New York

135-35 Northern Boulevard

RKO Keith’s Theater Mixed-Use Development Site Being Placed Back On The Market, Flushing

In 2013, Jerry Karlik’s JK Equities acquired the RKO Keith’s Theatre, an individual landmark at 135-27 – 135-35 Northern Boulevard in Downtown Flushing, for $30 million. The developer received approval to redevelop the severely dilapidated structure in 2015, but now Karlik is putting the development site back on the market, Crain’s reports. A new developer could build a 16-story, 269-unit mixed-use building with 24,493 and 15,727 square feet of commercial and community facility space, respectively. A buyer could also take advantage of a previously granted tax break. Studio V Architecture was behind JK Equities’ proposal, although a new owner could always choose to design a different building and go back to the Landmarks Preservation Commission for approval. Cushman & Wakefield is marketing the site.


83 Stanhope Street

Two Four-Story, Eight-Unit Residential Buildings Filed At 83 Stanhope Street, Bushwick

Isaac Silber, doing business as an anonymous Brooklyn-based LLC, has filed applications for two four-story, eight-unit residential buildings at 83-85 Stanhope Street, in central Bushwick, located three blocks from the Central Avenue stop on the M train. Each of them will have 5,457 square feet of residential space, which means units will average a rental-sized 682 square feet apiece. Each building will also have a fifth-floor penthouse level to which one of the fourth-floor units will have access. Midtown East-based Michael Avramides is the architect of record. Two two-story townhouses must first be demolished.


5521 Eighth Avenue

Foundation Work Underway For Six-Story, 40-Unit Medical Office Building At 5521 Eighth Avenue, Sunset Park

In October of 2014, YIMBY revealed renderings of the planned six-story, 40-unit multi-use commercial building at 5521 Eighth Avenue, on the corner of 56th Street in Sunset Park, located seven blocks north of the N train’s stop on Eighth Avenue. The Brooklyn Daily Eagle reports foundation work is now underway on the 81,569 square-foot project, which will include 36 medical offices and four retail units. The retail space will measure 13,003 square feet in total and will span the ground floor and a mezzanine level. The medical offices will begin on the second floor and should average 1,180 square feet apiece. Flushing-based Andy Wong filed documents with the Attorney General’s office in January, which indicated the project is being valued at $76.3 million. Raymond Chan is designing and completion in 2017 seems likely.


436 Albee Square

28-Story, 150-Unit Mixed-Use Building Rises At 436 Albee Square, Downtown Brooklyn

In November of 2014, YIMBY revealed renderings of the planned 28-story, 150-unit mixed-use building at 436 Albee Square, in Downtown Brooklyn, located only a few blocks from stops on roughly a dozen subway lines. The Department of Buildings granted permits in March 2015, and since then the building has risen three stories above street level, as seen in photos by Tectonic. The latest filings have the project measuring 155,100 square feet in total and including 23,740 square feet of commercial-retail space on the cellar through third floors. The residential units will begin on the fourth floor and should average 793 square feet apiece. ODA New York is designing and Yoel Schwimer is the developer. Completion in 2017 seems probable.


27-07 43rd Avenue

Nine-Story, 108-Key Hyatt Hotel Rises At 27-07 43rd Avenue, Long Island City

In the summer of 2015, the nine-story, 108-key Hyatt Hotel being developed at 27-07 43rd Avenue, in the Court Square section of Long Island City, was a single-story above street level. The Court Square Blog now reports the project is seven stories up. The new building will encompass 59,411 square feet and will have 49,589 square feet of commercial space. That works out to hotel rooms averaging a relatively spacious 450 square feet apiece. There will be a dining area on the ground floor and a gym, meeting rooms, and office rooms in the cellar, according to the Schedule A. Flushing-based Michael Kang is the architect of record and Prakash Patel, doing business as an anonymous LLC, is the developer. Completion is expected later this year.


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