, 32,358 square feet will be ground-floor retail, followed by rental apartments on the floors above. The units should average 815 square feet apiece and 20 percent (73 units) will rent at below-market rates. GFI technically worked on the a part of the project’s foundation before the 421-a expired, which means RXR can still benefit from the tax break. Aufgang Architects is behind the design. Construction will resume in the fall, with completion expected by 2019.

90 Christopher Columbus Drive

Financing Secured for 50-Story, 539-Unit Residential Tower at 90 Christopher Columbus Drive, Jersey City

6:30 am on August 11, 2016 By Reid Wilson

Ironstate Development and Panepinto Properties have landed $155.83 million in construction financing for their planned 50-story, 539-unit residential tower at 90 Christopher Columbus Drive (dubbed 90 Columbus), in downtown Jersey City. The tower will host rental apartments ranging from studio to three-bedroom configurations, averaging 789 square feet apiece, Real Estate Weekly reported. Amenities will include a swimming pool, children’s play areas, sports and entertainment rooms, residential lounges, and a library. The tower is the last phase of a multi-building complex, which includes the recently completed 50-story residential tower 70 Columbus and the 12-story, 152-key Marriott Residence Inn at 80 Columbus. Gwathmey, Siegel, Kaufman and Associates is behind the architecture. Foundation work is currently underway and completion is expected in 2018.

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