A year ago, the Daten Group paid $24 million for eight properties on Fourth Avenue between 16th Street and the Prospect Expressway in South Slope. Now we have a look at the 11-story condo building headed for the site at 581 Fourth Avenue.
Long Island-based American Equity Partners is preparing to file applications to convert the 12-story, 350,000-square-foot office building at 440 Hamilton Avenue, located on the corner of North Broadway in downtown White Plains, into 245 rental apartments. Twenty-five of the units, roughly 10 percent of the total, will be designated as affordable. The project includes a redesigned façade and the addition of a 13th-floor penthouse, Westfair reported. A ground-floor retail unit is also planned, and it’s possible up to two floors of office space could remain, depending on demand. White Plains-based Papp Architects is designing the conversion. The project will go before the city’s Zoning Board of Appeals.
Alchemy Properties is developing a 316-foot-tall condominium tower at the corner of 30th Street and Sixth Avenue in NoMad, and Tectonic swung by the site recently to document the latest progress. The development, known as NOMA, has reached three stories above street level at 50 West 30th Street.
Pearl Paint, an icon at the northern edge of TriBeCa, closed over two years ago, pushed out because the rent was too high. The larger of its buildings, at 304-306 Canal Street, is already under redevelopment. Now, the Landmarks Preservation Commission is overseeing the redevelopment of 308-310 Canal Street. The agency held a public hearing on it last Tuesday, but no approval was granted.
Renderings have been revealed of the two-towered, 1,350-unit mixed-use project planned at 260 South Street, on the Lower East Side. As currently proposed, the towers would stand 69 and 62 stories in height, rising 798 feet and 728 feet to their roofs, respectively. Twenty-five percent of the units would rent at below-market rates through the affordable housing lottery, the Lo-Down reported, and some senior housing will also be incorporated. Plans are still in place to expand the ground-floor retail footprint of the existing 26-story Section 8 residential buildings, called Lands End II, at 265 Cherry Street and 275 Cherry Street, which contain a total of 491 apartments. Renovations will be made to existing park spaces.