Earlier this year, Chetrit Group and Somerset Partners purchased two Bronx waterfront development sites at 2401 3rd Avenue and 101 Lincoln Avenue, in Port Morris, surrounding both sides of the Third Avenue Bridge, and now Curbed has the details for their project. The developers plan two 25-story towers totaling 1,600 residential units, across 1.3 million square feet, and retail space will span the first two floors. The site is currently occupied by warehouses.
Arthur Shapolsky is set to acquire the development assemblage consisting of 23-27 Third Avenue and 3 St. Marks Place in the East Village, across the street from Astor Place. The properties, set to trade for roughly $50 million, are currently occupied by a three-story townhouse and some retail structures. The site could accommodate a new building of 41,500 square feet, though plans have not yet been disclosed.
In December, YIMBY revealed renderings of Silverstein’s and El-Ad Properties’ 41-story, 365-unit mixed-use building planned for 1 West End Avenue, in Lincoln Square, and now Curbed has renderings of the building’s interior, which is being designed by Jeffrey Beers. Foundation work is currently underway at the site, and completion is slated for 2017. The Pelli Clarke Pelli-designed building will feature an affordable residential portion in its eight-story stone-clad base, and retail space is planned on the ground floor.
Applications filed last December at 504-524 Myrtle Avenue, in Clinton Hill, called for a six-story, 92-unit mixed-use building, but DNAinfo reports the unit count has increased, and the project will now stand eight stories tall. In the old filings, retail spanned 20,755 square feet on the first two levels. A rendering has also appeared at the site, where a single-story building has now been demolished. HTO Architects is designing, and Silverstone Property Group is developing.
Time Equities plans to convert The Venetian, a five-story, 33-unit rental building at 447 Avenue P in the southwestern corner of Midwood, into condominiums. The developer acquired the building in December of 2014 for $27 million, just two years after the project opened in 2012. The building, located a block away from the Avenue P stop on the F line, also has 8,000 square feet of ground-floor retail.