In December, Taconic Investment Partners and Cogswell-Lee Development Group acquired the ground-lease of 410 West 207th Street, in Inwood. According to Commercial Observer, the developers plan to redevelop the property into commercial-retail space. The site is currently occupied by a single-story, 34,000 square-foot vacant supermarket, formerly a Pathmark. The structure will be renovated to accommodate a new 20,000 square-foot supermarket and multiple smaller retailers. In addition, a 14,000 square-foot retail annex will be built on a section of the parking lot. When construction is completed later this year, parking will be reduced from 200 to 120 car spaces. The property can accommodate a 240,000 square-foot residential development with retail space, although plans for such proposal are not finalized. It sits a stone’s throw away from the 207th Street stop on the 1 train.
Chicago-based L3 Capital has acquired the four-story, 20,600-square-foot mixed-use property at 61-63 Crosby Street, in SoHo, for $42 million. The new owner plans to convert the building into office space, although the ground-floor will remain as retail space. The co-op building has seven apartments, which will all be vacated before the sale closes, according to The Real Deal. The property comes with 3,300 square feet of air rights, which could be used in an expansion. Any alterations to the buildings will have to be approved by the Landmarks Preservation Commission because they sit within the SoHo-Cast Iron Historic District Extension.
Property owner Zhen Zun Li has filed applications for two three-story, three-unit residential buildings at 74-31 – 74-33 44th Avenue, in Elmhurst, four blocks south of subway stops on the E, F, M, R, and 7 trains and caught at the intersection of Broadway and Roosevelt Avenue. Each structure will measure 4,146 square feet in total, and there will be 6,270 square feet of residential space across both buildings. That means full-floor units will average 1,045 square feet apiece. Chang Hwa Tan’s Flushing-based Tan Architect is the applicant of record. Demolition permits were filed last October to raze the existing three-and-a-half-story wood-frame house.
John Culotta, head of the Staten Island-based Boulder Building Corp., has filed applications for three small residential buildings at 93-97 Boulder Street, in the south shore neighborhood of Woodrow. All of the buildings will have three stories, although two will each measure 1,806 square feet and contain two units while the third building will be fit for one family and will measure 2,029 square feet. The residential space across the development will total 4,714 square feet, although four of the units will average much less space than the single-family home. Stanley Krebushevski’s Staten Island-based SMK Architect is the applicant of record. The 68.5-foot-wide lot is currently vacant and must first be subdivided.
The newly redesigned and constructed 215th Street staircase in Inwood – which connects pedestrians at Park Terrace East to Broadway and West 215th Street, sitting 50 feet below – is expected to open today after two years of construction. According to Curbed NY, WXY Studios designed the staircase, which is essentially being treated like public park space. The passageway features new vegetation, cobblestone paths, new stairs, and a bike channel. Two lampposts from the original staircase, built in 1911, were incorporated into the renovations since they’re designated city landmarks. The city’s Department of Design and Construction was behind the project.