New York

Commercial Conversion Planned at Three-Story, 67,000-Square-Foot Industrial Building, 1519 Decatur Street, Ridgewood

1:00 pm on May 26, 2016 By Reid Wilson

Hornig Capital Partners and The Brickman Group have acquired, for $10 million, the three-story, 67,236-square-foot industrial building at 1519 Decatur Street (a.k.a. 1085 Irving Avenue), in Ridgewood, located four blocks from the Halsey Street stop on the L train. The new owners plan to convert the property into modern commercial space, according to Real Estate Weekly. It’s not known what specific commercial tenants the building will be geared to, but the space will be flexibly divisible. The gut-renovation will cost roughly $6 million and financing has already been secured. The structure was built in 1929 and contains large floor plates.

5 Pointz-Replacing Two-Towered, 1,115-Unit Mixed-Use Project Rises to Street Level at 22-44 Jackson Avenue, Long Island City

11:00 am on May 26, 2016 By Reid Wilson

Back in July of 2014, YIMBY revealed renderings of the two-towered, 1,115-unit mixed-use development underway at 22-44 Jackson Avenue, located in the Court Square section of Long Island City. Following the demolition of the 5 Pointz warehouse, excavation began in August of 2015 for the new buildings, followed by foundation work in November later that year. Now, a portion of the site closest to Jackson Avenue is at street level and beginning to rise, as seen by photos via Curbed NY and The Court Square Blog. The northern and southern towers, which will be connected by a common two-story base, will rise 48 and 41 stories respectively.

City Council Rejects Plans for Eight-Story, 200-Bed Nursing Home at 141 Conover Street, Red Hook

10:00 am on May 26, 2016 By Reid Wilson

Back in December of 2015, renderings were revealed of the eight-story, 200-bed nursing home planned at 141 Conover Street, in Red Hook. The proposed project, by Oxford Nursing Home, was to measure 157,500 square feet and feature an urgent care center, but it also required an individual rezoning through the city’s Uniform Land Use Review Procedure (ULURP) process. Yesterday, the project reached the City Council Review step, but it was disapproved in a 48-0 vote by the full council, according to Crain’s. Unfortunately, this means the project is officially dead. Concerns raised at the vote included the unfavorable change in zoning from manufacturing to residential. Also, the site is located in a Flood Zone-A area, which some said would pose a threat to seniors living inside the building.

46-02 70th Street, rendering by Architects' Studio

Revealed: 46-02 70th Street, Elmhurst

8:00 am on May 26, 2016 By Rebecca Baird-Remba

Woodside, Elmhurst, and Woodhaven in Queens are suddenly bursting with new residential projects, largely from developers who hope to capture a mix of gentrifiers, longtime residents, and new immigrants. And generous new zoning along Queens Boulevard ensures that nearly all those developments are concentrated along the busy, six-lane artery. The latest project to arrive on the scene there is 46-02 70th Street, which will rise nine stories at the corner of Queens Boulevard and 70th Street.

2150 Second Avenue, rendering by T.F. Cusanelli and Filletti Architects

Revealed: 2150 Second Avenue, East Harlem

7:30 am on May 26, 2016 By Rebecca Baird-Remba

East Harlem’s days of abandoned buildings and vacant lots are receding quickly into the past. Today, we have a rendering for a narrow 11-story residential building at 2150 Second Avenue, between East 110th and 111th Streets.

City Revokes Building Permits for 32-Story, 521-Foot-Tall Condo Tower Under Construction at 180 East 88th Street, Upper East Side

6:30 am on May 26, 2016 By Reid Wilson

It was in September of 2015 when YIMBY last brought you news of the 32-story, 48-unit mixed-use tower under development at 180 East 88th Street, on the Upper East Side. At the time, we showed you what the view would be like from one of the upper-floor residential units. Since March, foundation work has been underway at the site, but the New York City Buildings Department recently issued a stop-work-order for the project due to a zoning controversy that allegedly allowed the developers to build a taller tower than normal, the New York Times reported. The Buildings Department says a four-foot-wide lot was created on East 88th Street to avoid streetwall and setback requirements, which allowed for the creation of a taller building. As a result, the department revoked the previously approved building permits and is requiring that DDG Partners submit new plans. The condominium tower was expected to be the tallest building above 72nd Street, at 521 feet in height. HTO Architect was the architect of record, although DDG designs their projects in-house.

