In mid-2014, YIMBY reported on applications for a 13-story, 24-unit mixed-use building at 32-06 Astoria Boulevard, in central Astoria, located a stone’s throw away from the N/Q trains’ stop on the same street. Lambros Houliaras, head of Astoria-based Double T Corp., recently scaled down the project and is now planning a six-story, 27-unit building. The 26,016 square-foot structure would include 4,273 and 743 square feet of retail and medical offices, respectively, on the ground floor. Beginning on the second floor, residential units would average a rental-sized 778 square feet apiece. The building will feature a rooftop terrace, and Long Island-based Constantine Efstathiou is the architect of record.
Herman Weiser, doing business as a Brooklyn-based LLC, has filed applications for a four-story, five-unit mixed-use building at 687 Myrtle Avenue, in northwestern Bedford-Stuyvesant. Located four blocks north of the G train’s stop at Bedford-Nostrand Avs., the 6,036 square-foot project will include 1,681 square feet of ground-floor retail space. Residential units begin on the second floor and will average 871 square feet apiece. One of units on the fourth floor will also feature a fifth-floor penthouse, and Greenwich Village-based De-Jan Lu Architect is the applicant of record. An existing two-story townhouse must first be demolished.
Property Markets Group and the Hakim Organization have purchased the roughly 34,000 square-foot property at 42-50 24th Street, in the Queens Plaza section of Long Island City, for $69 million. The site boasts approximately 270,000 square feet of development rights that could go towards a mixed-use project. The property is currently occupied by a taxi company and their old single-story building, although plans for the future have not been disclosed, per The Real Deal. The same developers recently topped out their 44-story, 391-unit mixed-use project a block to the north at 23-10 Queens Plaza South.
Back in 2014, YIMBY reported on applications for a 25-story, 368-unit mixed-use building at 210 Livingston Street, in Downtown Brooklyn, and then this past October, developers Benenson Capital Partners and Rose Associates were working to land $158 million in construction loans. Real Estate Weekly reports the loan has closed, and in addition, has revealed the rendering for the project, which is being designed by Handel Architects. Seventy-four of the apartment units will be rented below market-rate, and nearly 20,000 square feet of retail space is planned on the ground and cellar levels. An 11-story office building was demolished back in 2014, and now that construction is imminent, completion is expected in late 2017.
Earlier this year, construction wrapped up on the first phase of Long Island City’s Hunters Point South mega-development, which includes two residential towers with a total of 925 affordable units, plus a 1,100-seat school and a waterfront park. The city is now moving forward to build the infrastructure needed for the project’s second phase, and Curbed reports excavation work is well underway. The second phase will include, but is not limited to, a 1,193-unit mixed-income residential building, which is to be developed by TF Cornerstone and Selfhelp Community Services. Thousands of additional residential units are also in the works, along with retail and community space. Thomas Balsley Associates, Weiss/Manfredi, and ARUP are designing the public park that will eventually line the waterfront. The park and infrastructure work is expected to be complete by 2018.