Manhattan

DHA Capital To Develop Mixed-Use Building At 75 Kenmare Street, Nolita

10:00 am on June 9, 2015 By Reid Wilson

DHA Capital is in contract to purchase the three-story parking garage located at 75 Kenmare Street, in Nolita, for roughly $50 million, according to Bowery Boogie. The new owner plans to develop a 68,000 square-foot mixed-use building featuring luxury residential units and retail space. Most units will measure closer to 1,000 square feet, smaller than other new-construction condos in the area, according to The Real Deal, who was also the first to report the news.

New Rendering of 234 East 23rd Street’s Penthouse, 20-Story Condo Building in Gramercy

6:30 am on June 9, 2015 By Reid Wilson

The Naftali Group’s 20-story luxury condominium project at 234 East 23rd Street, in Gramercy, has risen quickly since construction began last year. The new building consists of 57 units, and now YIMBY has fresh renderings of the penthouse.

Façade Being Preserved At 334 West 36th Street, Site Of 28-Story, 566-Key Hotel, Garment District

12:30 pm on June 8, 2015 By Reid Wilson

Prolific hotel developer Sam Chang has revised plans for a proposed hotel development at 334 West 36th Street, in the Garment District. Previous plans called for the demolition of the existing six-story Christ Church, but now the structure and its façade are being incorporated into the new development. According to The New York Times, the hotel will stand 28 stories, and DOB permits now show 566 hotel rooms. This is an increase from earlier applications, which called for 20 stories and 406 rooms.

28-Story Hotel & Condo Tower Under Construction at 215 Chrystie Street, Lower East Side

6:00 am on June 8, 2015 By Reid Wilson

Last summer, YIMBY brought you renderings of 215 Chrystie Street, a 28-story, 370-hotel-room mixed-use tower now under construction on the Lower East Side. According to Bowery Boogie, concrete and rebar are up to the second floor. Ian Schrager and Witkoff are developing, and Herzog & de Meuron is the design architect. Completion is scheduled for late 2016.

Rezoning Process Begins For Harlem’s Lenox Terrace Tower-In-The-Park Complex

3:00 pm on June 5, 2015 By Reid Wilson

The Olnick Organization has filed pre-applications with the city, beginning the ULURP process that would rezone Lenox Terrace, a tower-in-the-park development bound by West 132nd and 135th Streets, and Malcolm X Boulevard and 5th Avenue in central Harlem. According to DNAinfo, the complex has six 17-story towers, which make up 1,700 residential units, and nearly 96,600 square feet of commercial space is located within perimeter low-rise buildings.

Large Development Assemblage At 143 East 60th Street Placed On Market, Midtown East

10:00 am on June 5, 2015 By Reid Wilson

World Wide Group has placed an assemblage of buildings, spanning 143-161 East 60th Street, in Midtown East, on the market as a development site for what is being valued north of $300 million, according to Crain’s Business. Six buildings are included in the assemblage, most being townhouses in the four- and five-story range, but an 11-story building exists at No. 155. A 280,000 square-foot residential and retail building could be built, but the tower could be even larger if a developer chooses to satisfy the inclusionary housing bonus.

Planned 47-Story Office Building At 425 Park Avenue Receives Financing, Midtown East

2:00 pm on June 4, 2015 By Reid Wilson

L&L Holdings and GreenOak Real Estate have landed a $556 million construction loan for their 47-story, 893-foot-tall office building planned at 425 Park Avenue, in Midtown East. The developers are expanding the existing 32-story building office building to accommodate 670,000 square feet of modern office space. Partial demolition begins this month, and the building is scheduled to open in 2018.

24-Condo-Unit Conversion Resumes At 101 West 78th Street, Upper West Side

4:00 pm on June 3, 2015 By Reid Wilson

A 24-unit condominium conversion of the landmarked six-story, 44-rental-unit building at 101 West 78th Street, on the Upper West Side, has received the go-ahead to continue construction. Newcastle Realty Services is developing, and HTO Architects is designing the conversion of the 69,700 square-foot structure. Ground-floor commercial space also measures 6,865 square feet on Columbus Avenue.

Vornado Realty Acquires Retail Building At 150 West 34th Street For $355 Million

3:00 pm on June 3, 2015 By Reid Wilson

Vornado Realty Trust has acquired the low-rise retail building at 144-150 West 34th Street, in Midtown South, for $355 million from a partnership between Starwood Capital Group and Crown Acquisitions. The three-story, 78,000 square-foot building is leased by Old Navy; their lease expires in five years, and the property boasts 300,000 square feet of commercial building rights if redeveloped.

11-Story Condo Project At 25 Great Jones Street Gets Refinanced, NoHo

2:00 pm on June 3, 2015 By Reid Wilson

Second Development Services and Richport Group have acquired a new $28 million construction loan for their 11-story, six-condo-unit building under construction at 25 Great Jones Street/22 Bond Street, in NoHo, reports Commercial Observer. The project is being sculpted out of a previously half-way completed hotel structure, and BKSK Architects is designing. The $52 million project is proceeding, although behind schedule, and an opening date hasn’t been revealed yet.

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