Commercial

21-Story, 183-Key Hotel Project Tops Out At 55 Wythe Avenue, Williamsburg

10:00 am on October 15, 2015 By Reid Wilson

YIMBY has closely followed the construction of the 21-story, 183-key hotel underway at 55 Wythe Avenue, in Williamsburg, and now Brownstoner has news of the project’s topping out. Dubbed The William Vale, Zelig Weiss and Riverside Developers are developing, and Aldo Liberis is designing. A duplex presidential suite will occupy the top two stories, and 20,000 square feet of retail and restaurant space will span the ground floor. Glass façade is now also being installed on the lower half of the structure, and opening is expected in the spring of 2016.

455 Jefferson Street, image via teaser site

Loan Acquired For Six-Story Office & Retail Conversion At 455 Jefferson Street, Bushwick

12:00 pm on October 14, 2015 By Reid Wilson

Late last month, YIMBY brought you news of the mixed-use commercial conversion of the six-story former warehouse at 455 Jefferson Street, in northern Bushwick. Now, Dallas-based Lincoln Property Company and Boston-based Alcion Ventures have secured a $51.2 million loan for the project, according to Commercial Observer. The building will have offices on every floor and retail space at street level, which will total 122,697 square feet in rentable space. Work began last month, and completion is expected next June.

Two-Story, 6,200 Square-Foot Mixed-Use Commercial Project At 4515 Avenue N, Flatlands

10:00 am on October 13, 2015 By Reid Wilson

Ralph Notaro, doing business as an anonymous LLC, has filed applications for twin two-story, 3,119 square-foot mixed-use commercial buildings at 4511-4515 Avenue N, in Flatlands, two blocks from the Flatbush Avenue corridor. Both buildings will contain 1,919 square feet of health care facilities on the ground and cellar levels, and 1,200 square feet of office space on the second floors. New Jersey-based Schneider Associates is the applicant of record, and the site’s single-story predecessor was demolished in 2008.

Properties At 285 North 6th Street & 10-27 46th Avenue Slated for Office Conversions, Williamsburg & LIC

6:00 am on October 13, 2015 By Reid Wilson

Eric Gural has acquired the five-story, 40,000 square-foot former warehouse at 285 North 6th Street, in Williamsburg, for $15.6 million, according to Crain’s. He also purchased the four-story, 70,000 square-foot former industrial building at 10-27 46th Avenue, in Long Island City, for $14.25 million. Both properties are set to undergo office conversions. Work on the Williamsburg property is expected to begin in the coming weeks, and includes a restaurant and roof deck. As for the Queens project, work will begin once the current leases expire late next year.

Single-Story, 11,500 Square-Foot Commercial Project Planned At 1217 East 233rd Street, Edenwald

10:00 am on October 7, 2015 By Reid Wilson

Rego Park-based Borough Realty Holdings has filed applications for a single-story, 11,422 square-foot commercial development at 3917-3919 Baychester Avenue and 1217-1223 East 233rd Street, in the North Bronx neighborhood of Edenwald. The project is being broken up into six small buildings, and though the type of commercial space is not specified in filings, retail or offices are likely. Iljoong Kim’s Flushing-based Choi Design is the applicant of record, and permits were filed last February to remove an existing gas station on the site.

Four-Story Automotive Facility Planned At 30-35 College Point Boulevard, College Point

2:00 pm on October 5, 2015 By Reid Wilson

Nassau County-based Feinstein CP Realty has filed applications for a four-story, 81,532 square-foot automotive commercial building at 30-35 College Point Boulevard, in southern College Point. The building will handle automobile sales, repairs, and other services, and will also hold storage space and associated offices. The nearly 120,000 square-foot lot will include 149 parking spaces, and Maryland-based Penny Design Group is the applicant of record.

Renovations Planned for 43-Story Office Building At 1407 Broadway, Midtown

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

Shorenstein Properties is renovating the 43-story, 1.1-million square-foot office building at 1407 Broadway, between West 38th and 39th Street, according to Real Estate Weekly. The updates will include a new lobby, entrance and retail space, as well as façade improvements on the rest of the building. Roughly 33,000 square feet of retail space will span the ground floor, and Fogarty Finger is leading the design process. Shorenstein acquired the building for $330 million this past spring.

Warehouses At 341-353 39th Street Placed On Market, Sunset Park

1:30 pm on September 30, 2015 By Reid Wilson

Hampshire Companies has tasked Cushman & Wakefield to market the 10-story, 130,000 square-foot warehouse building at 341 39th Street, and the adjacent seven-story, 30,000 square-foot warehouse at 353 39th Street, located three blocks from the 36th Street stop on the D, N and R trains. The asking price is nearly $50 million, and the site is being advertised as a potential redevelopment, according to Crain’s. The buildings could be converted into office space as-of-right, or a rezoning could be sought for residential use.

Excavation Imminent At 540 West 26th Street, Nine-Story Commercial Building In West Chelsea

12:00 pm on September 30, 2015 By Reid Wilson

In August of 2014, YIMBY revealed renderings of Savanna Fund’s planned nine-story, 166,525 square-foot commercial building at 540 West 26th Street, in West Chelsea, and now the developer has secured $115 million in construction financing from Deutsche Bank, according to Commercial Observer. The building is expected to include a variety of tenants, and Avenues: The World School has already committed to leasing 85,421 square feet. Demolition of the old two-story building is complete, and excavation is expected to begin in October, with completion slated for 2017. Morris Adjmi Architects is designing.

Four-Story Mixed-Use Commercial Project Planned At 2799 Coney Island Avenue, Sheepshead Bay

2:30 pm on September 25, 2015 By Reid Wilson

Jack Aini, doing business as an anonymous LLC, has filed applications for a four-story, 8,000 square-foot mixed-use commercial building at 2799 Coney Island Avenue, in southern Sheepshead Bay, six blocks from the B and Q trains’ stop at Sheepshead Bay Road. On the cellar level and fourth floor, a relatively large daycare facility will operate and will have access to outdoor rooftop space. Healthcare facilities and offices will be located on the second and third floors, and a lobby and parking garage will take up the ground floor. Robert Palermo’s Corporate Design of America is the architect of record, and an existing three-story building must first be demolished.

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