Back in August of 2015, YIMBY reported on applications for a 10-story, 53-unit residential building at 255 East Houston Street, on the Lower East Side, but now landlord Samy Mahfar is taking the project through Urban Land Use Review Procedure (ULURP) in order to build commercial-retail space. According to Bowery Boogie, the latest plans call for 13-story building on East Houston and an eight-story counterpart at 171 Suffolk Street. As proposed, the entire project would encompass 93,015 square feet and includes 7,240 square feet of ground-floor retail space. There would be a total of 63 residential units and 20 percent of them would be rented through the affordable housing lottery. Stephen B. Jacobs Group is designing and completion is tentatively scheduled for 2020. An existing four-story building must first be demolished.
Last month, news broke that Madison Equities and Pizzarotti-IBC are planning an 86-story, 245-unit residential tower at 45 Broad Street, in the Financial District, and now The Real Deal has the first look at the 1,100-foot building. CetraRuddy is designing the project, and the renderings are being used in EB-5 materials, which means the design is likely preliminary. The developers are seeking to raise $75 million in financing through the program. The first five floors, or roughly 50,000 square feet, will be dedicated to commercial space, and the residential units will come in studio, one-, two-, and three-bedroom configurations. The project’s 20,000 square feet of amenities will include a pool, a fitness center, an outdoor garden, and lounges with entertainment areas. New building applications and a groundbreaking are expected later this year, with completion slated for 2018. AMS Acquisitions is another partner in the project.
Back in July of 2014, YIMBY brought you renderings of the proposed 14-story, 10-unit residential building at 207 West 75th Street, on the Upper West Side. The project required a special permit from the Board of Standards and Appeals, but the developer was unsuccessful in obtaining a variance and the site was eventually unloaded for $13.25 million in 2015. The new developer, Opal Holdings, has since filed applications to expand the existing two-story building into a seven-story, five-unit mixed-use one. Real Estate Weekly now reports a $14.8 million construction loan has been secured for the 20,000-square-foot project. There will be 5,000 square feet of retail on the ground and cellar levels, and full-floor apartments beginning on the second floor. The sixth and seventh floors will contain a five-bedroom duplex penthouse featuring a terrace. Jeffrey Cole Architects is designing.
Last December, renderings surfaced of the 12-story, 75-unit mixed-use building at 69 East 125th Street, in East Harlem, and now foundation work is underway, Harlem+Bespoke reports. The project will encompass 80,619 square feet and will include 5,643 square feet of ground-floor retail space. The residential units will begin on the second floor and should average 767 square feet apiece, indicative of rental apartments. Twenty percent of the units will rent at below market-rates, and amenities will include underground parking for 15 vehicles, laundry, bike storage, residential storage, a fitness center, and rooftop recreational space. Greystone Property Development is the developer with Kutnicki Bernstein Architects designing. Completion is expected in early 2017.
In early 2015, the two-story expansion of the 11-story, 124-unit residential conversion project at 42-15 Crescent Street, in the Queens Plaza section of Long Island City, topped out, and later that year exterior construction largely wrapped up. World Wide Group is now acquiring the project from Meadow Partners for roughly $70 million, according to The Real Deal. World Wide will finish construction on the 111,000-square-foot building, which will have 7,596 square feet of ground-floor retail space. The apartments will be rentals and should average 761 square feet apiece. Amenities will include a lounge, bike storage, a gym, and rooftop recreational space. Avinash K. Malhotra Architects is designing. Completion is expected later this year.