New York

5521 Eighth Avenue

Foundation Work Underway For Six-Story, 40-Unit Medical Office Building At 5521 Eighth Avenue, Sunset Park

In October of 2014, YIMBY revealed renderings of the planned six-story, 40-unit multi-use commercial building at 5521 Eighth Avenue, on the corner of 56th Street in Sunset Park, located seven blocks north of the N train’s stop on Eighth Avenue. The Brooklyn Daily Eagle reports foundation work is now underway on the 81,569 square-foot project, which will include 36 medical offices and four retail units. The retail space will measure 13,003 square feet in total and will span the ground floor and a mezzanine level. The medical offices will begin on the second floor and should average 1,180 square feet apiece. Flushing-based Andy Wong filed documents with the Attorney General’s office in January, which indicated the project is being valued at $76.3 million. Raymond Chan is designing and completion in 2017 seems likely.


436 Albee Square

28-Story, 150-Unit Mixed-Use Building Rises At 436 Albee Square, Downtown Brooklyn

In November of 2014, YIMBY revealed renderings of the planned 28-story, 150-unit mixed-use building at 436 Albee Square, in Downtown Brooklyn, located only a few blocks from stops on roughly a dozen subway lines. The Department of Buildings granted permits in March 2015, and since then the building has risen three stories above street level, as seen in photos by Tectonic. The latest filings have the project measuring 155,100 square feet in total and including 23,740 square feet of commercial-retail space on the cellar through third floors. The residential units will begin on the fourth floor and should average 793 square feet apiece. ODA New York is designing and Yoel Schwimer is the developer. Completion in 2017 seems probable.


27-07 43rd Avenue

Nine-Story, 108-Key Hyatt Hotel Rises At 27-07 43rd Avenue, Long Island City

In the summer of 2015, the nine-story, 108-key Hyatt Hotel being developed at 27-07 43rd Avenue, in the Court Square section of Long Island City, was a single-story above street level. The Court Square Blog now reports the project is seven stories up. The new building will encompass 59,411 square feet and will have 49,589 square feet of commercial space. That works out to hotel rooms averaging a relatively spacious 450 square feet apiece. There will be a dining area on the ground floor and a gym, meeting rooms, and office rooms in the cellar, according to the Schedule A. Flushing-based Michael Kang is the architect of record and Prakash Patel, doing business as an anonymous LLC, is the developer. Completion is expected later this year.


One Penn Plaza as seen from the southwest. Photo by Evan Bindelglass.

One Penn Plaza, Two Penn Plaza To Get Major Renovations, Interconnection, Midtown

Following the state’s plan to upgrade and expand Pennsylvania Station, Vornado Realty Trust has announced plans to renovate and interconnect 57-story One Penn Plaza and 29-story Two Penn Plaza, completed in 1972 and 1968 respectively, into a massive 4.2-million-square-foot office complex. The two buildings are located directly adjacent to and above Penn Station, in Midtown, between West 31st and 34th streets and Seventh and Eighth avenues. According to The Real Deal, the renovation project would improve desirability and tenant mobility and allow for new retail and amenity opportunities. Two Penn Plaza would get a new floor-to-ceiling glass façade and One Penn Plaza would receive “a more conventional upgrade.” Start and completion dates have not been disclosed, and a designer has not yet been revealed.



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