Over a year ago, Blesso Properties shelled out $33 million for the former Lincoln Savings Bank site at 525 Broadway, next to the elevated subway tracks in Williamsburg. Now they’ve filed plans for a 27-story, mixed-use building that will be nearly evenly divided between apartments and office space.
After a decade of delays, Triangle Equities finally landed financing and broke ground last month on Lighthouse Point, a sprawling mixed-use project next to the St. George Ferry Terminal on Staten Island. Now, YIMBY has new images of the residential, retail, and office complex under construction on the North Shore.
In the summer of 2015, YIMBY brought you new renderings of the Lighthouse Point mixed-use development, in St. George, located immeadiately south of the St. George Terminal on Staten Island. Construction kicked off on the project’s first phase later that year – a 12-story, 116-unit mixed-use building that fronts Bay Street. Its developers – Triangle Equities and Lubert-Adler – have now secured a total $81.7 million in financing from multiple sources. In addition, Commercial Observer reports Regus signed a lease to take 30,000 square feet of the mixed-use building’s 65,000 square feet of commercial space. The remaining 35,000 square feet could be leased as office or retail space, and construction on the first phase is expected to wrap up in 2017. The rest of the project includes repurposing four historic structures and other artifacts, and building a 12-story, 175-key hotel with 15,000 square feet of event space and an additional 23,000 square feet of multi-use commercial space. Garrison Architects is designing.
Back in August, Blesso Properties purchased the Lincoln Savings Bank building at 525-545 Broadway, in southern Williamsburg, and now the developer has filed applications to expand the 60,300 square-foot building by six stories and 38,000 square feet. The expanded building will have 53,403 square feet of commercial space, which will comprise both office and retail, in addition to a 6,212 square-foot day care on the ground floor. The project also includes 36 residential units, beginning on the fifth floor and averaging 1,075 square feet apiece. Garrison Architects is the architect of record.
Triangle Equities is set to break ground this fall on a huge mixed-use project just behind the St. George Ferry Terminal in Staten Island, and YIMBY has new renderings of the hotel-retail-residential complex that will complement a proposed 630-foot-tall ferris wheel.