In early 2015, the two-story expansion of the 11-story, 124-unit residential conversion project at 42-15 Crescent Street, in the Queens Plaza section of Long Island City, topped out, and later that year exterior construction largely wrapped up. World Wide Group is now acquiring the project from Meadow Partners for roughly $70 million, according to The Real Deal. World Wide will finish construction on the 111,000-square-foot building, which will have 7,596 square feet of ground-floor retail space. The apartments will be rentals and should average 761 square feet apiece. Amenities will include a lounge, bike storage, a gym, and rooftop recreational space. Avinash K. Malhotra Architects is designing. Completion is expected later this year.
Property owner Daniel Wise, doing business as an anonymous LLC, has filed applications for a six-story, five-unit mixed-use building at 193 Henry Street, on the Lower East Side, located two blocks from the East Broadway stop on the F train. The development will encompass 8,610 square feet and would replace a dilapidated four-story, 25-foot-wide townhouse, for which demolition permits were recently filed. There will be 1,355 square feet of ground-floor retail space and a small 384-square-foot medical office in the cellar. The full-floor residential units begin on the second floor and will average a specious 1,374 square feet apiece, indicative of condos. The structure will be topped by a rooftop terrace and recreation space. Think Architecture and Design is the architect of record.
The New York City Economic Development Corporation (NYCEDC) has launched a Request for Proposals (RFP) for two city-owned development sites adjacent to each other, which total 4.5 acres, at 5-40 44th Drive and 4-99 44th Drive. Politico New York reports that the city is looking for developers to build “at least 300,000 square feet of commercial office or light manufacturing space, up to 1,000 apartments, a school, and a small park.” The site is currently located in a manufacturing district but would be rezoned for a mixed-use project. It currently consists of a single-story Department of Transportation facility, a surface parking lot, and a restaurant (which has a lease that expires in 2017). Proposals are due by May 26, 2016.
In 2012, Rockrose Development acquired the commercial building at 528-534 West 39th Street, in the Hudson Yards District, effectively completing a full-block, 73,793-square-foot assemblage between Eleventh Avenue and Hudson Boulevard. The developer has now begun the Urban Land Use Review Procedure (ULURP) that could grow the development potential of the site – also known as 476 Eleventh Avenue – from roughly 500,000 square feet as-of-right to 1.4-million square feet, The Real Deal reports. A mixed-use building with a total 528 residential units and roughly one million square feet of commercial space could be built if the site’s development potential is maxed out. Existing four- and two-story commercial buildings must first be demolished.
In October of 2015, YIMBY reported on applications for an 11-story, 116-unit residential building at 3084 Webster Avenue, in Norwood, located six blocks from the Norwood – 205th Street stop on the D train. The Department of Buildings disapproved the applications last November and the developer, Stagg Group, has now filed applications for a slightly larger project with Midtown-based Marin Architects, a different architecture firm than before. The latest plans call for an 11-story, 118-unit mixed-use building which would encompass 133,845 square feet in total, roughly 20,000 square feet larger than the previous filing. There will be 4,325 square feet of retail space and 3,185 square feet of community facility space on the ground floor. The apartments above should average a family-sized 1,008 square feet apiece, and 20 percent of them will rent at below-market rates. A two-story warehouse in the back of the site assemblage must first be demolished.