Dafna Development Group has filed applications for a five-story, two-unit mixed-use building at the vacant lot of 728 Prospect Place, in western Crown Heights, equidistant from subways stations serviced by the 2/3/4/5 and A/C trains. The building will total 4,440 square feet in total, with 1,425 square feet of retail space on the ground floor. Two duplex units will split the upper four levels, penthouse included. Suresh Manchanda’s L&C Associates is the architect of record.
RedSky Capital recently acquired the three-story commercial building at 585 Fulton Street, in Downtown Brooklyn, for $13 million, and now owns the entire triangular block spanning 565-591 Fulton Street and 398 Flatbush Avenue Extension (excepting the four-story building at 571 Fulton Street). The assemblage currently has 280,000 square feet of development rights, but if No. 571 is acquired, that figure would increase to 330,000 square feet, according to The Real Deal.
Soho Properties, MHP Real Estate Services and Hampshire Hotels Group have closed on the purchase of 19,772 square feet of air rights for their planned 29-story, 384-foot mixed-use commercial building at 560 7th Avenue, in Midtown (at 40th Street), according to Commercial Observer. A 238-key Dream Hotel is planned, which will also feature retail space on the ground & second floor, and restaurants on the third floor and cellar level. Stonehill & Taylor Architects is designing, and demolition of the existing six-story building is expected to commence by the end of this year.
Steve Zervoudis’ Galaxy General Contracting has filed applications for a three-story, five-unit mixed-use building at 573 Jackson Avenue, in Woodstock, a block from the Jackson Avenue 2/5 train stop in the Bronx. The building will measure 4,620 square feet in total, which includes the 440 square-foot commercial-retail unit on the ground floor. Market-rate residential units will measure 835 square feet each, and Georgios Georgopoulos is the architect of record.
Earlier this month, Fisher Brothers, Witkoff and New Valley secured financing for their 58-story, 157-unit condominium project at 111 Murray Street, in southern Tribeca, and now the team has broken ground on the building. The Kohn Pedersen Fox-designed tower is already over 40% sold, with interiors designed by MR Architecture + Décor. Completion is expected in early 2018.