In 2015, Fortis Property Group laid out plans to redevelop the Long Island College Hospital property, located on several blocks in Cobble Hill. One proposal was for as-of-right development, while the other required an individual rezoning, approved through the city’s Uniform Land Use Review Procedure (ULURP). The developer has decided to move forward with the as-of-right plan, which will not include any affordable residential units, Politico reported.
The Ascend Group has acquired the eight-story, 44,000-square-foot former nursing home and individual landmark at 228 East Broadway, the four-story, 16,000-square-foot office building at 232 East Broadway, and the vacant plot at 226 East Broadway, all for $47.5 million. Plans for the Lower East Side assemblage have not been disclosed, although the Lo-Down has obtained a feasibility study on the site, by Space4Architecture, that includes two new 13-story mixed-use buildings.
Large new residential projects don’t happen often in the Rockaways, where most neighborhoods are zoned for small apartment buildings and one- and two-family homes. But one developer is planning a nine-story, mixed-use building at 1-37 Beach 116th Street in Rockaway Park, steps from the boardwalk and the ocean.
Apartments are finally taking shape on a long-vacant lot at the corner of Kent and West streets, along the Greenpoint waterfront. Tectonic swung by the site at 44 Kent Street to bring us an update on the project, which is one of several new buildings rising in this former industrial neighborhood.
Midtown South-based HH Realty Equities acquired, for $6.8 million, the single-story, 10,750-square-foot vacant commercial building at 1101 Avenue M, located on the corner of Coney Island Avenue in the heart of Midwood. The new owners plan to develop a mixed-use project with retail and residential units, Commercial Observer reported. The 10,750-square-foot site can accommodate up to 43,000 square feet of development. Neither demolition permits nor new building applications have been filed. The Avenue M stop on the Q train is five blocks away.