Mixed-Use

Developer Moves Forward With Unknown Project At 23-32 Park Row, Financial District

6:00 am on January 27, 2016 By Reid Wilson

L+M Development Partners is moving forward with an unknown development at 23-32 Park Row, in the Financial District. Last week, YIMBY forumers posted that demolition permits have been approved to take down the four-story building at 23-27 Park Row, the five-story property at 29 Park Row, and the five-story structure at 31-32 Park Row. All the buildings were formerly used as commercial-retail space and demolition can commence as soon as the structures are prepped. The property assemblage consists of a 17,855 square-foot plot with just under 150 feet of street front on Park Row. The site can accommodate 267,825 square feet in development potential as-of-right, according to our calculations, and it could sprout an office or hotel building with retail space, or a mixed-use project with residential units.

Developer, SCA Reach Deal At Planned Mixed-Use Development At 42 Trinity Place, Financial District

10:00 am on January 26, 2016 By Reid Wilson

Early last year, YIMBY brought you conceptual renderings of the possible supertall mixed-use tower that could rise at 42 Trinity Place, in the Financial District. Now the developer, Trinity Place Holdings, reached a deal with the city’s School Construction Authority (SCA) to build an elementary school in the base of the building, Tribeca Trib reports. The public school will boast 476 seats and a design is expected to be released of it this upcoming summer. In 2013, the city put forth $27.5 million in its budget to build a new school in the Financial District. The scope of the entire project has yet to be revealed, but it could potentially measure upwards of one million square feet and have retail, hotel, and residential components. Multiple buildings must first be demolished.

21 West End Avenue Nears the Finish Line on the Far West Side

7:00 am on January 26, 2016 By Rebecca Baird-Remba

When we last checked in with 21 West End Avenue back in 2014, only a few stories of the 43-story tower had risen above street level. Now, Dermot Company is putting the finishing touches on the 529-foot-tall building between West 60th and 61st streets, and YIMBY reader Tectonic swung by for a construction update.

Financing Complete For 25-Story, 115-Unit Mixed-Use Project At 565 Broome Street, Hudson Square

4:00 pm on January 25, 2016 By Reid Wilson

Over the summer summer, YIMBY partially revealed renderings for the planned 25-story, 115-unit residential building at 565 Broome Street (a.k.a 100 Varick Street), in Hudson Square. The developers have now secured a $320 million construction loan for the project, according to Crain’s, and Cindat (the U.S. branch of Beijing-based China Cinda Asset Management Co.) also acquired a $135 million stake in the project. The development team – SHVO, Bizzi & Partners Development, Halpern Real Estate Ventures, Aronov Development, and Itzhaki Acquisitions – recently acquired the two-story annex at 555 Broome for $9 million, completing the assemblage.

Reveal For Six-Story, 71-Unit Mixed-Use Building At 165 Huguenot Street, New Rochelle

3:00 pm on January 25, 2016 By Reid Wilson

Last October, YIMBY brought you news that Anup Misra, head of East & Hudson Real Estate, is developing a six-story, 71-unit mixed-use building at 165 Huguenot Street, in downtown New Rochelle. Now, the Daily Voice has a rendering of the project, dubbed the Print House. The 64,000- square-foot building will feature studio, one-, and two-bedroom rental apartments, measuring between 500 and 975 square feet apiece. There will also be 3,000 square feet of ground-floor retail space. The New Rochelle Industrial Development Agency recently approved a 12-year Payment in Lieu of Taxes (PILOT) structure for the project, which is a tax incentive. An existing two-story commercial building must first be demolished. Construction is expected to begin this spring, with completion scheduled in 2017. Magnusson Architecture & Planning is behind the design.

Request For Proposals Released For Mixed-Use Development Site At 2870 Webster Avenue, Bedford Park

2:00 pm on January 25, 2016 By Reid Wilson

The New York Botanical Garden has released a Request for Proposals (RFP) for a mixed-use development assemblage at 2856-2870 Webster Avenue and 412 Bedford Park Boulevard, in Bedford Park. According to Curbed NY, the site could accommodate roughly 300 residential units, in addition to a 125-plus-key hotel and at least 12,000 square feet of retail. The site is located right above the Metro-North Railroad’s Botanical Garden station and currently consists of multiple low-rise commercial buildings. Proposal submissions are due on March 1, and the Garden is hoping to choose a developer before April.

Eight-Story, 60-Unit Mixed-Use Building In The Works At 98-02 Queens Boulevard, Rego Park

3:00 pm on January 22, 2016 By Reid Wilson

Over the summer, YIMBY reported on filings for an eight-story mixed-use building at 98-02 Queens Boulevard, in Rego Park, and now DNAinfo has the latest information on the project, which will have 60 rental apartments. The new building will encompass 75,000 square feet and will feature one-, two-, and three-bedroom units. Retail will span the entire ground floor and 7,000 square feet of community space will be located on the first level. The residential units on the top seven floors will average 657 square feet apiece. George Baharestani’s Bahar Corporation is developing, and Forest Hills-based Peter Casini is the architect of record. The existing single-story retail building will be demolished in the spring once the remaining tenants have vacant the property. Demolition permits were filed last October. Completion is expected in the second half of 2017.

Five-Building, 31-Unit Mixed-Use Development Planned At 42-02 Fort Hamilton Parkway, Borough Park

11:00 am on January 22, 2016 By Reid Wilson

Back in 2014, a row of five four-story, four-unit residential buildings were built from 1038-1052 42nd Street, in northern Borough Park, and now five more buildings have been granted permits on the same block. Adjacent to the completed buildings, there will be three four-story, four-unit residential structures at 1054-1058 42nd Street. The residential square footage of each building varies, but will total between 5,500 and 6,000 square feet. Closer to Fort Hamilton Parkway, two seven-story mixed-use buildings are planned at 1060-1066 42nd Street. Both structures will have retail and community facility space, but one will contain nine residential units and the other will have 10 units.

First Look At City Point’s 57-Story, 500-Unit Mixed-Use Tower At 138 Willoughby Street, DoBro

10:00 am on January 22, 2016 By Reid Wilson

Last month, YIMBY reported on pre-filings for Extell Development’s 57-story mixed-use tower planned at 138 Willoughby Street, in Downtown Brooklyn. The building would be City Point’s third and final phase, and now the Brooklyn Paper has the first look at the 692-foot-tall tower. The building will have a four-story, 65,000-square-foot retail base topped by 500 residential units. A decision has not been made for whether the units will be rentals or condominiums, but the developer is reportedly “leaning towards condos.” Kohn Pedersen Fox is the design architect, while SLCE Architects is serving as the architect of record. Construction is currently slated to begin next year, with completion expected in 2019.

Eight-Story, 32-Unit Mixed-Use Building Wraps Up Construction At 1770 Madison Avenue, East Harlem

4:00 pm on January 21, 2016 By Reid Wilson

In April of 2014, YIMBY revealed renderings of the eight-story, 32-unit mixed-use project at 1770 Madison Avenue, in East Harlem on the corner of East 116th Street. Later the same year, the building topped out, and today the structure is fully clad and wrapping up construction, Harlem+Bespoke reports. The building measures 47,857 square feet in its entirety, and includes 5,124 square feet of retail on the ground and cellar levels, 6,310 square feet of medial offices on the second floor, and 25,241 square feet of residential space. The units will average 789 square feet apiece, and seven of them will rent at below-market rates through the housing lottery. Low Income Marketing Group is developing and Avinash K. Malhotra Architects is the architect of record. Opening is probable within the next few weeks.

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Mixed-Use

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