The Bed Stuy Blog reports the once-dilapidated three-story building at 405 Gates Avenue, in western Bedford-Stuyvesant, is currently being renovated and refurbished to its original commercial use. The original façade is expected to be kept, and Marianna Russo is designing. According to permits, Harriet Williams is the owner of the building.
According to The Real Deal, the owners of the two-story commercial building at 35-02 Northern Boulevard, in northern Long Island City, are looking to sell the property as a development site for $30 million. Ariel Property Advisors is marketing the property, and the land boasts 145,000 square feet of building potential. Zoning accommodates for a mix of commercial uses with retail at street level.
Eretz Group has acquired the 10-story, 170,000 square-foot office and retail building at 224 West 57th Street — across from Extell’s planned Nordstrom Tower, in Midtown — for $213.8 million. The building is landmarked, and after being acquired for $85 million in 2010, it underwent a $50 million renovation designed by Tirmizi Campbell. Per The Real Deal, the non-profit Open Society Foundations currently leases a majority of the building.
In April, Thor Equities acquired the development site spanning 176-180 Bedford Avenue, in northern Williamsburg, for $36.1 million, and now renderings posted on-site show a possible two-story commercial-retail building. Per Brownstoner, plans have yet to be filed for the project, but the property could accommodate a structure as large as 14,400 square feet. The site’s three-story predecessor has been removed.
LI Herald reports New York Cosmos, a professional soccer team, and Mattone Group have held a community meeting earlier this month detailing their Elmont stadium proposal, which would redevelop the parking lots south of Belmont Park, in Nassau County. The team is one of four groups that submitted plans to the Empire State Development Corp. over the past few years. The $400 million project would include a 25,000-seat stadium, 175-key hotel and commercial-retail.
