Extell Development is in contract to purchase the single-story grocery store at 350 East 86th Street, on the Upper East Side, for $100 million, Crain’s reports. The developer also owns neighboring sites, and can build a 20-story, 230,000 square-foot condominium building, with 200 units and retail space. The acquisition is expected to close next year, also when Gristedes’ lease expires. Extell’s plans have yet to be disclosed, and assemblage could be expanded with further acquisitions.
Savanna has filed applications for a variance to build a 44-story, 310,000 square-foot mixed-use building at 141 Willoughby Street, in Downtown Brooklyn. In exchange for the rezoning, 30 percent of the building’s 270 residential units would be set aside as affordable. At the base, 28,000 square feet of retail space would span the ground and second floors, in addition to 34,000 square feet of office space on the third and fourth floors, according to The Real Deal. An existing three-story building must first be demolished.
Edward Katanov, operating under an anonymous LLC, has filed applications for a five-story, 10-unit mixed-use building at 211 Troy Avenue, in central Crown Heights, five blocks from the Utica Avenue stop on the 3, 4 and 5 trains. A day care facility will span the cellar through second levels, measuring 10,200 square feet, and residential units, averaging 835 square feet, will take up the third through fifth floors. Scott Schnall Consulting, based in Cobble Hill, is the applicant of record, and the former three-story, three-unit townhouse was demolished in July.
Prime Rok Real Estate has filed applications for an eight-story, 10-unit mixed-use building at 150 East 108th Street, in East Harlem, two blocks from the 6 train’s stop at 110th Street. The 13,187 square-foot building will feature 2,209 square feet of retail space on the ground floor, followed by the same square footage in health care facility on the second floor. Apartments will occupy the third through eighth floors, averaging 877 square feet apiece. Bushwick-based Hany Rizkalla is the architect of record.
Earlier this spring, the development site at 211-215 Schermerhorn Street, in Downtown Brooklyn, was placed on the market for $30 million, and now GPB Realty Capital is in contract to purchase the property. Neither the price nor the future plans have been disclosed, although a 75,000 square-foot residential or hotel building could be built. TerraCRG brokered the property, and the lots are currently vacant, according to The Real Deal.