New York

Renovations Planned at 37-Story, 265-Unit Rental Tower at 1735 York Avenue, Upper East Side

11:00 am on May 18, 2016 By Reid Wilson

Earlier this month, Bonjour Capital entered into contract to purchase, for roughly $140 million, the 37-story, 265-unit rental apartment tower at 1735 York Avenue, located on the corner of East 90th Street, in the Yorkville section of the Upper East Side. The future owner is planning to renovate and rebrand the residential tower, currently dubbed the Hamilton, as the Serrano. Renderings of the renovation have now been revealed by The Real Deal. It appears upgrades will be made to the lobby and the amenity areas. Existing amenities in the 280,0000square-foot building include tenant services, a fitness center, an outdoor patio, a rooftop deck, a children’s playroom, and a greenhouse. Bonjour Capital recently secured $104 million in financing for the acquisition. The tower was built in 1986 by Glenwood Management.

Four-Story Building Being Transformed Into 100-Bed Homeless Shelter, 1154 Dekalb Avenue, Bushwick

10:00 am on May 18, 2016 By Reid Wilson

The four-story tenement buildings at 1154-1156 Dekalb Avenue, in central Bushwick, are now being renovated into a 100-bed, male-exclusive homeless shelter, according to DNAinfo. Occupants of the homeless shelter are expected to live there for an average of nine months. After two years, the building will be turned into a permanent supportive housing facility, per the New York City Department of Social Services. The Neighborhood Association for Inter-Cultural Affairs will operate the homeless shelter. Damon House, the owner of the buildings, operated a drug treatment facility on the property until the facility’s closure in January. The structures are currently vacant. A deed restriction on the properties requires that they be used for homeless New Yorkers.

25 Bleecker Street, existing and proposed conditions.

Landmarks Approves Six-Story Mixed-Use Building to Replace Three-Story Structure at 25 Bleecker Street, NoHo

8:00 am on May 18, 2016 By Evan Bindelglass

A piece of old New York is set to be replaced by something new. On Tuesday, the Landmarks Preservation Commission approved a proposal to demolish the three-story structure at 25 Bleecker Street and replace it with a six-story (plus penthouse) mixed-use building with three residential units.

Lambert Houses in 2013, photo by Christopher Bride for PropertyShark

Permits Filed for 18 Stories of Affordable Housing at Lambert Houses in West Farms, Bronx

7:30 am on May 18, 2016 By Rebecca Baird-Remba

Last fall, DNAinfo reported Lambert Houses, a sprawling subsidized housing project in the West Farms section of the Bronx, would be demolished and replaced with new affordable housing. Now, those plans are coming to fruition, and new building applications have been filed for 18 stories of apartments at 984 East 180th Street.

143-18 Liberty Avenue, image via Google Maps

Permits Filed: Hotel and Apartments at 143-18 Liberty Avenue, Jamaica

6:30 am on May 18, 2016 By Rebecca Baird-Remba

Jamaica’s development boom is moving south of the Long Island Rail Road yards and into the relatively forgotten area near the Van Wyck Expressway. Yesterday, YIMBY noticed plans for an unusual hotel-residential project at 143-18 Liberty Avenue, along an industrial and highway-like stretch of eastern Queens.

14-Story Scribner Printing Plant Building at 311 West 43rd Street Getting Office Renovation, Hell’s Kitchen

4:00 pm on May 17, 2016 By Reid Wilson

In December of 2015, William Maklowe Company and Principal Real Estate Investors acquired the 14-story, 190,000-square-foot former Scribner Printing Plant building – located at 311 West 43rd Street, in Hell’s Kitchen – for $107 million. Now, the owners are are renovating the former industrial property into modern office space, dubbed The Press, according to Commercial Observer. The renovations include a redesigned lobby, a new canopy over the entrance, new windows, and a top-down revitalization of the interior. Some of the vacant floors will see a more extensive overhaul, like the 12,749-square-foot eleventh floor, which will get a high-end kitchen, and glass conference rooms. Other upgrades include a penthouse lounge, equipped with a pantry, and an outdoor roof deck. Construction is expected to wrap up by the end of the summer. Currently, there’s about 80,000 square feet of vacant space in the building.

Two Three-Story, Three-Unit Residential Buildings Filed at 206-210 Bay 29th Street, Bath Beach

3:00 pm on May 17, 2016 By Reid Wilson

Richard Napolitano, doing business as an anonymous Brooklyn-based LLC, has filed applications for two three-story, three-family residential buildings at 206-210 Bay 29th Street, in Bath Beach, located four blocks from the Bay Parkway stop on the D train. Each structure will measure 4,004 square feet, and the development’s full-floor units should average 1,001 square feet apiece, indicative of condominiums. There will also be a total of four off-street parking spaces. Douglas Pulaski’s Brooklyn-based Bricolage Designs is the architect of record. The 60-foot-wide lot is currently occupied by a two-story, wood-framed house. Demolition permits were filed in January.

Four-Story, 10-Unit Residential Building Filed at 267 Evergreen Avenue, Bushwick

2:00 pm on May 17, 2016 By Reid Wilson

Jacob Scherman, doing business as an anonymous Brooklyn-based LLC, has filed applications for a four-story, 10-unit residential building at 267 Evergreen Avenue, in central Bushwick, located three blocks from the Kosciuszko Street stop on the J train. The structure will measure 9,990 square feet, and its residential units should average 917 square feet apiece, which means family-sized rental apartments are probably in the works. The project will be topped by a penthouse (with access from one of the units on the fourth floor) and a rooftop recreational area. Amenities also include two off-street parking spaces. Woody Chen’s Flushing-based Infocus Design & Engineering is the applicant of record. A dilapidating two-story wood-framed structure must first be demolished.

Six-Story, 56-Unit Mixed-Use Rental Building to Get Renovations, 51 Irving Place, Gramercy

1:00 pm on May 17, 2016 By Reid Wilson

Springhouse Partners has acquired, for $55 million, the six-story, 56-unit mixed-use building at 51 Irving Place, located on the corner of East 17th Street in Gramercy. The 42,502-square-foot property contains about 10,000 square feet of commercial space, which is currently split between five retail units and a single office unit. The residential units above are rental apartments, most of which are market-rate. The new owners plan to conduct renovations, according to The Real Deal. Work will include upgrades to the façade and interiors, and the addition of residential amenities. The apartments will remain as rentals. The property could also accommodate a small expansion, as it contains 5,000 square feet of air rights, although such plans to build an expansion are not known. Springhouse Partners recently secured a $37 million mortgage to finance the acquisition.

Foundation Work Complete at Site of 15-Story, 43-Unit Residential Project, 41-32 27th Street, Long Island City

11:00 am on May 17, 2016 By Reid Wilson

Back in March, renderings were revealed of the 15-story, 43-unit residential building under development at 41-32 27th Street, in the Queens Plaza section of Long Island City. Now, foundation work is nearly complete, The Court Square Blog reports, which means the structure can begin rising above street level. The new building, dubbed Steel Haus, will encompass 43,808 square feet upon completion. Its residential units, which will be rental apartments, should average 800 square feet apiece. Amenities include a fitness center, storage space for 23 bikes, private residential storage, and a rooftop recreational area. The Hakimian Organization is the developer, with ARC Architecture + Design Studio serving as the architect. David Howell Design is in charge of designing the interiors. Completion is expected in early 2017.

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