Jane Street has been a hot spot for controversial projects of late. The latest was a proposal for a mega-mansion at 85-89 Jane Street. The presentation packed the house at the Landmarks Preservation Commission on Tuesday, where no decision was rendered.
Real progress is being made on the redevelopment of the South Street Seaport. Façade installation is well underway on the new Pier 17 mall.
In November, the Landmarks Preservation Commission approved the lifting and reconfiguration of the landmarked Palace Theater at 1564 Broadway. Now, thanks to EB-5 documents, we have full renderings of what the DoubleTree Hotel site surrounding it will look like once the redevelopment is finished.
Fairstead Capital has purchased the vacant seven-story, 108-key Park 79 Hotel at 117 West 79th Street, on the Upper West Side, for $22.5 million. The new owners plan to convert the 32,172-square-foot SRO building into an undisclosed number of residential apartments. It’s unclear whether the apartments will be rentals or condominiums. Park 79 Hotel closed late last year after receiving a slew of violations from the Buildings Department. Before the property was an illegal hotel, it was supposed to be a single room occupancy building for low-income tenants, Real Estate Weekly reported. The property comes with 27,780 square feet of air rights, allowing for a potential expansion. It’s also located within the Upper West Side/Central Park West Historic District, which means the Landmarks Preservation Commission must approve any exterior alterations.
A nearly 150-year-old residential structure in Brooklyn will soon get a facelift. The Landmarks Preservation Commission recently approved the restoration of 218 Guernsey Street, located at the corner of Oak Street in the Greenpoint Historic District.