Mixed-Use

12 Franklin Street

Developer Acquires Commercial Property Within Proposed Williamsburg Enhanced Business District

Simon Baron Development has acquired the two-story commercial property at 12 Franklin Street, in southern Greenpoint, for $24 million, according to The Real Deal. Located six blocks from the Nassau Avenue stop on the G train, the property is within the proposed Enhanced Business District, which would allow developers to trade light manufacturing space for extra office space in the North Williamsburg Industrial Business Zone. Before proposing to build anything, Baron is waiting to see how well the proposed rezoning works. Under current zoning, the property could accommodate a new 55,500 square-foot commercial building, or if community facility space is included, a 133,320 square-foot building.


80 South Street

Developer Successfully Assembles Air Rights For Supertall Mixed-Use Tower At 80 South Street

This past summer, the U.S. branch of Beijing-based China Oceanwide Holdings made a deal with Howard Hughes Corp. to acquire the development site at 80 South Street, in the Financial District, for $390 million. Now Curbed reports the developer has received approval from the City Planning Commission to transfer 426,940 square feet of air rights to the site. That means a mixed-use building of up to 1,067,350 square feet could be built, of which 512,300 square feet could contain residential units. That could mean a supertall tower at the site along the South Street Seaport. Applications have not been submitted to the Department of Buildings yet, but the latest document suggest the developer will be taking full advantage of the site and a large commercial component is being planned. A design architect has not yet been revealed. A number of low- and mid-rise buildings would first have to be demolished.


Official Renderings Revealed Of Nordstrom Tower’s Retail Base Under Construction At 217 West 57th Street

Last week, YIMBY brought you a sneak peak of the glassy façade that will eventually be installed on Extell Development’s 95-story, 1,550-foot-tall condominium tower (officially Central Park Tower), currently under construction at 217 West 57th Street in Midtown. The supertall will boast Nordstrom’s first Manhattan flagship store, and now the Seattle Times has revealed official renderings of the building’s retail podium. The Seattle-based department store will span 363,000 square feet across eight stories (three below grade) in the development.


12-Story Mixed-Use Residential Project Proposed At 107-18 70th Road, Forest Hills

An unknown developer, doing business as an anonymous LLC, is proposing to build a 12-story mixed-use development at 107-18 70th Road, in Forest Hills, right around the corner from the Forest Hills – 71st Avenue stop on the E, F, M, and R trains. According to DNAinfo, the developer is currently seeking a special permit to build the project, which would normally be capped at seven stories in height. The proposal includes ground-floor commercial-retail space and an above-ground garage. It would replace a strip of restaurants currently operating in a single-story building at the site. The developer was scheduled to meet with Community Board 6 last night to discuss the project.


1138 Manhattan Avenue

Five-Story, Six-Unit Mixed-Use Building Filed At 1138 Manhattan Avenue, Greenpoint

Property owner Tahira Chaudhry has filed applications for a five-story, six-unit mixed-use building at 1138 Manhattan Avenue, in northern Greenpoint, located at the corner of Box Street. It will encompass 9,648 square feet and will feature 1,180 square feet of retail space on the ground floor. Residential units will begin on the second floor and should average 995 square feet apiece. There will be two units per floor on floors two and three, another unit on part of the fourth floor, and a duplex units on the rest of the fourth floor and the entire fifth floor. Fresh Meadows-based Jamil Coppin is the architect of record. An existing three-story townhouse must first be demolished.


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