Dallas-based Lincoln Property Company has paid $9.6 million for a lease to build the residential portion of Rivertowns Square, a mixed-use development located off the Saw Mill River Parkway, in Westchester’s Dobbs Ferry. According to Westfair, a 202-unit, 277,000 square-foot rental building is planned on Danforth Avenue. Dobbs Ferry Capital Partners and Saber Real Estate Advisors are developing the overall project, which will include an 138-key hotel on Livingstone Avenue, and 112,000 square feet of commercial space, which is now 80% leased. An office campus has already been demolished to make way for the new construction, and opening of the first commercial building is expected next summer.
When the Fulton Transit Center opened last November, glowing reviews celebrated its 53-foot-wide oculus while lamenting its $1.4 billion price tag, which had doubled since the project’s inception several years before. Now, spokespeople from Westfield and the MTA tell YIMBY that retail will begin opening in the fall and continue through 2016. There will be about 20 stores ranging from retail and service providers to eateries and full service restaurants.
Bayside-based Medipia Realty has filed applications for a three-story mixed-use commercial building at 189-08 Northern Boulevard, in Auburndale, located three blocks from from the Auburndale LIRR station. The building will total 14,226 square feet, and will include 3,143 square feet of retail space (for two units) on the ground floor. In the cellar, second and third floors, heath care facilities will take up the remaining square-footage. Suk Hwan Kim’s Flushing-based “Design Group In H&K” is the applicant of record, and an existing single-story dining establishment must first be removed.
Ronkonkoma-based Browning Hotel Properties has proposed a six-story, 156-key Marriott hotel at the municipal parking lot on the corner of Broadway and Langdon Place, in Nassau County’s Lynbrook. Located a block away from the village’s LIRR station, the first three levels will house 306 parking spaces, 96 of which will be used by the hotel (the remaining set aside for municipal and commuter parking). According to Newsday, the village has signed an agreement with the developer for the land, and official plans will be filed in September.
Urban View Realty has filed applications for a four-story, six-unit residential building at 198 1/2 Kent Street, in Greenpoint, just around the corner to the G train’s Greenpoint Avenue stop. The building will measure 5,000 square feet, which works out to an average unit of 833 square feet. The fourth-floor unit also comes with a 5th floor penthouse. Woody Chen’s Infocus Design & Planning is the applicant of record, and an existing two-story home must first be demolished.