Brief

23-20 Jackson Avenue

65,000-Square-Foot Mixed-Use Commercial Building Planned At 23-20 Jackson Avenue, Long Island City

8:00 am on September 26, 2016 By Reid Wilson

The Vorea Group has signed a 99-year ground-lease, worth roughly $350 million, for the 10,000-square-foot development site at 23-20 Jackson Avenue, located on the corner of Pearson Street in the Court Square section of Long Island City. The developer plans to build a mixed-use commercial building measuring between 50,000 square feet and 65,000 square feet, according to the Wall Street Journal. The lower floors will contain 30,000 square feet of retail space while the upper floors will feature offices. The site, currently occupied by a single-story commercial building, can accommodate up to 50,000 square feet of leasable commercial square-footage. Neither demolition permits nor new building applications have been filed. Real Estate Weekly reported on the details of the lease.

1880 Bathgate Avenue

Eight-Story, 190-Unit Mixed-Use Project Filed At 1880 Bathgate Avenue, Tremont

6:30 am on September 26, 2016 By Reid Wilson

Wilfred Realty Corp. has filed applications for an eight-story, 190-unit mixed-use complex at 1880 Bathgate Avenue, in the West Bronx’s Tremont section. The 173,627-square-foot project will include two eight-story components, a western one along Bathgate Avenue and an eastern one along Firefighters Boulevard. There will be 21,820 square feet of retail and 2,460 square feet of community facility space across the ground floors. The residential units above should average 786 square feet apiece, indicative of (likely below-market-rate) rental units. SLCE Architects is the architect of record. The 36,101-square-foot assemblage consists of multiple single- and two-story warehouses. Demolition permits were filed in August. The Tremont station on Metro-North Railroad is three blocks away.

25 Columbus Drive

750-Unit Mixed-Use Tower With School Proposed At 25 Columbus Drive, Jersey City

6:00 am on September 26, 2016 By Reid Wilson

Joint venture PH Urban Renewal, comprised of developers L+M Development Partners and Low-Income Housing Corporation, is proposing to develop a mixed-use tower at 25 Columbus Drive, in the Paulus Hook section of Jersey City. At this point, the project is expected to include up to 750 residential units, of which five percent (37 units) would be designated as affordable, the Jersey Journal reported. The tower’s base would feature a 35,000-square-foot, 200-student privately-funded public school for levels pre-K through first grade.

50-25 Barnett Avenue

Rezoning Application Withdrawn for Seven-Story, 209-Unit Affordable Residential Building at 50-25 Barnett Avenue, Sunnyside

2:00 pm on September 23, 2016 By Reid Wilson

In March, YIMBY reported that the Uniform Land Use Review Procedure (ULURP) kicked off for the 10-story, 220-unit mixed-use building proposed at 50-25 Barnett Avenue, in Sunnyside. Earlier this week, developer Phipps Houses withdrew their application for the project, Politico reported, which means the project has been cancelled. The ULURP process was suppose to conclude by the end of this month. Since March, it appears the developer scaled down the project to seven stories and 209 units, but that move proved unsuccessful in relieving opposition. It would have included a 4,000-square-foot pre-K school on the ground floor and between 25 to 30 percent of the units would have rented at below-market rates through the housing lottery. New plans for the site have not been revealed, but it’s zoned for up to 60,000 square feet of commercial and community facility space as-of-right.

40-31 82nd Street

Reveal for Seven-Story, 160,000-Square-Foot Commercial Project Planned at 40-31 82nd Street, Elmhurst

1:00 pm on September 23, 2016 By Reid Wilson

Sun Equity Partners and the Heskel Group have closed on the $27 million purchase of the 23,439-square-foot site at 40-31 82nd Street, located along Ithaca Street and Baxter Avenue in northern Elmhurst. The duo plan to build a seven-story, 160,000-square-foot mixed-use commercial building, The Real Deal reported. Dubbed The Shoppes At 82nd Street, it will feature 45,000 square feet of retail space on the ground and cellar levels, followed by 100,000 square feet of community facility space on the floors above. No new building applications have been filed at this time. An old, vacant movie theater, in addition to multiple single- and two-story commercial structures, must first be demolished. The 82nd Street-Jackson Heights stop on the 7 train is a few steps away.

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