Renderings have been revealed by Hill West Architects for Court Square City View Tower, expected to rise at 23-15 44th Drive, located on the corner of 23rd Street in the heart of Long Island City. The architect’s website states the mixed-use project will rise 66 stories and contain 802 condominium units.
Meadow Partners has acquired, for $54 million, the six-story, 124,000-square-foot commercial building at 57 Willoughby Street, located at the corner of Lawrence Street in Downtown Brooklyn. The new owner plans to renovate the property, which includes rebuilding the 9,450-square-foot ground-floor retail space and modernizing the office space on the floors above, Real Estate Weekly reported. The property also contains 96,000 square feet of air rights, The Real Deal first reported. A $50.2 million acquisition loan was secured for the purchase.
A Queens-based LLC has filed applications for a six-story, nine-unit mixed-use building at 38-07 31st Street, in the Dutch Kills section of Long Island City. The project will measure 11,203 square feet and rise 60 feet above street level. There will be 1,651 square feet of commercial-warehouse space on the ground floor, followed by residential units on the second through sixth floors. The apartments should average 726 square feet apiece, indicative of rentals. Emanuel Kambanis’s Long Island City-based GKA Design Group Inc. is the architect of record. The 25-foot-wide, 2,190-square-foot lot is occupied by a single-story warehouse. Demolition permits have not been filed.
The local nonprofit Housing and Neighborhood Development Services (HANDS, Inc.) is converting the former F. Berg & Company Hat Factory complex, located at 475 South Jefferson Street in the Valley Arts District section of Orange, N.J., into 32 residential units. The loft-style condominium apartments will range from 750-square-foot one-bedrooms to 1,150-square-foot three-bedrooms. The 70,000-square-foot, multi-building project, dubbed Hat City Lofts, will also include over 10,000 square feet of commercial space for artistic uses, Jersey Digs reported. Move-ins are expected in 2017.
Brooklyn-based property owner Haim Nortman has acquired, for $10.2 million, 27,500 square feet of air rights from a neighboring property for a mixed-use project planned at 362 West 125th Street, in Harlem. With the additional air rights, the site could accommodate up to 108,588 square feet of mixed-use development. The new building will include commercial space and residential units, Commercial Observer reported, although new building applications have not been filed at this time. The 12,475-square-foot site is occupied by a four-story LaGree Baptist Church. Demolition permits were filed in November. A construction timeline has not been disclosed.
