RXR Realty and Westbrook Partners are in contract to purchase the nine-story, 700,000 square-foot former industrial building at 47 Hall Street, in northern Clinton Hill, for more than $160 million, Crain’s reports. Parts of the building are currently rented out as art studios and creative offices, but the eventual new owners plan to convert the structure into modern creative offices; renovations include ground-floor reconfigurations and new outdoor terraces. Landlord Ruby Schron and the Fruchthandler family are the current owners.
YIMBY brought you a construction update two months ago on the 32-story, 384-unit mixed-use building going up at 286 Ashland Place, in Downtown Brooklyn, which stood just 12 stories tall at the time. Since then, the structure has doubled to 24 stories, courtesy of a YIMBY reader’s photo, and façade installation has also begun. As previously reported, the building will will include significant retail and community spaces, and 20% of the units will be set aside as affordable. Two Trees is developing, TEN Arquitectos is designing, and completion is expected in August of 2016.
Earlier this year, construction kicked off on the 17-story, 43-unit residential building planned at 20 East End Avenue, between East 80th and 81st Street on the Upper East Side, and now the structure has topped out, per photos by Tectonic. Residential units will average just under 3,300 square feet apiece, ranging from two- to six-bedroom configurations. Installation of the brick façade is now underway above the second floor, and the bottom two floors will eventually be clad in limestone. Corigin Real Estate Group is developing, Robert A.M. Stern Architects is designing, and completion is expected next year.
Earlier this year, BBC News profiled Soo Chan, of Singapore-based SCDA Architects, which included news on his West Chelsea project at 522 West 29th Street, an 11-story, 31-unit luxury residential project. That building is now on the rise, courtesy of Tectonic, with concrete being poured for the third floor. According to BBC, 16 condominiums will feature private swimming pools, and a small 906 square-foot restaurant will be located on the ground floor. Siras Oriel Development is behind the project, and completion is expected towards the end of 2016.
Icon Realty’s six-story, two-unit residential building under construction at 327 East 9th Street, in the East Village, is now receiving its façade, per EV Grieve, after a long three years of construction. The project topped out earlier this year and measures its full 7,200 square feet. According to the Schedule A, units should measure roughly the same area. Issac & Stern Architects is behind the design.