Brief

Four-Story, Seven-Unit Residential Project Planned at 81-14 101st Avenue, Ozone Park

2:00 pm on May 18, 2016 By Reid Wilson

Richmond Hill-based Amar Marketing Enterprises III has filed applications has filed applications for a four-story, seven-unit residential building at 81-14 101st Avenue, in Ozone Park, located two blocks from the 80th Street stop on the A train. The structure will measure 5,012 square feet, which means its residential units should average 716 square feet apiece, indicative of rental apartments. There will be two apartments per floor on the ground through third levels, followed by a single unit on the fourth floor. Barry J. Bank’s Kew Gardens-based engineering firm is the applicant of record. The 25-foot-wide, 2,506-square-foot lot is currently occupied by a metal garage structure.

Seven-Story, Eight-Unit Mixed-Use Building Filed at 1010 Fulton Street, Clinton Hill

1:00 pm on May 18, 2016 By Reid Wilson

Midtown South-based Mike Shamash has filed applications for a seven-story, eight-unit mixed-use building at 1010 Fulton Street, in southern Clinton Hill, located two blocks from the Franklin Avenue stop on the C train and Franklin Avenue Shuttle. The structure will encompass 11,000 square feet, of which 1,665 square feet will be designated to ground-floor retail. Beginning on the second floor, the residential units should average 815 square feet, which means rental apartments are likely in the works. Three of the apartments will be duplexes. Long Island-based Shahriar Afshari is the applicant of record. The 20.5-foot-wide, 2,091-square-foot lot is currently vacant.

Renovations Planned at 37-Story, 265-Unit Rental Tower at 1735 York Avenue, Upper East Side

11:00 am on May 18, 2016 By Reid Wilson

Earlier this month, Bonjour Capital entered into contract to purchase, for roughly $140 million, the 37-story, 265-unit rental apartment tower at 1735 York Avenue, located on the corner of East 90th Street, in the Yorkville section of the Upper East Side. The future owner is planning to renovate and rebrand the residential tower, currently dubbed the Hamilton, as the Serrano. Renderings of the renovation have now been revealed by The Real Deal. It appears upgrades will be made to the lobby and the amenity areas. Existing amenities in the 280,0000square-foot building include tenant services, a fitness center, an outdoor patio, a rooftop deck, a children’s playroom, and a greenhouse. Bonjour Capital recently secured $104 million in financing for the acquisition. The tower was built in 1986 by Glenwood Management.

Four-Story Building Being Transformed Into 100-Bed Homeless Shelter, 1154 Dekalb Avenue, Bushwick

10:00 am on May 18, 2016 By Reid Wilson

The four-story tenement buildings at 1154-1156 Dekalb Avenue, in central Bushwick, are now being renovated into a 100-bed, male-exclusive homeless shelter, according to DNAinfo. Occupants of the homeless shelter are expected to live there for an average of nine months. After two years, the building will be turned into a permanent supportive housing facility, per the New York City Department of Social Services. The Neighborhood Association for Inter-Cultural Affairs will operate the homeless shelter. Damon House, the owner of the buildings, operated a drug treatment facility on the property until the facility’s closure in January. The structures are currently vacant. A deed restriction on the properties requires that they be used for homeless New Yorkers.

Ground Broken for 90,000-Square-Foot Warehouse and Distribution Facility at 925 Julia Street, Elizabeth

6:00 am on May 18, 2016 By Reid Wilson

Developers Elberon Development Group and the Avidan Group have broken ground on a 90,000-square-foot warehouse and distribution facility at 925 Julia Street, located within Elizabeth, New Jersey’s northeastern industrial section near Newark Liberty International Airport. The structure will have two 45,000-square-foot units, featuring 36-foot-tall ceilings, up to 24 loading docks, and an 80-trailer parking lot. Pilot Freight Services has already signed a 45,000-square-foot lease in the building, according to Law.com. The site – bound by Julia Street, Henry Street, and Fairmount Avenue – has largely sat long vacant. Completion is expected in September.

