When the city rezoned Astoria five years ago, stretch of 31st Street that runs underneath the elevated N/Q tracks got new zoning that encouraged mixed-use development instead of just residential buildings. Now developers are snapping up small lots beneath the tracks and filing plans for moderately sized apartment buildings, incorporating a mix of residential, commercial and community facilities. Flushing-based builder Wen Ye is planning a seven-story project with retail and a small medical office at 30-63 31st Street, a block south of the 30th Avenue stop.
In February of this year, YIMBY reported on applications for a 15-story, 99-unit mixed-use building at 41-20 27th Street, in Long Island City, but now the developer, Rabsky Group, is planning to build an 18-story, 195-unit residential building, with a small 2,888 square-foot retail component on the ground floor. The Real Deal has renderings of the project, which is being designed by ODA Architecture. The building will measure 140,130 square feet, and its rental units will average 704 square feet apiece. Existing low-slung commercial buildings must first be demolished, and completion is expected in mid 2017.
The city’s Economic Development Corporation has requested proposals to develop the property at 124 East 14th Street, between 3rd and 4th Avenues in Union Square, according to Crain’s. Currently, a two-story commercial building housing a P.C. Richard & Son appliance store occupies the property. The site, however, boasts the potential for 140,000 square feet of residential development or 93,000 square feet of commercial development rights. The city is aiming to have an office building constructed, but the project could end up being residential or mixed-use. Existing retail leases in the building expire in February of next year, the same time proposals are due.
In the last few days of 2014, YIMBY reported on applications to construct a four-story, eight-unit mixed-use building at 681 Franklin Avenue, in northwestern Crown Heights, six blocks from the Franklin Avenue stop on the 2, 3, 4, and 5 trains. Now, Curbed and DNAinfo have renderings for various versions of the project. The building will actually appear as six stories and stand 60 feet tall, thanks to two mezzanine levels which weren’t included in the previous floor count. The building will also include 2,134 square feet of ground-floor retail space.
In July, Adam America Real Estate and Slate Property Group were in contract to acquire the development assemblage at 8-16 Nevins Street, in Downtown Brooklyn, and now the team has closed on the purchase, according to Crain’s. The developers paid $47.75 million for the site, and Vanke, a Chinese developer, is partnering to build a 33-story, 150-unit residential building. The tower will total 180,000 square feet, and retail space is also likely planned. Construction is expected to begin early next year, although multiple low-rise buildings must first be demolished.