Mixed-Use

11-Story Mixed-Use Condo Building Planned At 22-43 Jackson Avenue, Long Island City

1:00 pm on April 22, 2016 By Reid Wilson

In February of 2015, the property owners of the development site at 22-43 Jackson Avenue (a.k.a. 45-60 23rd Street), located in the Court Square section of Long Island City, placed the property on the market, asking $29 million. Now, Circle F Capital is in contract to acquire the site for nearly $25 million, according to The Real Deal. The developer is planning a 10- or 11-story mixed-use building, with condominium units and 25,000 square feet of retail space. The plot, which is currently occupied by a single-story office building, can accommodate up to 76,000 square feet of development potential. Demolition permits have not been filed for the existing building, nor have new building applications for the new one.

Development Team Planning 80-Story Mixed-Use Tower Closer To 2020 At 989-993 Sixth Avenue, Midtown

10:00 am on April 22, 2016 By Reid Wilson

Back in December of 2015, it was reported that AB & Sons and Sioni Group were in contract to acquire 235,000 square feet of air rights (from the landmarked Haier Building) for their development assemblage at 989-993 Sixth Avenue, located on the corner of West 37th Street, in the Garment District section of Midtown. They have since closed on the purchase for an undisclosed amount, and now, the development team is planning a roughly 80-story mixed-use building, which could likely include retail space near the street level, a hotel, and residential units, according to The Real Deal. The site could boast up to 375,000 square feet of as-of-right development potential if the 21-story, 90,000-square-foot office building at 989-991 Sixth is demolished. The building reportedly won’t be demolished until at least 2019, probably due to existing leases. The corner lot at 993 Sixth Avenue is occupied by a partially built 18-story hotel project, which will also probably be demolished (it’s five stories in height).

Office Space Headed to 187 Cook Street in East Williamsburg

7:00 am on April 21, 2016 By Rebecca Baird-Remba

Uncertainty over the future of an important tax exemption for residential construction, 421-a, is forcing developers in the outer boroughs to focus on building office and retail space. The latest example comes to us from East Williamsburg, where the Loketch Group aims to put up a six-story office and medical building.

Developer Plans 213-Unit Condo Conversion at 13-Story Rental Building, 225 West 86th Street, Upper West Side

11:00 am on April 20, 2016 By Reid Wilson

HFZ Capital is planning to convert the Belnord – a 13-story, 218-unit rental building at 225 West 86th Street, on the Upper West Side – into 213 condominium units. The developer recently filed their plans with the Attorney General’s office and expects the future condominiums to be worth a total $1.3 billion, according to The Real Deal. HFZ acquired the residential portion of the block-encompassing building – bound by West 86th and 87th streets, Broadway, and Amsterdam Avenue – for $575 million last year. The ground-floor sections contain retail space and will be left untouched. The property is an individual landmark (and is also listed on the U.S. National Register of Historic Places), which means any exterior alterations must be approved by the Landmarks Preservation Commission.

New Details, Rendering of 55-Story, 130-Unit Condo Tower Planned at 281 Fifth Avenue, NoMad

6:00 am on April 20, 2016 By Reid Wilson

Back in June of 2015, YIMBY revealed initial renderings of the 52-story, 141-unit residential tower planned at 281 Fifth Avenue, located at the corner of East 30th Street in NoMad. Although the latest filings still describe the same building, Curbed NY now has a new partial rendering depicting the façade of a 55-story, 130-unit tower on the corner site. The latest diagrams indicate the the 266,963-square-foot tower will rise 728 feet above street level. It will contain 7,927 square feet of retail space across the cellar, ground, and second floors, followed by residential amenities on the third through seventh floors. The residential units above will be condominiums, averaging 1,611 square feet apiece.

