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.
Construction is well underway on a four-building, 1.2-million-square-foot mixed-use development, dubbed Tangram, in downtown Flushing. The project is located on much of the block bound by College Point Boulevard, Prince Street, and 37th and 39th avenues. Work appears to be above street level on the 13-story, 192-unit residential building at 133-27 39th Avenue. The condominium residential units in this building should average 987 square feet, per the latest building permits. Also under construction is a four-level, 377-car underground parking garage.
Empire State Development (ESD) has released a request for expression of interest (RFEI) for the 12.8-acre development site at 400 East 132nd Street, in the South Bronx’s Mott Haven section. The state is seeking to lease or sell the property, which is currently used as a transfer station for trains and trucks, to a development team that’s willing to deck over the station and build a mixed-use project, Crain’s reported. The property, zoned for manufacturing, is an “ESD General Project Plan,” which means the state, through its own approval process, is able to override local zoning regulations. Some percentage of affordable housing is likely envisioned by ESD. The site is owned by the state’s Department of Transportation. Responses are due by February 2, 2017.
A project that would redevelop the long-vacant, nine-story hospital building at 82-41 Parsons Boulevard, in Jamaica Hills, formerly known as the Triboro Hospital for Tuberculosis and presently called the “T Building,” is slowly moving through the city’s Uniform Land Use Review Procedure (ULURP). Dunn Development Corp. is proposing a 205-unit mixed-use conversion, where 130 of the apartments would rent at bel0w-market rates through the affordable housing lottery. The remaining 85 units would be set aside as supportive housing for homeless individuals. There would also be 12,000 square feet of space for the Queens Hospital Center, located nearby, and 8,000 square feet of community facility space, DNAinfo reported. The Health and Hospital Corporation’s Board of Directors has approved the project, as well as Community Board 8. The City Council, which almost always defers to the wishes of the local council member, has not yet voted on the project. The area is represented by Council Member Rory Lancman.
An investment group has acquired, for $76.5 million, Brooklyn Law School’s four-story, 40,000-square-foot office building at One Boerum Place, located on the corner of Fulton Street in Downtown Brooklyn. The group includes Avery Hall Investments, Allegra Holdings, and Aria Development Group, the Wall Street Journal reported. Although plans are not final, the development team expects to build a 160,000-square-foot mixed-use tower at the site. The project would include residential units and commercial space, possibly in the form of retail and/or offices. Demolition permits have not been filed for the 13,290-square-foot site’s current building, although groundbreaking is expected sometime next year.