Commercial

Neglected 12-Story Office Building At 155 West 23rd Street Getting Renovation, Midtown South

12:00 pm on September 25, 2015 By Reid Wilson

The Kaufman Organization and Goldman Sachs have paid $45 million for a 99-year ground-lease on 155 West 23rd Street, in Midtown South, which is owned by Gary Barnett. Crain’s reports the existing 12-story, 82,000 square-foot office building will undergo a $10 million renovation immediately, which will include fixes to the roof, windows, and interior. Completion is expected by 2016, and ground-floor retail space will also be included.

Movie Theater Marks First Lease At Riverside Galleria Commercial Project, Charleston, Staten Island

2:00 pm on September 23, 2015 By Reid Wilson

The first commercial tenant has signed on to the 470,000 square-foot Riverside Galleria development now under construction at 4927 Arthur Kill Road, in Charleston, located on Staten Island’s southern end. The tenant will operate a 55,000 square-foot, 12- to 16-screen movie theater, according to DNAinfo. The general project will eventually include retail stores, restaurants and cafes, and opening is scheduled in 2017. Melohn Properties is the developer, and Casandra Properties is the leasing agent.

Six-Story, 9,000 Square-Foot Commercial Building Coming To 2619 East 16th Street, Sheepshead Bay

3:00 pm on September 22, 2015 By Reid Wilson

Vitaly Raykhman, doing business as Eliyah Realty, has filed applications for a six-story, 8,991 square-foot mixed-use commercial building at 2619 East 16th Street, in southern Sheepshead Bay, a block from the B and Q trains’ stop at Sheepshead Bay Road. The first two floors will be designated as community space, measuring a total 4,004 square feet, and unspecified commercial space will take up the remainder of the building. Igor Zaslavskiy’s Sheepshead Bay-based Zproekt Architecture is designing, and a 2.5-story building must first be demolished.

Six-Story Commercial Conversion & Expansion Tops Out At 55 Water Street, Dumbo

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

The transformation of a five-story, 1860s-era warehouse into a six-story mixed-use commercial building is nearing completion at 55 Water Street, in Dumbo. According to Brownstoner, the structure’s sixth-floor addition has been constructed, and glass façade is now being installed. Dubbed Empire Stores, the building will yield 395,000 square feet of commercial space, which will be made up of offices, retail, restaurants, and exhibition space; rooftop gardens and outdoor public space are also featured.

Four-Story, 38,000 Square-Foot Storage Building Planned At 1200 McDonald Avenue, Mapleton

2:00 pm on September 3, 2015 By Reid Wilson

Bronx-based SNL Construction, associated with SNL Storage, has filed applications for a four-story, 37,720 square-foot storage building at 1182-1200 McDonald Avenue, in Mapleton, directly below the F train’s stop at Avenue I. The building’s entire floor area will total 68,607 square feet, and it will replace an old single-story warehouse structure and adjacent small retail building. Demolition permits were filed in August. Long Island-based Frank Relf is the architect of record.

Three-Story, 4,665 Square-Foot Commercial Building Planned At 121 Thames Street, East Williamsburg

3:00 pm on September 2, 2015 By Reid Wilson

Marcos Hernandez, head of Thames Security Systems, has filed applications for a three-story, 4,665 square-foot mixed-use commercial building at 121 Thames Street, in East Williamsburg, four blocks from the L train’s stop at Morgan Avenue. The building will measure 4,665 square feet in total, and an arts and crafts club will take up 2,311 square feet on the ground floor. On the second and third floors, office space will take up 2,354 square feet. East New York-based Ross William is the architect of record, and the site’s four-story predecessor was demolished in 2007.

Mixed-Use Commercial Conversion Of Two-Story Warehouse At 99 Scott Avenue, East Williamsburg

2:00 pm on September 1, 2015 By Reid Wilson

Bushwack Capital is converting the two-story, 22,675 square-foot warehouse at 99 Scott Avenue, in southern East Williamsburg, into a mixed-use commercial building, according to Commercial Observer. The building will house two office tenants, a restaurant, winery, beer garden and event hall. The conversion will complete this October, and tenants will construct their spaces for a mid-2016 opening. The $1 million project is being crowdfunded through CityFunders, and Kossar + Garry Architects is the architect of record.

IFC Center Theater Expansion At 363 6th Avenue Revealed, West Village

6:00 am on August 28, 2015 By Reid Wilson

Two days ago, YIMBY reported that the IFC Center, at 323 6th Avenue in the West Village, would double the size of their theater, from five to 11 screens. The 9,743 square-foot expansion will fill the vacant lot behind the existing theater, and now Indiewire has renderings of the Cornelia Street façade. Talks are underway with various community and city officials, and approval by the Community Board and the Board of Standards and Appeals is expected by early 2016.

Cranes Arrive At New York Wheel Site in St George, Assembly Will Begin In 2016

11:00 am on August 26, 2015 By Reid Wilson

Last month, piling began at the site of the 630-foot-tall New York Wheel, at 155 Richmond Terrace, in Staten Island’s St. George. Now cranes have arrived to assist construction, per the Staten Island Advance. Construction of a 950-space parking garage and the Wheel’s foundation is currently underway, and according to Commercial Observer, parts for the main structure will arrive in February of 2016. Skanska is building the foundation, and Starneth BV is designing.

Developer Plans Unspecified Commercial Development At 363 Lafayette Street, NoHo

2:00 pm on August 25, 2015 By Reid Wilson

Back in January, it was reported Olmstead Properties placed their vacant development site at 363 Lafayette Street, in NoHo, on the market, and now CBSK Ironstate has leased the site for 49 years, according to the New York Post. The 5,500 square-foot site, which spans 357-371 Lafayette, boasts 32,000 square feet of development potential, and planned is an unspecified commercial development. The project is being financed by Wells Fargo.

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