Mixed-Use

69-02 Queens Boulevard

Developer Assembling Mixed-Use Site At 69-02 Queens Boulevard, Elmhurst

Madison Realty Capital has acquired the vacant 29,000-square-foot lot at 69-02 – 69-08 Queens Boulevard, in Elmhurst, for $14.75 million. The purchase is the first of five properties that are currently being assembled for a mixed-use development, according to The Real Deal. Three other properties – the two-story structure at 46-12 70th Street, the single-story warehouse as 69-39 47th Avenue, and the restaurant at 69-20 Queens Boulevard – are currently in contract to be sold by their respective owners. The fifth property is a two-story cultural center at 69-23 47th Avenue. The single property Madison owns can accommodate roughly 145,000 square feet of development, but if successful in acquiring the entire assemblage, the developer could build a nearly 358,000-square-foot project. At that point, Madison plans to take a mixed-use rental project through the city’s Urban Land Use Review Procedure (ULURP).


517 West 29th Street

61-Unit Condominium Project Could Be Coming To 517 West 29th Street, West Chelsea

Back in October of 2015, Six Sigma was in contract to buy the six-story, 55,000-square-foot commercial building at 517-523 West 29th Street, in West Chelsea, for $54 million. The developer has since closed on the purchase and has now filed exploratory applications with the Attorney General’s office to gauge the demand for a potential condominium project, The Real Deal reports. Although details are sparse, the project would include 61 condominium units and ground-floor retail space. It’s not clear if the existing building would be demolished for a new one, although the site can accommodate up to 74,000 square feet of development potential (which means it currently has 19,000 square feet of air rights). Nothing has been filed yet with the Department of Buildings.


142-38 37th Avenue

13-Story, 88-Unit Mixed-Use Building Under Construction at 142-38 37th Avenue, Flushing

Back in November of 2014, YIMBY revealed renderings of the planned 13-story, 88-unit mixed-use building at 142-38 37th Avenue, in downtown Flushing, located three blocks from the Main Street Station on the 7 train. The project, dubbed East West Tower, is still under development, as its developer, Long Island-based Kenny Liu, has recently submitted plans to the Attorney General’s office detailing the project’s estimated sellout. The building is being valued at $95.5 million by the developer, according to The Real Deal. The 160,122-square-foot structure will host 26,791 square feet of community facility space across the ground and second floors. That space will be split between 18 doctors offices. Residential condominium units will begin on the third floor and should average 731 square feet apiece. There will be a 142-car parking garage and a fitness center in the cellar. Maspeth-based Architects Studio is designing and construction is quietly underway.


578 Fifth Avenue

Five-Story, Eight-Unit Mixed-Use Building Filed At 578 Fifth Avenue, South Slope

Brooklyn-based Eight & Eight Development has filed applications for a five-story, eight-unit mixed-use building at 578 Fifth Avenue, in South Slope, located around the block from the Prospect Avenue stop on the R train. The new building will encompass 10,726 square feet and will include 1,549 square feet of retail space across the ground floor and part of the cellar. Floors two through five will contain two residential units each. The apartments should average 740 square feet apiece, which means rental units are likely in the works. Lower Manhattan-based Chi F. Lau Architect is the architect of record. Demolition permits were filed in June of 2015 for the site’s existing two-story, 25-foot-wide commercial building.


372 Lafayette Street

Construction Completed on Six-Story, Eight-Unit Mixed-Use Building at 372 Lafayette Street, NoHo

Back in September of 2014, YIMBY brought you an update on adjacent residential projects at 10 Bond Street and 372 Lafayette Street (a.k.a. 11 Great Jones Street), in NoHo. The former project, a seven-story, 11-unit condominium building, went on the to have construction completed by the end of the summer of 2015. Construction has since entirely wrapped up on the latter project, a six-story, eight-unit residential building, as seen in photos by Tectonic. The property is completely unobscured from scaffolding and occupancy is currently underway. The ground floor and cellar levels will contain 2,143 square feet of retail space. The eight rental apartments above measure between 1,300 and 2,000 square feet apiece, coming in two- and three-bedroom configurations, although some units appear to have been divided into multiple apartments. Kano Properties is the developer, and Morris Adjmi Architects is behind the design.


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