Mixed-Use

Alternate view of 40 Debevoise Street - Photo by Gerri Hernandez

100% Affordable Housing Property for Seniors Debuts at 40 Debevoise Street in Williamsburg, Brooklyn

Debevoise Senior Housing, a 100 percent affordable housing property for senior residents, opened this week in Williamsburg, Brooklyn. The new property is located at 40 Debevoise Street and was developed in partnership by The Arker Companies, New York City’s Department of Housing Preservation and Development (HPD), and the Jewish Association Serving the Aging (JASA).

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Disney’s Headquarters Continues Ascent at 137 Varick Street in Hudson Square, Manhattan

Construction is continuing to rise on Disney’s 1.2 million-square-foot headquarters at 137 Varick Street in Hudson Square. Alternately addressed as Four Hudson Square, the 22-story, 338-foot-tall steel-framed structure is designed by Skidmore, Owings & Merrill and is being developed by Silverstein Properties. The media giant purchased the full-block parcel from Trinity Church Real Estate for a total of $650 million and Skanska demolished four old structures that occupied the site last summerLendlease is constructing the new headquarters, which is bound by Varick Street to the east, Spring Street to the south, Hudson Street to the west, and Vandam Street to the north.

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One Wall Street’s Residential Conversion and Retail Addition Wraps Up in Financial District, Manhattan

Work is wrapping up on One Wall Street, the largest office-to-residential conversion project in New York City’s history. Developed by Macklowe Properties, the 90-year-old, 564-foot-tall Art Deco building is undergoing a 21st century restoration and overhaul that will yield 566 new residential units, a 44,000-square-foot Whole Foods Market, and a four-floor 75,000-square-foot Life Time fitness center on the lower levels of the Financial District property. At the top of the mid-century annex is a multi-story addition that was designed by SLCE Architects. Compass Development Marketing Group is handling sales and marketing for the homes with the help of a sales gallery located within the Red Room on the ground floor. One Wall Street is bound by Broadway and Trinity Church to the west, Wall Street to the north, Exchange Place to the south, and New Street to the east. JT Magen is the general contractor for the complex project.

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Permits Filed for 975 Nostrand Avenue in Crown Heights, Brooklyn

Permits have been filed for a five-story mixed-use building with mixed-income housing at 975 Nostrand Avenue in Crown Heights, Brooklyn. Located between Empire Boulevard and Montgomery Street, the lot is two blocks from the Sterling Street subway station, serviced by the 2 and 5 trains. Sally Gilliland of Cadman Associates LLC is listed as the owner behind the applications. Earlier this year Hudson Companies purchased the site from Midwood Investment & Development for $41.5 million.

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