Mixed-Use

982 50th Street

Six-Story, Eight-Unit Mixed-Use Project Planned At 982 50th Street, Borough Park

Jintun Yang, operating under an LLC, has filed applications for a six-story, eight-unit mixed-use building at 982 50th Street, in Borough Park, seven blocks from the Fort Hamilton Parkway stop on the D train. The building will measure 7,583 square feet, and includes 1,591 square feet for a daycare facility on the ground and cellar levels. Residential units will begin on the second floor and average 749 square feet. Brooklyn-based Shiming Tam is the architect of record, and a two-story townhouse must be demolished before construction begins.


205 Montague Street

High-Profile Development Site At 205 Montague Street Up For Grabs, Downtown Brooklyn

Midtown Equities has tasked Cushman & Wakefield to market the development site at 205 Montague Street, in Downtown Brooklyn, for more than $200 million, according to Crain’s. The property boasts 300,000 square feet of development rights, and the developer has drafted plans for a 44-story residential tower as well as a 62-story version. A relatively small portion of commercial space is included in the base of the tower, where a five-story office and retail building currently sits. Midtown Equities acquired the site for $33 million in 2010.


LICH site

Developer Proposing As-Of-Right 260,000 Square-Foot Dormitory At LICH Site, Cobble Hill

Fortis Property Group is proposing to build an as-of-right 260,000 square-foot student dormitory on the corner of Henry and Amity Streets, in Cobble Hill, according to Politico. The developer acquired the Long Island College Hospital complex from SUNY for $240 million, and is currently seeking a rezoning for the property, which would include senior housing, park space, and a public school. Fortis has also drafted plans for an as-of-right 35-story residential tower in addition to the dormitory, which would have hundreds of beds. Fortis’ plans for a five-story medical facility and eight townhouses have already been filed with the DOB.


514 Eleventh Avenue

Silverstein Puts Development Site At 514 Eleventh Avenue On The Market, Midtown West

Over the summer, Silverstein Properties began demolishing the low-rise commercial building at 520 West 41st Street/514 Eleventh Avenue, in Midtown West, to make way for a 1,400-unit mixed-use development. Now, the developer has tasked CBRE to market and sell the property, which could potentially be worth close to $500 million, according to Crain’s. The project is currently being processed through ULURP, as a rezoning is required, and Silverstein eventually agreed to allot 375,000 square feet for affordable housing. YIMBY revealed the original proposal in July of 2014.


1681 Third Avenue

30-Story, 83-Unit Condo Building Under Construction At 200 East 95th Street, Upper East Side

Earlier this year, YIMBY revealed renderings of Extell Development’s 30-story, 83-unit mixed-use building planned at 200 East 95th Street/1681 Third Avenue, on the Upper East Side, and now foundation work is underway, according to DNAinfo. The building is being dubbed The Kent, and its 83 units will be condominiums spanning two- to five-bedrooms apiece. Ground-floor retail space will also measure 14,000 square feet, and Beyer Blinder Belle is the architect of record. Completion is expected in the second half of 2017.


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