An anonymous LLC affiliated to Brooklyn-based Marcel Group has purchased the relatively large block-thru development site at 129 Beach 116th Street, in Rockaway Park, located a block south of the Rockaway Park – Beach 116th Street stop on the A and Rockaway Park Shuttle trains. According to DNAinfo, the developer paid $5 million for the site, which is currently home to a vacant single-story structure. The property could accommodate an eight-story, 114,000 square-foot mixed-use building with up to 16,000 square feet of retail space.
The New York City Economic Development Corporation (EDC) is allowing an undisclosed developer to redevelop the currently vacant, 138,000 square-foot Bedford-Union Armory property at 1555 Bedford Avenue, in western Crown Heights. According to DNAinfo, the former military facility will be transformed into residential units and a recreational facility. The domed portion of the facility will be home to a soccer field, three basketball courts, and a swimming poll, and will be operated by CAMBA. Along President Street, 13 townhouse units will be carved out of the building. The armory is low-rise in nature on its southern street front. Finally, a mixed-income residential building will be built from the ground up on the site’s eastern end. The entire project must pass through ULURP.
In early 2014, YIMBY reported on applications for a nine-story, 22-unit mixed-use building at 181 West 126th Street, in Harlem, and now an on-site rendering has been posted, Harlem+Bespoke reports. The project will measure a total 19,942 square feet and includes a 2,430 square-foot ground-floor retail portion. Residential units will begin on the second floor and average 796 square-feet apiece. It will be topped by a 500 square-foot rooftop recreational space, and Great Neck-based Frank Petruso is the architect of record. Indications are that excavation is also imminent.
Clarion Partners has purchased a 70 percent stake in the vacant 14-story, 182,000 square-foot American Stock Exchange Building at 86 Trinity Place, in the Financial District. Clarion payed $105 million to GHC Development, and the developer plans to convert the former office building into commercial-retail and a 156-key hotel. Retail space will be located from the ground floor through the fifth floor, while the hotel will be located on the upper floors. A restaurant will be built on the sixth floor. The building’s floor area will technically be expanded, thanks to expansions on the fourth floor, the addition of a fifth floor, and enlargements towards the top of the building. David Nicholson’s Hell’s Kitchen-based SBLM Architects is the architect of record. [The Real Deal]
The Safra family’s JSRE Acquisitions has filed applications to convert part of the 22-story, 475,000 square-foot mixed-use commercial building at 660 Madison Avenue, in Lenox Hill between East 60th and 61st Streets, into residential and hotel units. Beginning on the 10th floor, there will be 54 dwelling units added in total. The hotel portion will be located from floors 10 through 15, although it’s not specified how many of the 54 dwelling units will be part of the hotel. Regardless, the remaining units will be residential and will be located throughout floors 10 through 22. Roof terraces already exist on many of the floors and the top two floors will consists of duplex units.