Brief

92 Morningside Avenue

Construction Wraps on 10-Story, 45-Unit Residential Project at 92 Morningside Avenue, Harlem

Back in June of 2015, the 10-story, 45-unit residential redevelopment project at 92 Morningside Avenue, located on the corner of West 122nd Street in Harlem, topped out. Now, construction on the exterior of the structure is wrapping up, as seen in photos in a Harlem+Bespoke report. The site’s old seven-story pre-war building received a three-story, 11,677-square-foot vertical expansion and now boasts 60,714 square feet of residential space. Before the expansion, the building was more densely occupied with 50 apartments, but it is now home to 45 rental units ranging from one- to four-bedrooms. The apartments should average a spacious 1,349 square feet apiece and will include duplex penthouses. Amenities include storage for 23 bikes, a fitness center, a children’s playroom, and a rooftop terrace. Renaissance Realty Group is the developer, while Nataliya Donskoy’s Brooklyn-based ND Architecture & Design is behind the architecture. Occupancy is expected in the coming months.


LaGuardia Airport

Development Team Closes on Deal with Port Authority to Rebuild LaGuardia Airport

Back in March, the Port Authority of New York & New Jersey (PANYNJ) officially approved plans to rebuild LaGuardia Airport, in East Elmhurst, in addition to incorporating a 24-hour ferry service and an AirTrain to help transport travelers. Now, LaGuardia Gateway Partners – comprised of Vantage Airport Group, Skanska, and Meridiam – has closed on a deal with the Port Authority to actually construct the project, and to operate the new 1.3-million-square-foot airport through 2050, according to Crain’s. Demolition is expected to begin within the next few months on the five-story parking garage in front of the Central Terminal building. The Central Terminal will be the first portion to be redeveloped and is expected to be complete by 2021, followed by Terminals C and D. The development team, which is putting up $1.8 billion of its own money, has already secured $2.5 billion in financing. The Port Authority is responsible for an additional $2.2 billion that will go towards infrastructure work.


Hunters Point South

Request for Proposals for Two Residential Portions of Hunters Point South Mega-Project, Long Island City

Back in February, we learned that the New York City Department of Education (NYCDOE) and the School Construction Authority (SCA) are planning a 600-student elementary school on block “F” of the Hunters Point South mixed-use, mixed-income mega-development, located in southwestern Long Island City. Now, the Department of Housing Preservation and Development (HPD) is preparing to launch a Request for Proposals (RFP) for two residential portions of the mega-project, one located on block “F” adjacent to the school, and the other on block “G,” Crain’s reported. Together, the two buildings are expected to include at least 750 residential units, of which 450 would rent at below-market rates. There would also be retail space and some form of community facility space. Proposals will be due in September, and a development team will be selected in early 2017.


737 Park Place

Four-Story, Two-Family Mixed-Use Building Coming to 737 Park Place, Crown Heights

Itamar Bruhim, doing business as an anonymous Floral Park-based LLC, has filed applications for a four-story, two-unit mixed-use building at 737 Park Place, in western Crown Heights, located five blocks from the Franklin Avenue stop on the 2/3/4/5 trains. The structure will measure 4,378 square feet, and 1,254 square feet of that will be dedicated to ground-floor retail space. Above, one unit will be hosted on the second and third floor, and a second unit will be located in the fourth floor and penthouse level. The apartments should average a spacious 1,612 square feet, which means condominiums must be in the works. Roman Sorokko’s Little Neck-based Versatile Engineering is the applicant of record. The 20-foot-wide, 1,513-square feet lot is currently vacant.


55-40 66th Street

Two Three-Story, Two-Family Buildings Coming to 55-40 66th Street, Maspeth

Flushing-based property owner Chunhui Lin has filed applications for two three-story, two-family residential buildings at 55-40 – 55-40A 66th Street, in Maspeth, located directly north of the Long Island Expressway. Each will measure 2,423 square feet. Both will feature the same general unit configuration, with one unit located on the ground floor and the second unit hosted on the second and third floors. Across both, the apartments should average 908.5 square feet apiece. Each structure will have its own laundry facilities and a single off-street parking spot. Flushing-based Zheng & Associates is the applicant of record. The 50-foot-wide plot of land is currently vacant. Filings were previously submitted for a similar project in 2014, but were withdrawn.


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