A 24-unit condominium conversion of the landmarked six-story, 44-rental-unit building at 101 West 78th Street, on the Upper West Side, has received the go-ahead to continue construction. Newcastle Realty Services is developing, and HTO Architects is designing the conversion of the 69,700 square-foot structure. Ground-floor commercial space also measures 6,865 square feet on Columbus Avenue.
Vornado Realty Trust has acquired the low-rise retail building at 144-150 West 34th Street, in Midtown South, for $355 million from a partnership between Starwood Capital Group and Crown Acquisitions. The three-story, 78,000 square-foot building is leased by Old Navy; their lease expires in five years, and the property boasts 300,000 square feet of commercial building rights if redeveloped.
Last summer, YIMBY revealed renderings of Meadow Partners’ 13-story, 48-unit mixed-use use building planned for 42-14 Crescent Street, in Long Island City, and now The Court Square Blog has noticed excavation underway at the site. Ground-floor retail will measure 750 square feet, and John Fotiadis is designing; signage indicates an expected completion date of August 2016.
Property owner Ray Sapiro has filed applications for a four-story, four-unit residential building at 373 Classon Avenue, in western Bedford-Stuyvesant (on the border with Clinton Hill). The building will measure 4,000 square feet, and each unit will have its own floor. Oscar Fuertes’ OMF Architecture is designing, and an existing single-story structure must first be removed.
Last week, Extell Development acquired the last development site of the CityPoint project at 138 Willoughby Street, in Downtown Brooklyn, in a $115.5 million deal. Extell is technically leasing the 21,500 square-foot site, and the developer is planning to construct a 665,000 square-foot mixed-use tower. A four-story, 65,000 square-foot retail base is part of the deal, and Washington Square Partners and Acadia Realty Trust will own that portion.