Reveal for 10-Story, 133-Key Extended-Stay Hotel Planned at 38-42 11th Street, Long Island City

6:00 am on May 26, 2016 By Reid Wilson

In September of 2014, YIMBY reported on applications for a 10-story, 133-key hotel planned at 38-42 11th Street, in the Ravenswood section of Long Island City, located four blocks from the 21st Street-Queensbridge stop on the F train. Now, a rendering of the project has been revealed in a report by The Real Deal. The latest building permits indicate the hotel, which will be an extended-stay one by Marriott’s TownePlace Suites, will encompass 69,045 square feet. If the project’s 50,457 square feet of commercial space is exclusively representative of the hotel units, individual rooms should average a relatively spacious 379 square feet apiece. Guest amenities include a fitness center, laundry facilities, a lounge and breakfast area, a garden area behind the building, a bar, a rooftop terrace, a 21-car garage on the ground floor, and storage for five bikes. Midtown Properties is the developer and Think! Architecture and Design is behind the architecture. Foundation work is reportedly underway at the site, and completion is scheduled before 2017.

Four-Story, Six-Unit Residential Building Coming to 225 Howard Avenue, Ocean Hill

4:00 pm on May 25, 2016 By Reid Wilson

Flushing-based property owner Eran Tourgeman has filed applications for a four-story, six-unit residential building at 225 Howard Avenue, in Ocean Hill, located three blocks from the Ralph Avenue stop on the C train. The structure will measure 4,704 square feet, which means its residential units should average 784 square feet apiece, indicative of rental apartments. There will be two units per floor on the ground through third floors. The fourth floor will host a single unit that also spans into the third floor. Pirooz Soltanizadeh’s Jamaica-based Royal Engineering is the applicant of record. The 25-foot-wide, 1,986-square-foot lot is currently vacant. The site’s predecessor was a three-story wood-framed house, and it was demolished in 2008.

Renovations Planned at 575 Fifth Avenue, a 35-Story, 360,000-Square-Foot Office Tower in Midtown

3:00 pm on May 25, 2016 By Reid Wilson

Property owners Beacon Capital Partners and MetLife (the insurance company) are planning to execute a $25 million renovate on their 35-story, 533,695-square-foot multi-use commercial building at 575 Fifth Avenue, located on the corner of East 47th Street in Midtown. Planned is a redesigned lobby, new exterior and interior elements such as a building canopy, signage/advertising, and lighting, and new amenities such as a 6,000-square-foot conference center and a lounge, Real Estate Weekly reports. The 360,000-square-foot office portion already connects to the building’s three stories of retail and restaurants via an atrium. Barneys New York recently signed on to 72,000 square feet at the tower, and Westpac Banking Corporation and Northwood Investors each have leased 15,000 square feet. The building was developed in 1983.

85,000 Square-Foot, 300-Key MOXY Hotel Planned At 112-120 East 11th Street, East Village

2:00 pm on May 25, 2016 By Reid Wilson

This morning, we had hotel news for you. Now, we have more. In April, Lightstone Group acquired, for $127 million, a six-building, 181-unit residential portfolio for that comprises of 112-120 East 11th Street and 85 East 10th Street, in the East Village. The developer is currently planning to build a 85,000-square-foot, roughly 300-key boutique hotel at 112-120 East 11th Street, according to The Real Deal. Marriott International’s MOXY Hotels will be the operator. The five-story buildings at 112-120 East 11th Street currently contain 75 residential units across five buildings and are expected to be demolished. The other six-story, 106-unit building at 85 East 10th Street will remain and is expected to be sold off. The April acquisition was financed with an $85 million loan. The five apartment buildings at 112-120 East 11th Street represented $52.1 million, while the six story property at 85 East 10th Street traded for $75.4 million.

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