Commercial

47 Hall Street

New Owners Plan Office Conversion Of Nine-Story Industrial Building At 47 Hall Street, Clinton Hill

RXR Realty and Westbrook Partners are in contract to purchase the nine-story, 700,000 square-foot former industrial building at 47 Hall Street, in northern Clinton Hill, for more than $160 million, Crain’s reports. Parts of the building are currently rented out as art studios and creative offices, but the eventual new owners plan to convert the structure into modern creative offices; renovations include ground-floor reconfigurations and new outdoor terraces. Landlord Ruby Schron and the Fruchthandler family are the current owners.


290 Grand Street

Two-Story Commercial Conversion Underway At 290 Grand Street, Lower East Side

A two-story building on the Lower East side is being converted into 4,288 square feet of commercial space. Cheuk Fan Cheung, doing business as an anonymous LLC, is behind the project at 290 Grand Street, according to Bowery Boogie. The ground floor will continue to house retail space while the second floor is being rebuilt as office space. A new façade appears to be in the works, and Jianxiong Wang’s JW Engineering Consulting is the applicant of record. Completion is expected in the spring of 2016.


5002 Second Avenue

Three-Story, 139,000 Square-Foot Self-Storage Facility Planned At 5002 Second Avenue, Sunset Park

Banner Development has filed applications for a three-story, 139,264 square-foot self-storage facility at 5002 Second Avenue, in Sunset Park, located two blocks in from the New York Harbor. The operational commercial space will span roughly 82,510 square feet in the building, and the basement floor will also be used for storage. Frank Relf, based on Long Island, is the architect of record, and an existing block-thru warehouse must first be demolished.


139 Ludlow Street

Four-Story, 16,500 Square-Foot Commercial Project Tops Out At 139 Ludlow Street, Lower East Side

Princeton Holdings’ vertical expansion of a former three-story building at 139 Ludlow Street, on the Lower East Side, has topped-out, according to Bowery Boogie. The building has gained a fourth floor and now measures 16,500 square feet, and new masonry is also currently being installed. The building will be entirely commercial, and features a rooftop terrace. Lee Levine, based in Hoboken, New Jersey, is the architect of record, and completion can probably be expected early next year.


170 53rd Street

Three-Story, 165,000 Square-Foot Building At 170 53rd Street Getting Repositioned, Sunset Park

AP&G Company is planning to reposition the three-story, 165,000 square-foot manufacturing building at 170 53rd Street, in Sunset Park, located three blocks west of the R train’s stop at 53rd Street. The company will be vacating the building in order to relocate, and plans to market the renovated property to commercial or manufacturing tenants. The building features 20-foot-high ceilings and a unique 50-foot glass atrium.


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