New York



243-255 West 34th Street

32-Story, 300-Key Hotel and Retail Complex Filed at 255 West 34th Street, Garment District

In December of 2014, YIMBY revealed Cornell Realty Management’s plans for a 17-story, 180-key hotel at 245-247 West 34th Street, in Midtown’s Garment District. Those plans have since been discarded, as Cornell and Chetrit Group have divided up their 34th Street assemblage into two separate ownerships. Earlier this year, Cornell announced plans to build a four-story retail complex at 257-263 West 34th Street, and now Chetrit has filed applications for a 32-story, 300-key hotel building at 243-255 West 34th Street. The new building will encompass 155,594 square feet, of which 122,426 square feet will be used as commercial space.

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1623 40th Street

Three-Story, Three-Unit Residential Project Planned at 1623 40th Street, Borough Park

Property owner Iskowitz Ernest has filed applications for a three-story, three-unit residential building at 1623 40th Street, in eastern Borough Park, located two blocks from the Ditmas Avenue stop on the F train. The new structure will encompass 7,616 square feet and its residential units should average a very spacious 1,904 square feet apiece, indicative of family-sized condominiums. There will be one apartment per floor and the project will be topped by an open roof terrace. Hudson Valley-based Thomas Kenneth is the applicant of record. The triangular 3,174-square-foot corner lot is currently vacant.


1 Flatbush Avenue

Excavation Begins on 19-Story, 157-Unit Mixed-Use Project at 1 Flatbush Avenue, Downtown Brooklyn

During the summer of 2015, YIMBY reported that demolition was competed on the two-story commercial building at 1 Flatbush Avenue, in Downtown Brooklyn. Now, excavation is underway for the planned 19-story, 157-unit mixed-use building replacing it, as seen in photos by Tectonic. The new structure will encompass roughly 170,000 square feet, 24,500 square feet of which will be used for retail space across the cellar through second floors. The rental apartments should average 793 square feet apiece, and 32 of them will rent at below market-rates through the housing lottery. Amenities include storage space for 79 bikes in the cellar, a fitness center, followed by entertainment lounges/recreation rooms, a library, a yoga room, all located on the third floor, and a rooftop terrace. Developers Slate Property Group and Meadow Partners landed a $110 million construction loan earlier this year. Goldstein, Hill & West Architects is behind the design. Completion is expected in 2017.


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