Mixed-Use

45-01 23rd Street

Developer Assembling Site For Mixed-Use Tower At 45-01 23rd Street, Long Island City

SoHo-based Tavros Capital is currently in the process of assembling a site with significant development potential on the corner of 23rd Street and 45th Avenue, in the Court Square section of Long Island City. Over the summer, the development firm purchased the townhouses at 45-03 23rd Street and 45-07 – 45-09 23rd Street for $11.25 million, and has since entered into contract on two additional properties, while waiting for two more. Plans include a mixed-use building with retail, office, and residential components, The Real Deal reported. The site can accommodate up to 167,000 square feet of mixed-use development as-of-right, though an additional 83,000 square feet of air rights could be acquired. Tavros expects the assemblage to cost between $30 and $35 million once complete.



145 Clinton Street

15-Story, 211-Unit Mixed-Use Building Tops Out At 145 Clinton Street, Lower East Side

Construction has topped out on the 15-story, 211-unit mixed-use building under development, as part of the Essex Crossing mega-development, at 145 Clinton Street, on the Lower East Side. The structure can be seen in an update by Bowery Boogie. The project encompasses 283,178 square feet. There will be 73,000 square feet of commercial-retail space across the ground through second levels, followed by rental apartments on the floors above. Half of the apartments, or 105 units, will rent at below-market rates through the housing lottery. Delancey Street Associates, comprised of L+M Development Partners, Taconic Investment Partners, and BFC Partners, is the developer. Beyer Blinder Belle is behind the architecture. Completion is expected in 2017.


436 Albee Square

28-Story, 150-Unit Mixed-Use Building Gets Façade At 436 Albee Square, Downtown Brooklyn

Since YIMBY’s previous update in May, the 28-story, 150-unit mixed-use tower under development at 436 Albee Square, in Downtown Brooklyn, has topped out and begun façade installation. The latest photo of the project was posted to the YIMBY Forums by construction photographer Tectonic. The most recent building permits indicate the structure measures 155,100 square feet and stands 310 feet above street level. There will be 23,740 square feet of retail space across the cellar through third floors. The residential units above should average 793 square feet apiece, indicative of rental apartments. Yoel Schwimmer is the developer and ODA New York is behind the design. Completion is expected in 2017.


532 Neptune Avenue

New Rendering Revealed Of Neptune/Sixth’s Single-Story Retail Building Planned At 532 Neptune Avenue, Coney Island

An updated rendering has been revealed for the phase two retail portion of Neptune/Sixth, a multi-building, mixed-use development located at 532 Neptune Avenue and 626 Sheepshead Bay Road, in Coney Island. The first phase, now under construction, consists of a seven-story, 161,000-square-foot mixed-use commercial building. The second phase of the project will be a single-story, 90,000-square-foot retail building. CVS Pharmacy recently signed a lease for 11,300 square feet in the building and construction is set to begin later this fall.


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