Over a year ago, Blesso Properties shelled out $33 million for the former Lincoln Savings Bank site at 525 Broadway, next to the elevated subway tracks in Williamsburg. Now they’ve filed plans for a 27-story, mixed-use building that will be nearly evenly divided between apartments and office space.
Earlier this year, the city paid $53 million to acquire the property at 1 North 12th Street, located between North 12th and 14th streets along Kent Avenue on the border of Greenpoint and Williamsburg, with plans to convert the site into public park space. The city has now agreed to pay $160 million for the 11-acre CitiStorage site, located between North 10th and 12th streets at 5 North 11th Street, Crain’s reported.
At a City Council hearing today, the Department of Housing Preservation and Development endorsed a pair of bills that would require annual audits to crack down on builders who are skirting affordable housing requirements in the 421-a property tax exemption program.
The 41-story, 977,745-square-foot mixed-use tower known as 3 Park Avenue, located between East 33rd and 34th streets in Midtown South, is set to receive a $30 million renovation. The 556-foot-tall tower’s lobby will be redesigned, the exterior will be modernized, and its 25,000 square feet of retail will see renovations. Other aspects of the project include renovations to the hallways and common areas, and upgraded mechanical infrastructure, Commercial Observer reported. Pelli Clarke Pelli Architects is designing the renovation, with AREA Architects responsible for redesigning the lobby.
Long Island City-based Bayside Contracting has filed applications for a four-story, three-unit mixed-use building at 35-48 32nd Street, on the southern end of Astoria. The project will measure 3,068 square feet, including 1,331 square feet of ground-floor retail space, followed by three residential units across the floors above. The full-floor apartments should average 579 square feet apiece, indicative of rentals. Joseph Sultana’s Bayside-based JLS Designs is the architect of record. The 25-foot-wide, 2,500-square-foot lot is occupied by a three-story townhouse. Demolition permits have not been filed.
