Sequoia Development Group is currently converting the four-story, 55,000 square-foot former paper mill at 456 Johnson Avenue, in East Williamsburg, into a mixed-use commercial property. According to The Real Deal, the upper three floors will have a total of 35 office units, each measuring between 900 and 2,200 square feet apiece. Retail space is planned on the ground floor and the building is being dubbed Paper Mill. The developer is leasing the property from its owner, Maki Realty Corp. Red Hook-based ND Architecture & Design is designing the conversion.
YIMBY detailed in November of 2014 the initial Landmarks Preservation Commission (LPC) hearing on the residential conversion of the former New York Life Insurance Company building at 346 Broadway (a.k.a. 108 Leonard Street), in Tribeca. The 13-story, 427,000 square-foot building is an individual and interior landmark, and is listed on the U.S. National Register of Historic Places. A month after the hearing, the LPC approved the changes that would including making the structure’s clock tower part of a penthouse and for the clock to run electronically, the WSJ reported. Last week, according to Commercial Observer, the Peebles Organization and Elad Group landed a $334 million construction loan for the project, which would convert the former office building into 151 condominium units. Additionally, a community facility and retail space will measure 7,210 and 2,200 square feet, respectively. Beyer Blinder Belle is designing the conversion.
In May of 2014, YIMBY reported on plans for a 12-story, 18-unit mixed-use building at 543 Second Avenue, in Kips Bay, and now Bluarch Architecture has revealed updated renderings of the project. The rental building will measure 18,877 square feet in its entirety, and will have 13,877 square feet of residential space and a 702 square-foot ground-floor retail component, according to the latest filings. Residential units would begin on the second floor and average 771 square feet apiece. Shalimar Management is developing the building, which it expects to break ground on later this year, and 5D Architecture & Engineering is serving as the architect of record.
Over the summer, Yosef Streicher purchased the dilapidated, three-story former police station at 4302 Fourth Avenue, in northern Sunset Park, for $6 million. Now, the owner plans to redevelop the castle-like structure into a community center and a café. According to the Brooklyn Daily, preliminary plans also call for a residential building with 10 units to be built behind the old Precinct on the vacant lot at 364 43rd Street. An architect has not yet been selected, but Ben Herzog is among the front-runners who may eventually design the project. The Brooklyn Daily Eagle has renderings of other designs for the proposed redevelopment, which will eventually have to be approved by the Landmarks Preservation Commission.
The rise of the supertalls has been several years in the making, and One57, 432 Park Avenue, and One World Trade Center have offered a preview of the increasingly gargantuan changes taking place across New York City. But 2016 will mark the start of a new era for the city’s skyline. With six supertalls of 300 meters (984 feet) or greater now rising, the city’s total number of such buildings will nearly double, from seven to thirteen. Yesterday, the New York Post featured YIMBY’s compilation of the towers, and today we wanted to give our own rundown on the image and its implications for our continually-changing city.