Cape Advisors has acquired an assemblage of six buildings on West Broadway between Warren and Murray Streets, in Tribeca, for $50 million. The new owner is planning to demolish the existing properties for a condominium building measuring 46,000 square feet. Cushman & Wakefield marketed the property, and the deal broke $1,000 per square-foot, per Crain’s Business.
Marin Management Corp. has filed applications at 1647-1651 1st Avenue, in Yorkville, for a 15-story, 38-unit mixed-use building measuring nearly 59,500 square feet. The retail component will take up 1,780 square feet, and DJ Associates Architect is designing. The assemblage includes three four- and five-story tenement buildings on the corner of East 86th Street, and demolition permits have not been filed yet.
Crain’s Business reports Nicholas Cammarato has placed the development site at 215 Schermerhorn Street, in Downtown Brooklyn, on the market for nearly $30 million. TerraCRG is marketing the property, which can accommodate a 140-foot-tall, 75,000 square-foot residential building or hotel. A four-story structure has already been demolished.
An LLC has filed applications for a four-story, four-unit mixed-use building measuring 13,510 square feet at 202 North 10th Street, in northern Williamsburg. The building will be an expansion of the existing single-story warehouse, but the property is also being subdivided, and at 210 North 10th Street, a separate four-story, two-unit mixed-use building will measure 6,755 square feet. In total, six residential units will be spread across 12,080 square feet, and three storefronts will split another 7,960 square feet. KMP Design and Engineering is designing.
Pinnacle Group and Plymouth Group are partnering to develop a mixed-use building which will span the entire block of 1609-1623 Unionport Road, in Parkchester, and the block is currently occupied by one- and two-story commercial buildings. At least 310,000 square feet of development rights exists, and the owners are planning to demolish the entire block. No timeline has been disclosed, and no permits have been applied for, per The Real Deal.
