Hello Living’s first foray into Manhattan development will be a pricey one. The Brooklyn-based full-service real estate development firm announced earlier this week their plans to acquire 4650 Broadway in Inwood. If that address rings a bell, it’s because FBE Limited purchased the site this past spring from Acadia Realty Trust for $26 million. At $55 million, Hello Living paid more than twice that for 370,039 buildable square feet.
Permits have been filed for a seven-story mixed-use building at 33-10 38th Avenue in Long Island City, Queens. The site is one block from the 36th Street subway station, serviced by the E, M, and R trains, and four blocks from the 39th Avenue subway station, serviced by the N and W trains. Ravi Patel is listed as behind the applications.
Permits have been filed for a three-story residential building at 12-19 31st Drive, in Astoria, Queens. The site is 13 blocks away from the Broadway subway station, serviced by the N and W trains. Ravi Patel is listed as responsible for the development.
Permits have been filed for a five-story residential building at 21-27 30th Drive, in Astoria, Queens. The site is nine blocks away from the Broadway Subway Station, serviced by the N train. Six blocks away is the Socrates Sculpture Park. L.I. City Hospitality LLC will be responsible for the development, and despite what the company’s name suggests, it will indeed be for residential use.
Permits have been filed for a 21-story mixed-use building at 214 West 72nd Street, on the Upper West Side. The development will sit right on Broadway, the neighborhood’s main artery. The 72nd Street-Broadway Subway Station is just an intersection away, serviced by the 1, 2, and 3 trains. Further down, two avenues to the East is the 72nd Street station on Central Park, serviced by the A, B, and C trains. Manhattan-based SK Development will be responsible for the project.