In 2014, YIMBY revealed renderings for a mixed-use redevelopment of the buildings at 119-123 Kent Avenue, in northern Williamsburg, located three blocks from the Bedford Avenue Station on the L train. Now, Commercial Observer reports CW Realty and Joyland Group have acquired the three four-story tenement buildings for $15.9 million, which measure roughly 15,000 square all together and come with 5,700 square feet of air rights. The new owners plan to combine the three buildings through the first floor and create a 5,625 square-foot retail space. It’s not known if the old proposal is being built, but the properties’ existing 18 total residential units will be renovated. Only two of them are currently occupied (and they are rent-stabilized).
The four-story, 24,000 square-foot commercial building at 5018-5024 4th Avenue, in Sunset Park, has been purchased by developer Congregation Imrei Yehudah for more than $7.5 million. According to the Brooklyn Daily Eagle, the new owner plans to convert the vacant building into residential units or office space. The 6,400 square-foot lot also contains 2,880 square feet of air rights, which could go towards expanding the building. It’s conveniently located three blocks north of the 53rd Street stop on the R train.
In the beginning of 2015, YIMBY reported on filings for a 12-story, 108-unit mixed-use building at 79-89 Avenue D, in the Alphabet City section of the East Village, and now DNAinfo reports the development is moving forward. Earlier this month, Rite Aid was the final tenant to move out of the property assemblage, and within the past few days, L+M Development Partners filed demolition permits to raze the single-story retail buildings. The project will include 22 affordable residential units as well as 7,693 square feet of ground-floor retail. Also, all the residential units will be rentals and should average 821 square feet apiece. GF55 Partners is the architect of record.
In May of 2015, YIMBY revealed renderings of the first building to be constructed at Hallets Point, the seven-building, 2,404-unit mega-development planned in western Astoria. Later that summer, we reported on the building’s applications, which call for a 22-story, 224-unit residential building with a 25,350 square-foot supermarket at 26-01 1st Street. Now, the Durst Organization is planning, on Thursday, to hold a groundbreaking ceremony for the building, according to DNAinfo. The Dattner Architects-designed structure will encompass 520,913 square feet in total, 368,745 square feet of which will be residential space. Completion of 26-01 1st Street is expected in 2017.
As the city prepares to rezone a big swath of East New York, officials haven’t paid much attention to Brownsville, the smaller and poorer neighborhood next door. Despite Brownsville’s rough reputation, developers have started buying up property in the area.