Mixed-Use

34-11 Beach Channel Drive, image from Bing Maps

Seven-Story, 154-Unit Senior Housing Facility Breaks Ground At 34-11 Beach Channel Drive, Far Rockaway

12:30 pm on August 25, 2015 By Reid Wilson

Earlier this year, YIMBY brought you news of a seven-story, 154-unit senior housing facility planned at 34-11 Beach Channel Drive, in Far Rockaway, and now DNAinfo reports city officials have broken ground on the project, located a block from the A train’s Beach 36th Street stop. Arker Companies is constructing the building, and 46 units will be rented to the formerly homeless. The ground floor will include 4,500 square feet each of retail and community facility space, and Aufgang Architects is designing.

550 Washington Street

Developer Buys Out Large Stake In 550 Washington Street, Hudson Square

6:00 am on August 25, 2015 By Reid Wilson

In May of 2014, YIMBY brought you renderings of TEN Arquitectos’ conceptual plans for the St. Johns Terminal building at 550 Washington Street, in Hudson Square. At the time, multiple owners complicated the redevelopment of the 1.1-million square-foot structure, which has 280,000 square feet of air rights, but now Westbrook Partners has bought out Fortress Investment Group’s ownership stake for more than $200 million, according to Crain’s. Atlas Capital Group, who tried to acquire additional air rights from Pier 40 last year, will retain their minority stake. Plans include a new residential tower, which may be built ground-up or as a conversion/expansion, but city approval is required before construction can begin.

1430 West 4th Street

Six-Story, 10-Unit Mixed-Use Building Coming To 1430 West 4th Street, Bensonhurst

2:00 pm on August 24, 2015 By Reid Wilson

Property owner Jenny Wu has filed applications for a six-story, 10-unit mixed-use building at 1430 West 4th Street, in eastern Bensonhurst, four blocks from the N train’s Bay Parkway stop. The building will measure 11,139 square feet in total, and will feature 2,394 square feet of health care facilities on the basement level. On the five floors above, residential units will average 875 square feet apiece. Zhen Yu Ye’s Bay Ridge-based Ye Development Inc. is the applicant of record. The site’s two-story predecessor was demolished in 2005.

144-89 38th Avenue

Five-Story, 22-Unit Mixed-Use Building Filed At 144-89 38th Avenue, Murray Hill, Queens

12:30 pm on August 24, 2015 By Reid Wilson

Pik Wan Cheng, operating under an anonymous LLC, has filed applications for a five-story, 22-unit mixed-use building at 144-89 38th Avenue, in Murray Hill, four blocks from the LIRR station at 41st Avenue and 149th Street. The building will measure 20,384 square feet, and includes 5,550 square feet on the basement level for a children’s daycare. Residential units, averaging a rental-sized 675 square feet, will take up the first through fifth floors. Flushing-based Chang Hwa Tan is the architect of record, and permits were filed in July to remove a dilapidated two-story structure.

111 Washington Street

Development Site At 111 Washington Street Placed On The Market, Financial District

10:00 am on August 24, 2015 By Reid Wilson

Late last year, Pink Stone Capital filed applications for a 51-story, 429-unit mixed-use tower with 23,000 square feet of retail space at 111 Washington Street, in the Financial District, and now the developer has tasked Cushman & Wakefield to market the site. In early 2014, YIMBY reported that the assemblage has 362,300 square feet of development rights, and according to the Daily News, Pink Stone expects to sell it for more than $170 million. Handel Architects was the architect of record for the old plans.

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