Mixed-Use


Permits Filed for 263 Prospect Avenue in Greenwood Heights, Brooklyn

Permits have been filed for a five-story mixed-use building at 263 Prospect Avenue, site of the former Grand Prospect Hall reception hall in Greenwood Heights, Brooklyn. Located between 5th and 6th Avenues, the lot is one block from of the Prospect Avenue subway station, serviced by the R train. George Rigas is listed as the owner behind the applications. The reception hall sold for $22.5 million to Gowanus Cubes, an LLC operated by Angelo Rigas.

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52 Fourth Avenue Readies for Excavation in Boerum Hill, Brooklyn

Excavation work is set to begin at 52 Fourth Avenue, the site of a nine-story residential building in Boerum Hill, Brooklyn. Designed by Gertler & Wente Architects and developed by Metropolitan Realty Exemptions under the RJ 4th Avenue LLC, the 55,000-square-foot structure will yield 52 rental apartments averaging 775 square feet apiece, as well as a cellar and ground-floor retail space. It was last reported that the units will come in a mix of one- and two-bedroom layouts and a select number of apartments will have their own private outdoor spaces. There will be four penthouses on the upper levels, each with its own outdoor space. Real Land Group is the general contractor for the property, which is located at the corner of Dean Street and Fourth Avenue.

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PENN 2’s Re-cladding Progresses at Two Penn Plaza in Midtown, Manhattan

Renovation work continues to progress on PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the replacement of the 53-year-old structure’s façade with a modern glass curtain wall. The 412-foot-tall, 1.61 million-square-foot tower was originally designed by Charles Luckman Associates and stands along Seventh Avenue between West 31st and 33rd Streets. PENN 2 is immediately to the east of Madison Square Garden and is one component within the Penn District revitalization scheme that calls for the construction and redevelopment of several buildings surrounding Penn Station in the coming years. Turner Construction Company is the general contractor for the project.

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