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 pre-filed for a thirty-story mixed-use building at the waterside 3875 9th Avenue in Inwood, Manhattan. The site is two blocks away from the 207th Street subway station, serviced by the 1 train, and four blocks from the 207th Street subway station, end of the line for the A trains. Maddd Equities is listed as behind the applications.
Large developments don’t often come to the blocks of Broadway as it snakes through Upper Manhattan, but today YIMBY has an update on 4790 Broadway, which we first covered back in January of 2017. Since then, the City has moved forward with development plans, selecting Fogarty Finger and Andrew Berman Architects to design the project, now revealed through official renderings.
Permits have been filed for a 12-story mixed-use affordable housing facility at 1769 Fort George Hill, in Inwood. The structure would be an improvement from the site’s current situation. Residents have complained that the parking on the vacant lot has expanded without permits, and been used for commercial parking and a car wash. South Bronx Overall Economic Development Corporation (SoBro) will be responsible for the development.
The city’s Department of Housing Preservation and Development (HPD) is partnering with the New York Public Library and the Robin Hood Foundation to explore redevelopment opportunities at 4790 Broadway, the site of the two-story Inwood Library, The Real Deal reported. A new building would retain the existing library and 100 percent of its residential units would be designated as affordable, although the scale of the project is unclear. The city will launch a request for proposals once workshops, where community members can give input, are held later this month. The proposal will have to be approved through the city’s Uniform Land Use Review Procedure (ULURP).