Hotels are flocking to North Brooklyn’s industrial zone, but yesterday YIMBY noticed an unusual filing for a new artist studio building at 58 Grattan Street between Morgan and Knickerbocker Avenues in East Williamsburg.
Foundation work and piling is underway at 44-26 – 44-28 Purves Street, in Long Island City, where Brause Realty and the Gotham Organization are planning a 35-story, 270-unit mixed-use building. YIMBY revealed renderings in April of the FXFOWLE-designed project, and a 2,600 square-foot retail portion is expected on the ground floor. According to The Court Square Blog, the building is scheduled for completion in October 2017.
A 24-unit condominium conversion of the landmarked six-story, 44-rental-unit building at 101 West 78th Street, on the Upper West Side, has received the go-ahead to continue construction. Newcastle Realty Services is developing, and HTO Architects is designing the conversion of the 69,700 square-foot structure. Ground-floor commercial space also measures 6,865 square feet on Columbus Avenue.
Vornado Realty Trust has acquired the low-rise retail building at 144-150 West 34th Street, in Midtown South, for $355 million from a partnership between Starwood Capital Group and Crown Acquisitions. The three-story, 78,000 square-foot building is leased by Old Navy; their lease expires in five years, and the property boasts 300,000 square feet of commercial building rights if redeveloped.
Second Development Services and Richport Group have acquired a new $28 million construction loan for their 11-story, six-condo-unit building under construction at 25 Great Jones Street/22 Bond Street, in NoHo, reports Commercial Observer. The project is being sculpted out of a previously half-way completed hotel structure, and BKSK Architects is designing. The $52 million project is proceeding, although behind schedule, and an opening date hasn’t been revealed yet.
