Commercial

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

4:00 pm on October 27, 2015 By Reid Wilson

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.

Reveal For Conversion Of Eight-Story Correctional Facility At 550 West 20th Street, West Chelsea

10:00 am on October 27, 2015 By Reid Wilson

Back in February of 2014, a number of developers toured the former Bayview Correctional Facility, an eight-story, 100,000 square-foot complex, at 550 West 20th Street, in West Chelsea, after the city issued a request for proposals just months earlier. Now, Empire State Development has awarded NoVo Foundation a 99-year lease to redevelop the property, according to Commercial Observer. NoVo Foundations and the Goren Group plan to transform the building into the Women’s Building, which will house a women’s rights organization. The project will include community space, art installations, and a restaurant.

Four-Story Self-Storage Facility Coming To 45-26 51st Street, Sunnyside

4:00 pm on October 26, 2015 By Reid Wilson

James Coakley, doing business as an anonymous LLC, has filed applications for a four-story, 65,900 square-foot self storage facility at 45-26 51st Street, in Sunnyside, two blocks south of the 7 train’s stop at 52nd Street. The building will have 34,141 square feet of commercial space for rentable storage use. Virginia-based Butz Wilbern, LTD, is the applicant of record, and an existing single-story warehouse building must first be demolished.

Nine-Story Building At 5 East 59th Street Getting Office & Retail Conversion, Midtown

12:00 pm on October 26, 2015 By Reid Wilson

GreenOak Real Estate and Capstone Equities are transforming the nine-story, 40,000 square-foot former Playboy Club building at 5 East 59th Street, right around the corner from Central Park, into an eight-story structure fitted for a single commercial tenant, according to Commercial Observer. The building will feature retail and showroom space on the lower levels, and office space on the upper floors. The property was purchased for $85 million over the summer, and Newmark Grub Knight Frank are marketing the building’s lease.

Extell Acquires Large East Bronx Commercial Development Site At 2505 Bruckner Boulevard

12:00 pm on October 21, 2015 By Reid Wilson

Extell Development has purchased the East Bronx property at 2505 Bruckner Boulevard, in Schuylerville, from Lightstone Group for $41 million. The development site is currently occupied by the former 14-screen Whitestone Mutiplex Cinemas building, which Lightstone shut down in 2013 with plans to build a shopping complex. The one-million square-foot property boasts roughly 829,000 square feet of commercial development rights, according to The Real Deal.

Large Commercial Development Site At 40-70 Delong Street Purchased, Flushing

6:30 am on October 21, 2015 By Reid Wilson

Sam Chang’s Great Neck-based McSam Hotel Group has sold their development site at 40-70 Delong Street, in downtown Flushing, to Flushing Point Holdings LLC for $44.5 million, according to Commercial Observer. The property consists of two tax lots currently occupied by a two-story warehouse building, but boasts 394,930 square feet of commercial development rights or 557,549 square feet of rights with the inclusion of community facility space. Plans for the site have not been disclosed.

Three-Story Mixed-Use Commercial Building Planned At 124 North 6th Street, Williamsburg

10:00 am on October 20, 2015 By Reid Wilson

In September, YIMBY revealed renderings for an office and retail conversion of the two-story, 20,000 square-foot building at 120 North 6th Street, in north Williamsburg, and now renderings have surfaced for another similar development right across the street at 124-136 North 6th Street. At Nos. 124-136, Thor Equities is planning to expand the existing single-story building into a three-story, 20,400 square-foot retail and manufacturing property, with retail on the ground floor and manufacturing on the second and third floors. Building Studio Architects is the architect of record.

10-Story Office & Retail Conversion Now Planned At 10 Jay Street, Dumbo

3:30 pm on October 16, 2015 By Reid Wilson

Earlier this year, Glacier Global Partners received approval from the LPC to convert the 10-story former warehouse at 10 Jay Street, in Dumbo, into a 46 condominiums, but now the developer is planning a completely commercial building, with roughly 200,000 square feet of offices and retail spaces. The conversion will retain the approved exterior changes, which had been designed by ODA Architecture. CBRE is marketing the commercial spaces, according to The Real Deal.

Eight-Story, 62-Key Hotel Building Now Planned At 822 4th Avenue, Greenwood

2:00 pm on October 15, 2015 By Reid Wilson

Over a year ago, YIMBY reported on filings for a nine-story, 72-key mixed-use hotel project at 822 Fourth Avenue, in Greenwood, four blocks south of the R train’s stop on 25th Street. Yesterday, the building was resubmitted to the DOB with slight downward revisions, probably due to zoning restrictions. Sunset Park-based Signature Management Enterprises is still the developer, and the building will now rise eight stories and have 62 hotel rooms. Healthcare facilities will span 18,000 square feet across floors two through four, and Chi F. Lau is the architect of record.

335,000 Square-Foot Shopping Complex Planned At 750 Sunrise Highway, Valley Stream

12:00 pm on October 15, 2015 By Reid Wilson

Macerich Company, the owner of Green Acres Mall, in Valley Stream, recently broke ground on a two-story, 335,000 square-foot retail complex adjacent to their mall at 750 Sunrise Highway, one block east of the Queens border. According to LI Herald, the shopping center is being dubbed Green Acres Commons, and Ashley Furniture HomeStore, BJ’s Restaurant & Brewhouse, Burlington Coat Factory, Dick’s Sporting Goods, as well as other tenants, are expected to lease spaces when it opens in the fall of 2016.

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