SMA Equities has acquired the three low-rise properties spanning 295-299 3rd Avenue, in Gramercy, which amount to 13,000 square feet of mixed-use space, for $27.8 million. Per The Real Deal, the assemblage boasts 46,000 square feet of building potential, and development plans have yet to be disclosed.
Last September, YIMBY brought you news of a 26-story, 115-unit mixed-use building planned for 27-21 44th Drive, in Long Island City, which Silvercup Properties is developing. The Court Square Blog now reports demolition of the site’s former single-story structure is nearly complete. The DOB also approved permits in April, so construction is likely now imminent.
Brokelyn spotted the incoming 223 affordable units becoming available at the affordable mixed-use development dubbed Livonia Commons, with buildings at 491 Sheffield, 494 Sheffield, 494 Georgia, and 481 Williams Avenues, in East New York. L+M Dev. Partners and Dunn Dev. Corp. are the developers, and retail space will measure 16,000 square feet. Completion is expected in the beginning of 2016.
Commercial Observer reports RedSky Capital and JZ Capital Partners are planning to develop a 40-story mixed-use tower at the roughly 122,200 square-foot property at 18 India Street, on Greenpoint’s waterfront. The site boasts 652,000 square…
According to The Real Deal, St. Michael’s Church is seeking a new developer for the vacant site at 816 Amsterdam Avenue, on the Upper West Side. A feud between the church and previous developers ended with the ruling that the old developers were not entitled to the property. Now Avison Young is expected to market the property as a development site; previous plans included a 14-story project.