Hudson Companies has acquired the development site spanning 1041-1047 Fulton Street, in southern Clinton Hill, for $7.2 million. According to Brownstoner, the developer plans to build a 39-unit all-affordable building designed by Marvel Architects. The site’s previous owners filed permits last year for a six-story market-rate building, but new applications are impending. The property’s former two- and three-story buildings were demolished last November.
Last summer, YIMBY brought you renderings of 215 Chrystie Street, a 28-story, 370-hotel-room mixed-use tower now under construction on the Lower East Side. According to Bowery Boogie, concrete and rebar are up to the second floor. Ian Schrager and Witkoff are developing, and Herzog & de Meuron is the design architect. Completion is scheduled for late 2016.
Kenjoy Realty is placing two connected single-story warehouse properties at 11-01 38th Avenue and 37-37 11th Street, in northern Long Island City, on the market for $12.5 million. The assemblage is being marketed as a development site, boasting roughly 86,000 square feet of commercial building potential, according to Commercial Observer. The marketing team states that the site is ripe for a hotel development.
The Olnick Organization has filed pre-applications with the city, beginning the ULURP process that would rezone Lenox Terrace, a tower-in-the-park development bound by West 132nd and 135th Streets, and Malcolm X Boulevard and 5th Avenue in central Harlem. According to DNAinfo, the complex has six 17-story towers, which make up 1,700 residential units, and nearly 96,600 square feet of commercial space is located within perimeter low-rise buildings.
Village officials have approved the redevelopment of the two-story movie theater at 321 Merrick Road, in Nassau County’s Lynbrook. The expanded structure will measure 70,000 square feet and have 15 screens. Blumenfeld Development Group and The Prusik Group are developing, and completion is expected in early 2017, according to Long Island Business News.