Commercial

23-01 41st Avenue, rendering by Architects Studio

Foundation Work Complete For Six-Story, 37-Unit Mixed-Use Project At 23-01 41st Avenue, Long Island City

1:00 pm on September 26, 2016 By Reid Wilson

Foundation work has been completed for the six-story, 37-unit mixed-use building under development at 23-01 41st Avenue, located on the corner of 23rd Street in the Queens Plaza section of Long Island City. The site can be seen in a photo posted by The Court Square Blog. The latest permits indicate the new building will eventually measure 42,367 square feet. The ground floor will contain 6,233 square feet of commercial space, specifically for photographic studios. The residential units above will be condominiums and should average 684 square feet apiece. An anonymous Midtown-based LLC is the developer. Angelo Ng + Anthony Ng Architects Studio is the design architect and Xiaohong Zhao’s Queens-based Ameriland Brook is the applicant of record. Completion is expected in the second half of 2017.

65,000-Square-Foot Mixed-Use Commercial Building Planned At 23-20 Jackson Avenue, Long Island City

8:00 am on September 26, 2016 By Reid Wilson

The Vorea Group has signed a 99-year ground-lease, worth roughly $350 million, for the 10,000-square-foot development site at 23-20 Jackson Avenue, located on the corner of Pearson Street in the Court Square section of Long Island City. The developer plans to build a mixed-use commercial building measuring between 50,000 square feet and 65,000 square feet, according to the Wall Street Journal. The lower floors will contain 30,000 square feet of retail space while the upper floors will feature offices. The site, currently occupied by a single-story commercial building, can accommodate up to 50,000 square feet of leasable commercial square-footage. Neither demolition permits nor new building applications have been filed. Real Estate Weekly reported on the details of the lease.

Reveal for Seven-Story, 160,000-Square-Foot Commercial Project Planned at 40-31 82nd Street, Elmhurst

1:00 pm on September 23, 2016 By Reid Wilson

Sun Equity Partners and the Heskel Group have closed on the $27 million purchase of the 23,439-square-foot site at 40-31 82nd Street, located along Ithaca Street and Baxter Avenue in northern Elmhurst. The duo plan to build a seven-story, 160,000-square-foot mixed-use commercial building, The Real Deal reported. Dubbed The Shoppes At 82nd Street, it will feature 45,000 square feet of retail space on the ground and cellar levels, followed by 100,000 square feet of community facility space on the floors above. No new building applications have been filed at this time. An old, vacant movie theater, in addition to multiple single- and two-story commercial structures, must first be demolished. The 82nd Street-Jackson Heights stop on the 7 train is a few steps away.

Five Finalists Revealed for New Port Authority Bus Terminal

8:00 am on September 23, 2016 By Reid Wilson

In October of 2015, the Port Authority of New York & New Jersey (PANYNJ) approved a multi-billion-dollar redevelopment plan to build a new Port Authority Bus Terminal, located on the site of the existing one between West 40th and 42nd streets along Eighth Avenue. The design competition has since narrowed down to five finalists, Crain’s reported.

Oscar Winner Can’t Stop Landmarks Approval for Office Conversion of Garage at 165 Mercer Street, SoHo

7:00 am on September 22, 2016 By Evan Bindelglass

A new era is about to dawn for a SoHo building. On Tuesday, amid testimony from an Academy Award winner, the Landmarks Preservation Commission approved changes that will assist the office conversion of the parking garage at 165 Mercer Street. That’s on the west side of the street between Prince and West Houston streets.

Rendering of 606 West 57th Street. Via SLCE Architects

TF Cornerstone’s Massive 606 West 57th Street Reaches Sixth Floor in Hell’s Kitchen

3:00 pm on September 20, 2016 By Evan Bindelglass

When YIMBY last checked in on TF Cornerstone’s massive new development at 606 West 57^th Street, in Hell’s Kitchen, foundation work was just nearing completion. A lot more has happened since June.

Ground Floor of 46-Story Hearst Tower Getting 107-Foot-Long Digital Display, 300 West 57th Street

2:00 pm on September 20, 2016 By Reid Wilson

Hearst Tower, the 46-story, 861,100-square-foot office tower located at 300 West 57th Street in Midtown, is about to get a flashy upgrade to its ground floor. Crews are now constructing what will be dubbed HearstLive, a digital, wrap-around media installation that will broadcast news and other information. It will become the building’s façade at street level, measuring 107 feet, five inches along Eighth Avenue and 57th Street. The exact content will be determined by a collection of Hearst’s brands and partners. Hearst Tower is an individual landmark, which means the Landmarks Preservation Commission would have had to approve any exterior alterations, but this latest addition appears to be located behind the existing glass. HearstLive will debut on September 27.

Nine-Story, 142,500-Square-Foot Commercial Building Rises Above Street Level at 540 West 26th Street, West Chelsea

6:30 am on September 20, 2016 By Reid Wilson

Construction is up to the third floor on the nine-story, 142,554-square-foot mixed-use commercial building at 540 West 26th Street, in West Chelsea. The latest photos can be seen on the YIMBY Forums. The most recent building permits indicate the project will eventually measure 142,554 square feet and rise 135 feet above street level. The developers have already pre-leased 85,421 square feet across portions of the ground through fifth floors to Avenues: The World School, a private school. The sixth through ninth floors will contain office space and the ground floor will feature an art gallery space. The real estate fund Savanna and the Silvermintz family are developing the building, while Morris Adjmi Architects is designing it. Completion is expected in 2017.

Reveal for Swiss Institute’s New Two-Story, 7,500-Square-Foot Headquarters at 130 Second Avenue, East Village

2:00 pm on September 19, 2016 By Reid Wilson

In September of 2015, Stellar Management acquired, for $12 million, the two-story, 7,500-square-foot commercial building at 130 Second Avenue. That’s located on the corner of St. Marks Place in the East Village. It has now been revealed that Stellar will renovate the existing building, formerly occupied by a Chase bank branch. It will become the headquarters of the currently TriBeCa-based non-profit art organization Swiss Institute, Curbed NY reported. Besides upgraded office space, new elements will include event spaces, a library, a bookstore, and a rooftop terrace. Selldorf Architects is designing the renovation and completion is expected in 2017.

Request for Proposals Launched for Jacob K. Javits Convention Center Expansion Project

2:00 pm on September 14, 2016 By Reid Wilson

Empire State Development (ESD) has formally launched a request for proposals (RFP) seeking a development team for the planned three-story, 1.2-million-square-foot expansion project at the Jacob K. Javits Convention Center, located at 655 West 34th Street in what’s now called the Hudson Yards District. The expansion was announced earlier this year. The ground-up portion of the project, to be built on the complex’s northern edge, has been dubbed the Transformer Building. It will contain electrical and mechanical infrastructure, plus 665,000 square feet of meeting rooms and exhibition space, a ballroom, and outdoor space. A large truck garage is also expected to be built. FXFOWLE Architects is behind the expansion’s design. Construction is expected to begin by the end of this year, Real Estate Weekly reported.

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