2015 marked the 50th anniversary of the New York City landmarks law. There were occasions to celebrate, and the Landmarks Preservation Commission designated six individual landmarks and four historic districts. 2016 was considerably busier for the commission. It designated 40 individual landmarks and two historic districts, including 12 new Midtown East landmarks and 26 sites from its backlog. Here are all of them, for you to take in as the year comes to a close.
After months of negotiations with the community, developer Avery Hall Investments has agreed to amendments to its two-building, mixed-use development planned at 120 Fifth Avenue, located on the corner of Baltic Street in Park Slope. When the plans were initially presented in February, YIMBY reported that the 196,000-square-foot project would include 165 residential units and 52,000 square feet of retail. Twenty-five percent, or 41 units, would rent at below-market rates through a lottery and 7,500 square feet of the retail space would be designated for a grocery store.
Sugar Hill Capital Partners has closed on the purchase of the vacant nine-story, 169,410-square-foot former senior residential facility at 1 Prospect Park West, located on the corner of Plaza Street West in Park Slope, for $84 million. The developer plans to convert the building, called Prospect Park Residence, into luxury residential units. It wasn’t specified whether they will be rentals or condominiums. Since Sugar Hill entered into contract for the property in 2014, a number of controversial evictions have taken place, some ending in buyouts and settlements, The Real Deal reported.
Back in October of 2015, the Landmarks Preservation Commission (LPC) approved plans to redevelop the multi-story Pavilion cinema, at 188 Prospect Park West, located on the corner of 14th Street in southern Park Slope, into a smaller movie theater and 24 condominium units. Those plans have now been scrapped entirely, in favor of a simpler renovation, the New York Times reported. The existing Pavilion structure, acquired by an anonymous LLC in August for $28 million, will be renovated to accommodate a Nitehawk Cinema, dubbed Nitehawk Prospect Park. The new theater will include seven screens for a total of 650 seats, two bars, dining services, and a restored interior atrium. Existing operations at the Pavilion will end in October, and the renovation is expected to take a year to complete. Hidrock Properties still owns the adjacent single-story property where an expansion would have occurred. Of course, any exterior alterations that go into the the cinema renovation will have to be approved by the LPC.
Just last week, a rendering was revealed of the planned eight-story condominium project coming to 137 Fourth Avenue (a.k.a. 334 Butler Street), in northern Park Slope. Now, official new building applications have been filed with the Building Department. The development will measure 18,106 square feet and will contain 1,385 square feet of commercial-retail space on the ground floor. Thirteen residential units will be located on the second through eighth floors, average 967 square feet apiece. Two duplex penthouses will occupy the seventh and eighth floors. Amenities include private residential storage, a fitness center, and a rooftop terrace. Arbie Development is the developer and ARC Architecture + Design Studio is the architect. A three-story townhouse must first be demolished. Completion is expected in 2018.