Amazon has officially acquired the historic Lord & Taylor Building at 424 Fifth Avenue in Midtown, Manhattan. Although Amazon and WeWork, the building’s former owner, have not released any statements on the deal, the transaction is reportedly valued between $978 million and $1.15 billion.
BKSK Architects recently returned to the Landmarks Preservation Commission (LPC) with proposals to renovate and expand an aging low-rise building in Manhattan’s Greenwich Village Historic District. Located at 21 Greenwich Avenue, the corner property could eventually support a ground-floor restaurant and five floors of residential area.
The years-long initiative to renovate and repurpose the defunct Bayview Correctional Facility in Chelsea may never be revived following an abrupt cancellation by the NoVo Foundation and Goren Group in 2019. Referred to as the Women’s Building, the structure at 550 West 20th Street would have repurposed and expanded the former all-female prison, renderings of which have been released by Spacesmith and Davis Brody Bond.
Permits have been filed for a six-story commercial building at 2077 Coney Island Avenue in South Brooklyn’s Homecrest neighborhood. Located between Kings Highway and Avenue R, the interior lot is a few blocks from the Kings Highway subway station, serviced by the B and Q trains. Fouad Barakat is listed as the owner behind the applications.
Construction is expected to break ground this month on a six-story modular building at 58 Grattan Street in Bushwick. One of the first structures of its kind in the neighborhood, the project is also the premiere North American development from Admares, a global real estate and construction firm based in Finland.