Over the summer, the Durst Organization entered into contract to acquire the 36,281-square-foot site at 1800 Park Avenue, located between East 124th and 125th streets in Harlem. The developer has since closed on the purchase for just under $91 million, the New York Post reported. Durst will abandon the ODA New York-designed 24-story, 670-unit mixed-use project (originally 32 stories and 682 units) envisioned by the Continuum Company, the site’s previous owner. Instead, completely new plans will be drawn up, presumably by a different architect. Regardless, the final plans will include a large affordable housing component. Roughly 600,000 square feet of mixed-use space can be built as-of-right. The project is still eligible for the 421-a tax abatement since Continuum technically conducted foundation work at the site.
Construction has reached the 13th floor on the 28-story, 104-unit mixed-use tower under development at 200 East 95th Street (a.k.a. 1681 Third Avenue), on the Upper East Side. The construction progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the tower, dubbed the Kent, will eventually encompass 317,664 square feet and rise 392 feet to its pinnacle. It will have 13,225 square feet of retail space across the ground floor and the first cellar level. The residential units above, which will be condominiums, will range from two- to five-bedrooms, averaging 2,500 square feet apiece. Extell Development Company is the developer and Beyer Blinder Belle is behind the architecture. Champalimaud has been tasked with the interiors and West 8 is the landscape architect. Completion is expected in 2017.
Last November, YIMBY reported that the 18-story, 288-unit mixed-use project at 7 West 21st Street, in the Flatiron District, topped out. Since then, much of the façade has been installed on both street fronts — the building spans the block between 21st and 22nd streets — as seen in photos taken by Tectonic. The latest building permits indicate the project encompasses 289,809 square feet. Both buildings will be connected up to the ground floor, where 13,076 square feet of retail is planned. The residential units above will be rentals, averaging 904 square feet apiece. Twenty percent (58 units) will rent at below-market rates through the affordable housing lottery. Friedland Properties is the developer. Morris Adjmi Architects is the design architect, with the Stephen B. Jacobs Group serving as the executive architect. Completion is expected in 2017. The new building sits within the Ladies’ Mile Historic District.
Construction has finally been completed on the 10-story, 37-unit mixed-use building under development at 42-60 Crescent Street, in the Court Square/Queens Plaza section of Long Island City. Photos of the finished product can be seen on the YIMBY Forums. The building, called Factory House, measures 56,711 square feet and rises 109 feet above street level to the top of its bulkhead. It contains 2,309 square feet of ground-floor retail, followed by residential units on the floors above. They will be condominiums, ranging from one- to four-bedrooms and averaging 1,189 square feet apiece. Rising Developers Group is both the developer and design architect. Alfredo T. Fredericks’s Elmhurst-based architecture firm is the architect of record. Occupancy can probably be expected soon.
Forest Hills-based Platinum Realty has acquired the two-story commercial building at 115-06 Myrtle Avenue, located on the corner of 115th Street in Richmond Hill, for $3.7 million, Commercial Observer reported. The sale comes after the previous owners began marketing the site, which consists of four parcels, back in November of 2015. The site could accommodate a mixed-use project, with commercial and residential space, of up to 26,524 square feet, as-of-right. A new development could grow to 70,000 square feet if it includes affordable residential units and benefits from the inclusionary housing zoning bonus. The new owner’s plans have not been disclosed. All of the parcels are vacant or have been vacated.