BFC Partners

475 Bay Street

Developer Acquires Site of Proposed Eight-Story, 214-Unit Mixed-Use Building at 475 Bay Street, Stapleton

2:00 pm on July 8, 2016 By Reid Wilson

BFC Partners is in contract to purchase the 53,922-square-foot vacant lot at 475 Bay Street, in Stapleton, for $4 million, Commercial Observer reported. That’s on Staten Island’s North Shore. As YIMBY reported in 2014, the developer is planning to build an eight-story, 214-unit mixed-use building at the site. Buildings applications call for a project of 183,000 square feet, where 12,500 square feet would be for ground-floor retail space. The apartments, averaging 750 square feet apiece, would be rentals ranging from studios to three-bedrooms. Many of the them would also rent at below-market rates. An exact figure wasn’t given for how many, but BFC would be required to designate 25 percent of the units to affordable housing. The site is located on the southern end of a potentially rezoned 14-block corridor of Bay Street. In fact, the project relies on the rezoning to move forward. Pending the rezoning, BFC hopes to break ground in 2017. Edelman Sultan Knox Wood Architects is the architect of record. The neighborhood’s Staten Island Railway station is three blocks to the south.

175 Delancey Street

14-Story, 100-Unit Mixed-Use Building Rises to Eighth Floor at Essex Crossing’s 175 Delancey Street, Lower East Side

4:00 pm on July 7, 2016 By Reid Wilson

The 14-story, 100-unit mixed-use building under development at 175 Delancey Street, on the Lower East Side, is now eight stories above street level, which is a seven-story increase since April. A photo of the construction progress can be seen via the YIMBY Forums by Tectonic. The latest building permits indicate the structure will measure 177,950 square feet. The project’s four-story base will host a 55,000-square-foot medical facility run by NYU Langone Medical Center, 6,060 square feet of retail on the ground floor, a 24,000-square-foot educational facility, a 13,000-square-foot senior center fit with a coffee shop, and a 4,000-square-foot garden terrace. There will be 100 affordable senior housing units on the 10 floors above. Amenities include laundry facilities and storage for 57 bikes. Delancey Street Associates, comprised of L+M Development Partners, Taconic Investment Partners, and BFC Partners, is the developer. Dattner Architects is designing. The building is Site 6 of the Essex Crossing mega-development, and completion of this component is expected in 2017.

110 St. Edwards Street

Reveal for 16-Story, 145-Unit All-Affordable Senior Building at 110 St. Edwards Street, Fort Greene

6:00 am on May 6, 2016 By Reid Wilson

Back in July of 2015, it was revealed that the New York City Housing Authority was planning an all-affordable residential building at 110 St. Edwards Street, located at the corner of Myrtle Avenue within the Ingersoll Houses public housing development, in Fort Greene. Now, a rendering, along with additional details, have been revealed on the building in a report by the New York Times. The building will rise 16 stories and will host 145 below-market rate, senior-exclusive (62-years-old and up) rental apartments. The project, dubbed Ingersoll Senior, will also include a senior center featuring a variety of services. BFC Partners is the developer and will ground-lease the property from the city. Construction is expected to begin next year.

175 Delancey Street

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.

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