City to Draft Revitalization Plans with Possible Rezoning for Edgemere Neighborhood in Queens

4:00 pm on April 19, 2016 By Reid Wilson

The New York City Department of Housing Preservation and Development (HDP) has held meetings with community members of Edgemere, Queens, in an effort to revive the significantly disinvested and Hurricane Sandy-ravaged area. Edgemere is the neighborhood located between Beach 35th Street and Beach 50th Street, in the Rockaways. HDP has drafted a wish list for the neighborhood, which includes a bird sanctuary, playgrounds/park spaces, and retail corridors, according to the Wall Street Journal. The entire area is also in a flood zone, and both the city, who owns many vacant lots in the neighborhood, and home owners share the same concern for flood protection measures. Proposals for the area, which could include a rezoning that supports mixed-use corridors, densification, and/or affordable housing, are expected to be released this summer. The area is large and suburban in nature and benefits from stops on the A train at Beach 36th and Beach 44th streets.

Four-Story, Six-Unit Mixed-Use Building Coming to 2173 65th Street, Mapleton

1:00 pm on April 19, 2016 By Reid Wilson

Brooklyn-based property owner Yong Lin has filed applications for a four-story, six-unit mixed-use building at 2173 65th Street, in Mapleton, located three blocks from the Bay Parkway stop on the N train. The structure will measure 4,417 square feet, and will include an 871-square-foot retail space on the ground floor. The residential units above should average a rental-sized 591 square feet apiece, and amenities will include a laundry located in the cellar. Benjamin B. Lam’s Queens-based Lam & Lam Engineering is the applicant of record. The 24-foot-wide, 2,400-square-foot lot is currently vacant. The site’s predecessor, a two-story house, was demolished back in 2006.

Construction Underway at 14-Story, 100-Unit Mixed-Use Building at 175 Delancey Street, Essex Crossing, Lower East Side

10:00 am on April 19, 2016 By Reid Wilson

In January, news broke that New York University’s Langone Medical Center signed a lease for 55,000 square feet on three floors of the planned 14-story, 100-unit mixed-use project at 175 Delancey Street – Site 6 of the Essex Crossing mega-development – located on the Lower East Side. Now, construction is ongoing on the ground-floor of the building, The Lo-Down reports. This portion of the development will measure 177,950 square feet and will feature 100 senior housing units. In addition to the medical center, the project’s four-story base will include 6,000 square feet of retail, a 13,000-square-foot senior center with a coffee shop, a 24,000-square-foot education facility, and a 4,000-square-foot outdoor garden. Dattner Architects is behind the design, and Delancy Street Associates (L+M Development Partners, Taconic Investment Partners, and BFC Partners) is developing. Completion is expected in 2017.

33-Story, 179-Unit Mixed-Use Project Rises at 520 West 30th Street, Chelsea

6:30 am on April 19, 2016 By Reid Wilson

Back in October of 2015, foundation work was wrapping up on the 28-story, 174-unit mixed-use project under development at 520 West 30th Street, in West Chelsea. Since then, construction plans have been amended to build a slightly larger building, which is now up to the fourth floor and rising, as seen in photos taken by Tectonic earlier this month. The latest permits indicate the 315,586-square-foot project will stand 33 stories, or 367 feet, above street level (393 feet if you count the bulkhead). There will be 13,219 square feet of retail space across the ground floor, followed by 179 residential units (up from 174) that should average 1,250 square feet apiece, indicative of condominiums.

Foundation Work Underway at Seven-Story, 36-Unit Mixed-Use Building at 306 West 142nd Street, Harlem

6:00 am on April 19, 2016 By Reid Wilson

In June of 2015, YIMBY reported on applications for a seven-story, 36-unit mixed-use building at 306 West 142nd Street, in northern Harlem. Since then, a rendering has surfaced of the project, and concrete pouring for the foundation is underway, Harlem+Bespoke reports. The structure will encompass 38,991 square feet, of which 2,036 square feet of space will be designated for a ground-floor community facility. The residential units should average 650 square feet apiece, indicative of rental apartments, and amenities include storage space for 18 bikes, laundry, an outdoor space on the ground-floor, and a rooftop terrace. Montroy Andersen DeMarco is designing, although EDI International is currently serving as the architect of record. Heritage Real Estate Partners is the developer. Completion can probably be expected in 2017.

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Mixed-Use

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