The eight-story, 65,000 square-foot warehouse at 541 West 21st Street, in West Chelsea, has been placed on the market as a redevelopment site. The property could be worth more than $65 million, according to Crain’s Business. The commercial property is primed for a hotel or office conversion. Property owner Erno Bodek has tasked Meridian Investment Sales and Rosewood Realty Group with marketing the property.
Yidel Hirsch has filed applications for a four-story, 10-unit residential building at 194-196 Freeman Street, in northern Greenpoint, three blocks north of the Greenpoint Avenue station on the G train. The building will measure 8,985 square feet, which means units will average nearly 900 square feet. An existing three-story mixed-use building must first be demolished, and Julien Flander is the applicant of record.
Fisher Brothers, Witkoff, and New Valley have closed on a $445 million construction loan for their planned 58-story, 157-condo-unit luxury tower at 111 Murray Street, in Tribeca. YIMBY brought you new renderings of the Kohn Pedersen Fox-designed building last month, and David Mann is designing the interiors; retail space will also measure 2,100 square feet on the ground floor.
Last Summer, YIMBY brought you news of General Growth Properties’ plans to expand the 1.2 million square-foot Staten Island Mall, at 2655 Richmond Avenue, by 418,000 square feet. Perkins Eastman is designing, and the first renderings of the expansion were released in February. Now, per Commercial Observer, the City Planning Commission has approved the project, and updated renderings are available. Construction will begin once the DOB green-lights the building permits, and completion is expected in 2017.
In September of 2014, work kicked off at 42-60 Crescent Street, in Long Island City, where Rising Developers Group is building a 10-story, 40-condo-unit residential building, with 2,310 square feet of retail space on the ground floor. Dubbed Factory House, the building topped-out in April. Now façade installation is wrapping up and scaffolding is coming down, The Court Square Blog reports. Alfredo Fredericks is the architect of record, and completion is expected later this year.
