Mixed-Use

39-08 Janet Place

High-Profile Mixed-Use Development Site Up For Sale At 39-08 Janet Place, Flushing West Rezoning Area

Property owners ABS Management & Development and Babad Management are now placing on the market the 3.7-acre vacant development site at 39-08 Janet Place (a.k.a 131-35 Roosevelt Avenue), in Downtown Flushing. The Real Deal reports the site currently offers 870,000 square feet of development rights. A five-tower, 450-unit mixed-use project was approved by the city before the 2008 financial crisis. It was going to be built by LEV Development Group and was designed by Ismael Leyva Architect, but it never got off the ground. Today, the plot is subject to the proposed Flushing West Rezoning, and, if established, would be located within the rezoning’s special waterfront district. That means a future development may require the construction of a waterfront promenade along Flushing Creek (although we don’t know if the rezoning means that the site would get more development rights). The site doesn’t have an asking price, although brokers expect the site to generate more than $120 million.


842 Liberty Avenue

Four-Story, Six-Unit Mixed-Use Building Planned At 842 Liberty Avenue, East New York

Long Island-based property owner Genara Gonzalez has filed applications for a four-story, six-unit mixed-use building at 842 Liberty Avenue, in northern East New York, located three blocks south of the Norwood Avenue stop on the J/Z trains. As proposed, the new building would measure just 3,203 square feet and include a 953 square-foot doctors office on the ground floor. The residential units would be extremely small, averaging 375 square feet apiece. But those plans could soon be replaced with a larger building, thanks to the proposed East New York rezoning. If approved, the site could accommodate a maximum of 3,600 square feet of commercial space and 5,400 square feet of residential space in the form of a four- to six-story building. Yonkers, N.Y.-based Leder-Luis Architectural Design is the architect of record. The 20-foot-wide lot is vacant.

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The Pointe

Groundbreaking Imminent For 5.8-Million Square-Foot Mega-Development In Sayreville, New Jersey

In the next few weeks, O’Neill Properties Group is expected to break ground on the 5.8-million-square-foot mixed-use mega-development planned on 418 acres along the Raritan River in Sayreville, New Jersey. The New York Times reports the project, dubbed the Pointe, will include 2,000 residential units, up to 1,000 hotel rooms, 750,000 square feet of office space, and 2.4 million square feet of commercial-retail space. Also approved is 226,000 square feet of Times Square-style digital signage across seven billboards.

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Two Penn Plaza

BIG Plans Revealed For Two Penn Plaza Transformation

Among the numerous hulking eyesores in New York City, Two Penn Plaza manages to make a particularly negative impact, and its placement above Penn Station helps cement the latter’s status as an architectural failure. But now we have a first look at plans to transform the structure completely, created by Bjarke Ingels Group/BIG for developer Vornado.

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