New York

124 West Houston Street

Mixed-Use Conversion Planned for Six-Story Building at 124 West Houston Street, Greenwich Village

An anonymous New York investor has acquired, for $15.4 million, the six-story, 13,150-square-foot former residence and studio of artists Madeline Arakawa Gins and Shusaku Arakawa at 124 West Houston Street, in Greenwich Village. The new owner plans to convert the building’s ground and cellar levels into retail space and turn floors two though six into residential units, according to Commercial Observer. The building is vacant, except for a rent-controlled apartment on the fifth floor. It’s not clear if the apartments will be rentals or condos, but the future residential floors contain 14-foot ceilings and large floor plates. The property is located within the South Village Historic District, which means the Landmarks Preservation Commission would have to approve any exterior alterations.


164 South Oxford Street

Reveal For Two-Building, 16-Unit Residential Project at 164 South Oxford Street & 171 South Portland Avenue, Fort Greene

Back in March of 2015, YIMBY reported on new applications filed for a two-building residential project on the block-thru lot at 164 South Oxford Street and 171 South Portland Avenue, in Fort Greene, located within four blocks of the B, C, D, G, N, Q, R, 2, 3, 4, and 5 trains and Atlantic Terminal. Now, the developer, East River Partners, is moving forward with slightly more contextual plans than their initial proposal in 2014 and has revealed renderings of it to Curbed NY. The latest building permits describe the South Oxford Street component as a four-story, 11,070-square-foot structure with seven units. Its units should average 1,212 square feet apiece. The South Portland Avenue side will be a five-story, 19,732-square-foot building with nine units averaging 1,566 square feet apiece. The apartments, which will be condominiums, will come in two-, three-, and four-bedroom configurations. Work is currently underway and completion is expected in early 2017. Flatiron District-based Barry Rice Architects is the architect of record.


16 West 57th Street

Developer Grows High-Profile Mixed-Use Assemblage at 16 West 57th Street, Midtown

Back in September of 2014, YIMBY brought you an update on the development site at 16 West 57th Street, along Midtown’s Billionaires’ Row, when the property was acquired for $95 million by a Brazilian investor. Last week, developer Sheldon Solow acquired the property, a five-story, 24,000-square-foot commercial building, for $128 million, The Real Deal reported. The developer also owns the adjacent properties at 10 West 57th Street, 20 West 57th Street, and 19 West 56th Street. The site assemblage now boasts 213,000 square feet of residential development rights, plus additional rights that can be put towards a commercial component. The new owner has yet to disclose plans for the site. Demolition permits were filed last year to raze 16 West 57th Street as well as the six-story office building at 19 West 56th Street.


226 East Main Street

Medical Tech Development Firm’s New Single-Story Headquarters Opens At 226 East Main Street, Smithtown

Medical and bio-tech product development consulting firm MIDI has finished construction on their new single-story office and research headquarters at 226 East Main Street, in Smithtown on Long Island, located nearly a mile from the neighborhood’s Long Island Rail Road station. The new building hosts MIDI’s corporate offices, its research, design, and engineering studios, and a prototyping lab. The structure also contains additional science and medical diagnostic spaces, including a Northwell Health imaging center. The $5 million facility was constructed by Stalco Construction and designed by Long Island-based nf architectural designs.



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