Just about every empty lot and warehouse in northern Greenpoint is becoming a small apartment building, but Hadas Hakmon’s M Development has snagged one of the last available sites in the area at 44 Box Street, a block from Newtown Creek and the East River waterfront.
Just as the MTA considers a lengthy L train shutdown to repair flood damage from Hurricane Sandy, the Department of City Planning has kicked off the approval process for Williamsburg’s first new office building in decades. But the rezoning for the development at 25 Kent Avenue includes a policy that could shape industrial areas throughout the city. It would create a special district that allows developers to trade light manufacturing space for extra office space.
Judith Burekhovich has filed applications for two three-story, three-family residential buildings at 1945-1947 East 18th Street, in the Madison section of Sheepshead Bay. Each of the two will measure 4,998 square feet and will include 3,749 square feet of residential space. That means full-floor units, which would be located four blocks from the Avenue U stop on the Q train, should average 1,250 square feet apiece. Salvatore Vincenti’s Brooklyn-based Cornerstone Designs is the applicant of record. The 60-foot-wide site’s former two-story house was demolished in 2011.
In 2014, YIMBY revealed renderings for a mixed-use redevelopment of the buildings at 119-123 Kent Avenue, in northern Williamsburg, located three blocks from the Bedford Avenue Station on the L train. Now, Commercial Observer reports CW Realty and Joyland Group have acquired the three four-story tenement buildings for $15.9 million, which measure roughly 15,000 square all together and come with 5,700 square feet of air rights. The new owners plan to combine the three buildings through the first floor and create a 5,625 square-foot retail space. It’s not known if the old proposal is being built, but the properties’ existing 18 total residential units will be renovated. Only two of them are currently occupied (and they are rent-stabilized).
The four-story, 24,000 square-foot commercial building at 5018-5024 4th Avenue, in Sunset Park, has been purchased by developer Congregation Imrei Yehudah for more than $7.5 million. According to the Brooklyn Daily Eagle, the new owner plans to convert the vacant building into residential units or office space. The 6,400 square-foot lot also contains 2,880 square feet of air rights, which could go towards expanding the building. It’s conveniently located three blocks north of the 53rd Street stop on the R train.
