In June of 2015, YIMBY reported on applications for a 10-story, 57-unit mixed-income rental project at 221 East 138th Street, in Mott Haven, but now Tahoe Development is swapping plans for a seven-story, 50-unit market-rate condominium building. Welcome2TheBronx reports the developer is abandoning plans to include affordable units due to cost concerns. It would also be the first market-rate condo project in the South Bronx since the 2008 financial crisis. The condos will come in studio, one-, and two-bedroom layouts, and the new building will contain ground-floor retail space as previously planned. Hudson Square’s Michael Muroff Architect is the architect of record. The existing two-story warehouse is currently being demolished.
Back in July of 2014, YIMBY reported on applications for a 14-story residential building at 24-16 Queens Plaza South, in the Queens Plaza section of Long Island City, but now a new developer, Greystone Property Development, has acquired the site for $23 million. Greystone plans to add 17 stories to the existing five-story commercial building, Crain’s reports. The 22-story, 100,000-square-foot project will include 117 residential units and 3,836 square feet of ground-floor retail space, according to building permits approved back in December of 2015. The residential units would spread across 86,529 square feet of space for average units of 740 square feet apiece, indicative of rentals. Amenities include an outdoor pool, a gym, meeting rooms, and a roof terrace. Woods Bagot is designing. The developer has already secured $39 million in construction financing.
Rego Park has one of the strongest rental markets in central and eastern Queens, and developers are finally starting to take notice. Last week, YIMBY spotted plans for a 12-story, mixed-use building at 63-98 Wetherole Street, a couple blocks south of Queens Boulevard.
Last fall, Alfa Development shelled out $69.6 million for four buildings at the corner of East 21st Street and Third Avenue in Gramercy. Now they’ve filed plans for a 20-story residential building at 200 East 21st Street.
Back in July of 2014, YIMBY reported on plans for a seven-story, 48-unit mixed-use building at 500 Waverly Avenue, in southern Clinton Hill, located right across from the Clinton-Washington Avenues stop on the C train. Now, Curbed NY has official renderings of the project, dubbed Waverly Brooklyn and now addressed as 500 Waverly Avenue, which recently topped out at 78 feet above street level. The new 62,719-square-foot building will include 7,128 square feet of ground-floor retail space and its condominium units should average 975 square feet apiece. Unit configurations will range from studios to four-bedrooms, and amenities include 24 car parking spaces in the cellar, bicycle storage, private storage space, a gym on the second floor, and a rooftop terrace. Orange Management is the developer and Gerner, Kronick & Valcarcel (GKV Architects) is behind the design. Completion is expected later this year.