Brief

21-00 49th Avenue

Developers To Convert Two Long Island City Industrial Buildings At 21-09 Borden, 21-00 49th Avenues Into Office Space

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

In February, Related Companies and GreenOak Real Estate purchased the seven-story, 168,000-square-foot industrial building at 21-09 Borden Avenue, in southern Long Island City, for $62.5 million. The Real Deal now reports the developers have secured a total of $60.8 million in loans, some of which will be used to convert the property into an office building. The two developers also purchased the Paragon Building – a six-story, 108,000-square-foot former industrial building at 21-00 49th Avenue, in southern Long Island City – for roughly $47.5 million. The property is located two blocks to the north and is also expected to be converted into office space. An architect and targeted completion dates have not been disclosed.

1080 38th Street

Four-Story Commercial Warehouse-Synagogue Project Planned At 1080 38th Street, Borough Park

11:00 am on March 23, 2016 By Reid Wilson

Brooklyn-based Park Avenue Management has filed applications for a four-story, 6,309-square-foot mixed-use building at 1080 38th Street, in northern Borough Park, located two blocks from the 9th Avenue stop on the D train. The first two floors will contain 3,351 square feet of commercial space in the form of a warehouse and office space. The third and fourth floors will contain a 2,958-square-foot synagogue. Diego Aguilera’s Rego Park-based architecture firm is the architect of record. The 20-foot-wide, 1,903-square-foot plot of land is currently occupied by a two-story, two-unit townhouse. Demolition permits were filed earlier this month.

79 Eldridge Street

10-Story, 38-Key Hotel Filed At 79 Eldridge Street, Lower East Side

10:00 am on March 23, 2016 By Reid Wilson

Osher Niyazov, doing business as a Forest Hills-based LLC, has filed applications for a 10-story, 38-key hotel building at 79 Eldridge Street, on the Lower East Side. The new building will measure 16,969 square feet in total and individual hotel rooms should average 346 square feet apiece. Guest amenities will include a fitness center and a café in the cellar. Queens-based Julien Flander is the applicant of record, although Ellipses Design will be responsible for the architecture. The Lo-Down reports New Jersey-based Shew Foo Chin acquired the vacant 25-foot-wide lot for $5.3 million this past February. The specific hotel brand has not been revealed.

515 West 52nd Street

Two Performance Theaters Being Built On Ground Floor Of 515 West 52nd Street, Hell’s Kitchen

6:30 am on March 23, 2016 By Reid Wilson

MCC Theater has broken ground on a long-planned venue inside the 27-story, 627-unit Avalon Clinton at 515 West 52nd Street, in Hell’s Kitchen. Crain’s reports the performance facility will measure 27,000 square feet across the ground floor and a mezzanine level. The space inside the building was initially intended for a nonprofit’s use when it was built in 2004, but has remained vacant since then. In 2011, plans to build a performance facility kicked off, and the theater organization along with the city’s Department of Cultural Affairs raised $29.9 million for the project. When construction wraps up in 2018, there will be 249-seat theater and a 99-seat theater. Andrew Berman Architect is designing the theaters, which will include associated workshop, meeting, and rehearsal spaces, as well as a grand lobby and connections to the existing outdoor courtyard space. AvalonBay currently owns the property.

610 Warren Street

Updated Rendering Of Seven-Story, 31-Unit Condominium Project At 610 Warren Street, Boerum Hill

6:00 am on March 23, 2016 By Reid Wilson

Towards the end of 2015, YIMBY revealed initial renderings of the seven-story, 31-unit residential building planned at 610 Warren Street, in Boerum Hill, located six blocks south of the Atlantic Avenue-Barclays Center stop on the B/D/N/Q/R/2/3/4/5 trains. YIMBY now has an updated rendering of Adam America Real Estate’s new building, dubbed Six Ten Warren, which will encompass 47,050 square feet. Its condominium units should average 1,150 square feet apiece. The apartments will come in one-, two-, three-, and four-bedroom configurations, and some of them will be duplexes and triplexes. Paris Forino Design is responsible for the interiors and Issac & Stern Architects is behind the overall design. Amenities will include a 645-square-foot rooftop terrace, a gym, a children’s playroom, private storage space, residential lounges, a parking garage, and bicycle storage. Construction is currently underway and completion can be expected in the spring of 2017.

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