Phoenix Realty Group and Artimus Construction have acquired a 52-year ground lease for the development site at 147-07 94th Avenue in downtown Jamaica. The property was valued at roughly $34 million, and the development teams plan to build a mixed-use project with residential units and commercial-retail space. The residential units will be a mix of market-rate and affordable apartments.
Construction is now six floors above street level on the 17-story, 50-unit mixed-use building under development at 232 Seventh Avenue, located between West 23rd and 24th streets in Chelsea. The latest photo is courtesy of photographer Tectonic. The most recent building permits indicate the project will measure 53,135 square feet with a roof rising 170 feet above street level. There will be 2,424 square feet of retail space across the ground and cellar levels, followed by residential units on the second through 16th floors. The units will be rental apartments and should average 798 square feet apiece. An anonymous Chelsea-based LLC is the developer and C3D Architecture is behind the design. Completion is expected in 2017.
Moinian Group knocked down a diner at 43rd Street and 11th Avenue earlier this year. Now earth movers are excavating the site to make way for a 13-story residential building, and we have photos courtesy of Tectonic.
Late last month, YIMBY reported that piling work was underway at the site of HFZ Capital Group’s two-towered, 35- and 25-story, mixed-use project at 76 11th Avenue in southern Chelsea. The developer had been considering whether to construct a hotel or office space within the project’s commercial component; now it has been revealed that a five-star, 137-key Six Senses Hotels Resorts Spas is planned. The hotel portion will be located in the 25-story eastern tower and will feature a spa. It will be the Bangkok-based hotel operator’s first location in the United States.
Construction is now four stories above street level at 1930 Bedford Avenue in Prospect Lefferts Gardens, where a seven-story, 38-unit mixed-use project is under development. The latest photo is courtesy of prolific construction photographer Tectonic. The most recent building permits indicate the project will eventually measure 59,155 square feet. There will be 7,441 square feet of medical offices on the cellar through second floors, followed by the residential units, which should average 810 square feet apiece and are likely to be rentals. Nik Lavrinoff is the developer and Z Architecture is the architect. Completion is expected in 2017.
