Pearl Realty Management has filed applications to convert the vacant eight-story warehouse at 60 West Street, in southern Greenpoint, into a 155-key hotel. The building will gain a ninth floor and commercial operations will encompass 84,419 square feet of the building, which includes ground-floor retail and a restaurant. FXFowle Architects is the applicant of record, and the building suffered from a fire in 2006.
In July, Adam America Real Estate and Slate Property Group were in contract to acquire the development assemblage at 8-16 Nevins Street, in Downtown Brooklyn, and now the team has closed on the purchase, according to Crain’s. The developers paid $47.75 million for the site, and Vanke, a Chinese developer, is partnering to build a 33-story, 150-unit residential building. The tower will total 180,000 square feet, and retail space is also likely planned. Construction is expected to begin early next year, although multiple low-rise buildings must first be demolished.
Over a year ago, Forest City Ratner placed their Downtown Brooklyn development site, at 625 Fulton Street, on the market, and now Rabsky Group has agreed to purchase the property for $158 million, according to Commercial Observer. The site contains 600,000 square feet of development rights, and a residential tower is most likely, although plans for the site remain undisclosed. Until last year, the site was home to a seven-story, 359,000 square-foot office building.
Jacob Scherman, doing business as an anonymous LLC, has filed applications for a four-story, four-unit residential building at 57 Himrod Street.
A KFC franchise will likely bite the dust at the corner of Bushwick and Myrtle Avenues in Bushwick to make way for a six-story, mixed-use building. New building applications have been filed to erect a combination of apartments, retail and community facilities at 668 Bushwick Avenue.
