Kushner Companies, LIVWRK, and the CIM Group have closed on the purchase, for $345 million, of the 135,000-square-foot development site at 85 Jay Street, in DUMBO. The full-block property, currently vacant, could accommodate up to 1.1-million square feet of mixed-use development, the New York Post reported. The new owners plan to develop the site within current zoning laws. A project “with mixed uses” is planned, although plans are very preliminary. It was reported earlier that the site could host as many as 1,000 residential units. The team is in the process of hiring architects and consultants.
A Queens-based property owner has filed applications for a four-story, five-unit mixed-use building at 41-16 Haight Street, in downtown Flushing. The project, measuring 7,180 square feet, will feature 1,780 square feet across the ground and cellar levels for a children’s daycare center, followed by five residential units on the second through fourth floors. The apartments should average 724 square feet apiece, indicative of rental units. Robert H. Lin’s Flushing-based A&T Engineering is the applicant of record. The 20-foot-wide, 2,000-square-foot lot is occupied by a two-story house. Demolition permits were filed in November.
Stagg Group, which is building several market-rate projects throughout the Bronx, is also working on a partially-affordable development in Bedford Park, a working class Bronx neighborhood home to Puerto Rican, Dominican, Ecuadorian, and Indian communities.
New renderings have been revealed of the three-building, 1,181-unit mixed-use project at 305 Coles Street, in downtown Jersey City’s emerging SoHo West neighborhood, located just south of Hoboken. The project, approved by the city’s Planning Board in May, will encompass roughly 1.2 million square feet. Its tallest tower will rise 23 stories, while the others will stand between 14 and 16 stories. There will be 89,000 square feet of retail space, in addition to a 681-car parking garage, Jersey Digs reported. All of the apartments would be rentals, ranging from studios to three-bedrooms.
Pegasus Enterprises is proposing a 12-story, 128-unit mixed-use building at 100 Colden Street, located on the corner of Bates Street on the western edge of Jersey City’s downtown area. The project includes 28,650 square feet of retail space and 60,000 square feet of self-storage space, Jersey Digs reported. It also features a 168-car parking garage. It’s not clear whether the apartments would be rentals or condominiums. Hoboken-based Minervini Vandermark Architecture is responsible for the design. The development site consists of four lots, occupied by a collection of dilapidated warehouses and a townhouse. The city’s Planning Board must approve the project.