Foundation work is now underway for the 14-story, 55-unit mixed-use building under development at 242 Broome Street (a.k.a. Site 1), located on the corner of Ludlow Street on the Lower East Side. The construction progress can be seen thanks to photos posted to the YIMBY Forums by user rbrome. The latest building permits indicate the new building will encompass 180,646 square feet. There will be 40,326 square feet of commercial-retail space across portions of the cellar through third floors. A bowling ally operated by Splitsville Luxury Lanes is expected to lease a significant amount of space. In addition, there will be 17,735 square feet of community facility space on the second through fourth floors. The space was once reserved for the Andy Warhol Museum, but plans for it have fallen through.
Two Bridges Associates (a partnership between L+M Development Partners and the CIM Group) filed pre-applications earlier this year with the Department of City Planning for a 66-story, 1,400-unit residential tower at 260 South Street, on the Lower East Side. The building, which is in the early stages of development, will encompass 1.1-million square feet and stand 718 feet in height, the Lo-Down reported. Twenty-five percent of the project’s residential units, or 350 apartments, will be designated as affordable housing. The structure would be built on an existing parking lot along South Street. An underground parking garage would be built to retain the spaces. In addition to a new tower, the project includes expanding the retail footprint on the ground floors of 265 Cherry Street and 275 Cherry Street, two existing 26-story residential towers (called Lands End II) with 491 apartments located on the northern end of the property. Rutgers Park, located on the western end, is also expected to see a renovation. It’s unclear whether the project requires approval via the city’s Uniform Land Use Review Procedure (ULURP).
L+M Development Partners’s mixed-use conversion of the four-story, 400,000-square-foot Hahne & Co. building, located at 609 Broad Street, at the corner of New Street in downtown Newark, is in the final stages of construction. Photos of the construction progress can be seen in a Jersey Digs report. Construction appears to have wrapped on the outside of the existing four-story structure, which will contain a mix of residential, retail, office, and community space. A new nine-story building — located at the corner of Halsey and New streets — is currently receiving its façade. The new construction component will feature ground floor retail space and residential units above. Between the two building, there will be 75,000 square feet of retail space, 160 apartments (40 percent of which will be set aside as affordable housing), and 100,000 square feet of community and community use space (50,000 square feet of which will be institutional and dedicated to Rutgers University). Whole Foods Market is expected to open their new 30,000-square-foot store in the building in 2017, which is when the rest of the project should be complete.
The 15-story, 211-unit mixed-use building under development at 145 Clinton Street, located on the corner of Grand Street on the Lower East Side, is now three stories above street level, as seen in photos shot by Tectonic. The latest building permits indicate the project – which is one piece of the mixed-use mega-development known as Essex Crossing – will encompass 283,178 square feet. There will be 73,000 square feet of commercial-retail space across the cellar through second floors. Planet Fitness has already pre-leased 22,000 square feet on the second floor, and a food market is expected to take 30,000 square feet on the ground floor.
A rendering has been revealed of the 11-story, 181-affordable-unit mixed-use building planned at 4511 Third Avenue, in the Belmont section of the Bronx. The 294,207-square-foot, thru-block development (consisting of seven- and 11-story components), will host 57,549 square feet of medical space on the ground and second floors and 10,127 square feet of ground-floor retail, as YIMBY reported in February. The rental apartments above, all of which will rent at below-market rates, should average 928 square feet apiece. Amenities include a 128-car garage, storage for 96 bikes, laundry facilities, and multiple outdoor terraces. The SBH Health System (St. Barnabas Hospital, located across the street) will utilize the medical space, as well as operate a 10,800-square-foot terrace geared towards exercise for the building’s tenants.