New York

815 Broadway

Five-Story, 57,800-Square-Foot Office Conversion Planned At 815 Broadway, Bushwick

Property owner Transition Acquisitions is planning to convert the five-story, 57,800-square-foot former Globe Exchange Bank building, located at 815 Broadway in far-western Bushwick, into office space, Commercial Observer reports. The property is currently vacant and boasts 41,673 square feet of commercial space. According to the Schedule A, 15,600 square feet of retail space will span the ground floor, medical offices will be located in the cellar level, and the rest of the building will full-floor contain office spaces. Boaz Golani’s Bronx-based BMG Design Build is the architect of record. The current owner acquired the building in July of 2015 for $15.1 million and the conversion is expected to be complete in the spring of 2017.




41-32 27th Street

Reveal For 15-Story, 43-Unit Apartment Building At 41-32 27th Street, Long Island City

Back in October of 2015, schematic drawings surfaced for the planned 15-story, 43-unit residential project at 41-32 27th Street, in the Queens Plaza section of Long Island City. A rendering of the new 43,808-square-foot building is now available, and Commercial Observer is reporting the developer, Hakimian Organization, has secured $15.5 million in construction financing. The residential units will be rental apartments and should average 800 square feet apiece. Amenities include private storage spaces, storage for 23 bikes in the cellar, a gym, and 1,131 square feet of rooftop recreational space. Robert Bianchini’s Forest Hills-based ARC Architecture + Design Studio is the architect of record, and David Howell Design is responsible for the interiors. Construction is underway and completion is expected in early 2017.


301 Wallabout Street

Two Six-Story, Seven-Unit Residential Buildings Filed At 301 Wallabout Street, Williamsburg

Brooklyn-based Cipco Developers has filed applications for two six-story, seven-unit residential buildings at 299-301 Wallabout Street, in the Broadway Triangle section of Williamsburg, located a block from the Lorimer Street stop on the J/M trains. Each structure will measure 10,165 square feet and individual residential should average 1,452 square feet. Larger, family-sized apartments are in the works here, likely to accommodate the neighborhood’s Hasidic Jewish population. Both structures will be topped by penthouse levels, and a total of six parkings spaces and 20 bicycle storage spaces will be located on the ground and cellar levels. Hahram Tehrani’s Jamaica-based BTE Design Services is the applicant of record. A 60-foot-wide, single-story warehouse must first be demolished.


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