Back in 2013, Chetrit Group acquired the 37-story, 855,000 square-foot office building at 550 Madison Avenue, between East 55th and 56th Streets in Midtown, for $1.1 billion. Now the developer has released a partial rendering and details of the planned conversion of the building known as Sony Tower and previously the AT&T Building, per Curbed. Floors 21 through 43 will be converted into 113 condominiums and the lower portion of the building will contain a 170-key hotel, featuring 60 suites and a slew of amenities. Robert A.M. Stern Architects is designing, and completion is expected in early 2018. The Philip Johnson-designed tower originally opened in 1984.
Towards the end of last summer, foundation work was underway for a six-story, 79-unit affordable residential building at 1700 Broadway, in Ocean Hill, a block from the Chauncey Street stop on the J and C trains. Now, the structure is five stories above street level, per Brownstoner, and another six-story, 55-unit affordable building by the same developers is four stories up a block to the north, at 1676 Broadway. All units will be rented at well below-market rates and 7,200 square feet of ground-floor retail space is planned. Services for the Underserved and Alembic Community Development are developing, while Peter Woll is the architect. Completion is expected in early 2016.
Back in October of 2014, YIMBY reported on applications for an eight-story, 134-unit mixed-use building at 2351 Adam Clayton Powell Jr. Boulevard, in Harlem, and then we brought you renderings of a redevelopment proposal that would have saved the dilapidating Harlem Renaissance Ballroom from demolition. Since then, the ballroom has been demolished, and now developer BRP Companies has landed a $53.2 million loan to build the project, according to Commercial Observer. Construction is reportedly underway, with completion expected in 2017.
North Development Group has purchased the development assemblage spanning 286-306 Wythe Avenue, in northwestern Williamsburg, for $26.5 million, according to Commercial Observer. The new owner plans to build a mixed-use project of 40 to 50 residential units with retail and community space; the site has 51,200 square feet of development rights. The existing single-story warehouses will be demolished, which is a departure from previously filed plans calling for an expansion of the structures.
Early in November, renderings surfaced of the planned 12-story redevelopment of the single-story commercial building at 225 East Houston Street, on the Lower East Side, and now applications have been filed for the expansion project. The existing 17,471 square-foot property will be expanded to 41,000 square feet. The development will include a 6,800 square-foot ground-floor retail component and its 38 residential units will average 900 square feet apiece. Bluarch Architecture is responsible for the most recent renderings, but that firm is no longer working with the property owner, per Bowery Boogie; Rogers Architects is the architect of record. The existing former Provident Loan Society building is not a city landmark, but preservationist Christian Emanuel has filed a request for evaluation (RFE) with the Landmarks Preservation Commission.