14-Story Scribner Printing Plant Building at 311 West 43rd Street Getting Office Renovation, Hell’s Kitchen

4:00 pm on May 17, 2016 By Reid Wilson

In December of 2015, William Maklowe Company and Principal Real Estate Investors acquired the 14-story, 190,000-square-foot former Scribner Printing Plant building – located at 311 West 43rd Street, in Hell’s Kitchen – for $107 million. Now, the owners are are renovating the former industrial property into modern office space, dubbed The Press, according to Commercial Observer. The renovations include a redesigned lobby, a new canopy over the entrance, new windows, and a top-down revitalization of the interior. Some of the vacant floors will see a more extensive overhaul, like the 12,749-square-foot eleventh floor, which will get a high-end kitchen, and glass conference rooms. Other upgrades include a penthouse lounge, equipped with a pantry, and an outdoor roof deck. Construction is expected to wrap up by the end of the summer. Currently, there’s about 80,000 square feet of vacant space in the building.

Two Three-Story, Three-Unit Residential Buildings Filed at 206-210 Bay 29th Street, Bath Beach

3:00 pm on May 17, 2016 By Reid Wilson

Richard Napolitano, doing business as an anonymous Brooklyn-based LLC, has filed applications for two three-story, three-family residential buildings at 206-210 Bay 29th Street, in Bath Beach, located four blocks from the Bay Parkway stop on the D train. Each structure will measure 4,004 square feet, and the development’s full-floor units should average 1,001 square feet apiece, indicative of condominiums. There will also be a total of four off-street parking spaces. Douglas Pulaski’s Brooklyn-based Bricolage Designs is the architect of record. The 60-foot-wide lot is currently occupied by a two-story, wood-framed house. Demolition permits were filed in January.

Four-Story, 10-Unit Residential Building Filed at 267 Evergreen Avenue, Bushwick

2:00 pm on May 17, 2016 By Reid Wilson

Jacob Scherman, doing business as an anonymous Brooklyn-based LLC, has filed applications for a four-story, 10-unit residential building at 267 Evergreen Avenue, in central Bushwick, located three blocks from the Kosciuszko Street stop on the J train. The structure will measure 9,990 square feet, and its residential units should average 917 square feet apiece, which means family-sized rental apartments are probably in the works. The project will be topped by a penthouse (with access from one of the units on the fourth floor) and a rooftop recreational area. Amenities also include two off-street parking spaces. Woody Chen’s Flushing-based Infocus Design & Engineering is the applicant of record. A dilapidating two-story wood-framed structure must first be demolished.

Six-Story, 56-Unit Mixed-Use Rental Building to Get Renovations, 51 Irving Place, Gramercy

1:00 pm on May 17, 2016 By Reid Wilson

Springhouse Partners has acquired, for $55 million, the six-story, 56-unit mixed-use building at 51 Irving Place, located on the corner of East 17th Street in Gramercy. The 42,502-square-foot property contains about 10,000 square feet of commercial space, which is currently split between five retail units and a single office unit. The residential units above are rental apartments, most of which are market-rate. The new owners plan to conduct renovations, according to The Real Deal. Work will include upgrades to the façade and interiors, and the addition of residential amenities. The apartments will remain as rentals. The property could also accommodate a small expansion, as it contains 5,000 square feet of air rights, although such plans to build an expansion are not known. Springhouse Partners recently secured a $37 million mortgage to finance the acquisition.

Foundation Work Complete at Site of 15-Story, 43-Unit Residential Project, 41-32 27th Street, Long Island City

11:00 am on May 17, 2016 By Reid Wilson

Back in March, renderings were revealed of the 15-story, 43-unit residential building under development at 41-32 27th Street, in the Queens Plaza section of Long Island City. Now, foundation work is nearly complete, The Court Square Blog reports, which means the structure can begin rising above street level. The new building, dubbed Steel Haus, will encompass 43,808 square feet upon completion. Its residential units, which will be rental apartments, should average 800 square feet apiece. Amenities include a fitness center, storage space for 23 bikes, private residential storage, and a rooftop recreational area. The Hakimian Organization is the developer, with ARC Architecture + Design Studio serving as the architect. David Howell Design is in charge of designing the interiors. Completion is expected in early 2017.

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