Commercial

7 Ludlow Street

Two-Story Movie Theater Conversion Underway At 7 Ludlow Street, Lower East Side

Property owner Alexander Olch is currently converting the former warehouse at 7 Ludlow Street, on the Lower East Side, into a two-story, two-screen movie theater, according to Bowery Boogie. The 8,853 square-foot theater, dubbed the Metrograph, will include a bookshop, a café, a lounge, and a restaurant, DNAinfo reports. Work is now focused on the interior of the structure and opening is currently slated for February 19, 2016. Daniel Margulies’ Garment District-based Margulies Houlzki Architecture is the architect of record.


560 Broadway

Reconfiguration, Upgrades Planned For Six-Story Commercial Building At 560 Broadway, SoHo

The Gural family is planning to reconfigure and make upgrades to their six-story, 122,454 square-foot commercial property at 560 Broadway, in SoHo, according to Crain’s. The building, built in 1890 and located within the SoHo-Cast Iron Historic District, will have its main entrance moved to Crosby Street. In the process, Converse – one of two ground-floor retail tenants – will gain 1,500 square feet of space and 30 feet of street frontage. In addition, two of the building’s four stairwells will be removed in exchange for elevators and 8,000 square feet of extra office space. The Landmarks Preservation Commission would have to approve the project, which would also rename the building to 100 Crosby Street. Rosen Johnson Architects is designing.


74 Kent Street

Three-Story Office & Retail Conversion Underway At 74 Kent Street, Greenpoint

In mid-2014, Caerus Group acquired the three-story former Eberhard Pencil Factory building at 74 Kent Street, in Greenpoint, for $7.5 million. Now, the developer is converting the landmarked, 17,413 square-foot property into commercial space, according to Commercial Observer. Office space will be located on the second, third, and cellar levels, while retail space will occupy the ground floor. Each floor will feature outdoor space and 6,000 square feet of green space is planned on the roof. Hustvedt Cutler Architects is designing the conversion and completion is expected in the first half of 2016.


2325 Third Avenue

City Seeks Developers For 70,000 Square-Foot Commercial Project At 2325 Third Avenue, East Harlem

The City’s Economic Development Corporation and Housing Preservation and Development have launched a request for proposals for the vacant, 7,000 square-foot development site located at 2321-2325 Third Avenue, in East Harlem between East 126th and 127th Streets, according to DNAinfo. The site boasts 70,000 square feet of commercial development rights and is located directly adjacent to the site of a planned 115,000 square-foot proton beam therapy center. The commercial project is just a small portion of the two-block mega-development dubbed E125. The blocks bounded by East 125th through 127th Streets and Second and Third Avenues will eventually be home to 1,000 residential units, up to 700,000 square feet of commercial space and at least 30,000 square feet of community space. 800 of the residential units will rent at below-market rates.


131 Lynhurst Avenue

Five-Story, 85,000 Square-Foot Self Storage Building Filed At 131 Lynhurst Avenue, Rosebank

Staten Island-based Woodmont Development Corp. has filed applications for a five-story, 85,450 square-foot self-storage building at 131 Lynhurst Avenue, in Rosebank, located on Staten Island’s northern shore. It will include 58,788 square feet of commercial space, which is the rentable storage area within the project. Flushing-based David Silberman is the applicant of record. The 29,408 square-foot lot is currently vacant.


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