Madison Capital Realty

46-09 69th Street in Woodside, Queens

Permits Filed for 46-09 69th Street in Woodside, Queens

Permits have been filed for a 14-story mixed-use building at 46-09 69th Street in Woodside, Queens. Located at the corner of Queens Boulevard and 69th Street, the lot is closest to the Jackson Heights-Roosevelt Avenue subway station, serviced by the 7, E, F, and R trains. Allen Konstam of Madison Realty Capital under the QB Development Owner LLC is listed as the owner behind the applications.

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606 Broadway

Distinctive New Commercial-Retail Building Tops Out at 606 Broadway, SoHo

Construction is moving along quickly on the triangular site at 606 Broadway, which is distinct for two reasons. The first is the unusual shape for a six-story commercial building. The second is that new non-residential buildings aren’t too common for Manhattan’s SoHo neighborhood due to landmark restrictions and generally astronomical property values, and this building is going to be entirely commercial. Retail will populate the cellar, first floor, and second, while offices will occupy floors three through six.

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504 Myrtle Avenue

Eight-Story, 143-Unit Mixed-Use Building Tops Out at 504 Myrtle Avenue, Clinton Hill

Since it stood two stories in height in April, the eight-story, 143-unit mixed-use building under development at 504 Myrtle Avenue, in northern Clinton Hill, has topped out. The latest photo comes via prolific construction chronicler Tectonic. The most recent building permits indicate the project grew slightly compared to filings retrieved for YIMBY’s April update. The structure now encompasses 125,585 square feet and has gained two units (up from 141). The ground floor will host 20,304 square feet of retail space, while the floors above will contain rental apartments, averaging 736 square feet apiece. Twenty-eight of them will rent at below-market rates through the affordable housing lottery. Silverstone Property Group and Madison Capital Realty are the developers. HTO Architects is behind the architecture and completion is scheduled for 2017.


19 East Houston Street

Developers Close on Acquisition of 19 East Houston Street, Site of Approved Six-Story Commercial Project, SoHo

Back in October of 2014, developers of the planned six-story, multi-use commercial building at 19 East Houston Street, in SoHo, met with city and community officials and agreed to limit the project’s retail space to under 10,000 square feet, as well as widen the sidewalk. That was after the City Planning Commission already approved the proposal with more retail in August of 2014. Last week, Madison Capital and Vornado Realty Trust closed on the purchase of the triangular, 6,174-square-foot development site for $25.8 million from the New York City Economic Development Corporation (NYCEDC), the Wall Street Journal reports. The latest building permits indicate a 98-foot-tall, 41,267-square-foot building is planned. The commercial space will be broken up between 11,500 square feet of retail space on the cellar through second levels, and 22,751 square feet of boutique office space on the third through sixth floors.

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