New York

562 Fifth Avenue

Developer Begins Demolition At Fifth Avenue-West 46th Street Assemblage, Midtown

Gary Barnett’s Extell Development is moving forward with an unknown project on the corner of Fifth Avenue and West 46th Street, in Midtown’s Diamond District. Curbed NY reports the developer recently filed demolition permits for six five-story commercial buildings spanning 3-13 West 46th Street. The row of buildings are currently masked with black netting, which means demolition should begin soon.

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25 Kent Avenue, rendering via Heritage Equity Partners

How the City is Encouraging Office Development and Manufacturing in North Williamsburg

Just as the MTA considers a lengthy L train shutdown to repair flood damage from Hurricane Sandy, the Department of City Planning has kicked off the approval process for Williamsburg’s first new office building in decades. But the rezoning for the development at 25 Kent Avenue includes a policy that could shape industrial areas throughout the city. It would create a special district that allows developers to trade light manufacturing space for extra office space.

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375 Pearl Street

Office Renovation, Leasing Underway At 32-Story Verizon Building, 375 Pearl Street, Civic Center

Sabey Data Center Properties is in the middle of renovating the former Verizon Building, a 32-story, 1.1-million square-foot building at 375 Pearl Street, in Lower Manhattan’s Civic Center. The building was designed by Rose, Beaton & Rose and completed in 1976. Up to 15 floors, or 500,000 square feet, are being converted into office space, dubbed Intergate.Manhattan, and the remaining area will be exclusively data center space. Three sides of the building on the new office levels will receive a glass façade. According to The Real Deal, the city’s Department of Finance is planning to lease 175,000 square feet of space located on the 26th through 30th floors. Other smaller leases have been signed over the past two years, and the renovation is expected to be complete by the end of this year.


37-60 103rd Street

Four-Story, Four-Unit Mixed-Use Building Planned At 37-60 103rd Street, North Corona

Property owner Wei Chen has filed applications for a four-story, four-unit mixed-use building at 37-60 103rd Street, in North Corona, located two blocks from the 103rd Street – Corona Plaza stop on the 7 train. The project will measure 7,299 square feet in its entirety, 3,709 square feet of which will be residential space for two duplex units. Retail space will measure 1,479 square feet on the ground floor. Robert Lin’s Flushing-based A&T Engineering is the applicant of record. An existing two-story townhouse must first be demolished.


368 East 194th Street

Five-Story, 18-Unit Residential Development Planned At 368 East 194th Street, Fordham

Chee Wong’s TNE Buildings has filed applications for one five-story, 10-unit building and one five-story, eight-unit residential building at 368-372 East 194th Street, in Fordham, five blocks from the Kingsbridge Road stop on the B and D trains. Located minutes from Fordham University’s Rose Hill campus, the 10-unit one will have 7,965 square feet in residential space, which means units will average 796 square feet apiece. Meanwhile, the other one will have 4,791 square feet of residential space, with units measuring an average 599 square feet each. Pirooz Soltanizadeh’s Jamaica-based Royal Engineering is the applicant of record. Last October, two existing 2.5-story houses were filed for demolition.


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