Corona-based United Construction & Development Group has entered into contract to purchase the vacant, 3.7-acre mixed-use development site at 131-35 Roosevelt Avenue, a.k.a. 39-08 Janet Place, in downtown Flushing. The sale is expected close for more than $100 million, The Real Deal reported. The site can accommodate up to 870,000 square feet of mixed-use development. In fact, plans for four 16-story towers, connected by a common base, were approved in 2008. That would include 457 residential units, 313,000 square feet of commercial space, and 7,500 square feet of community facility space. It’s unclear whether the next owner will move forward with those plans, but United has reportedly met with the Ismael Leyva Architects, who was responsible for them.
After four years of delayed construction, financial missteps, and lawsuits, Forest City Ratner and Greenland U.S.A. are finally welcoming tenants into 461 Dean Street, currently the tallest skyscraper in the world constructed with modular units. The 32-story tower on the edge of Prospect Heights and Park Slope offers sweeping views of brownstone Brooklyn, but its lengthy construction saga highlights the myriad issues facing developers who want to build with modular construction.
An anonymous Great Neck, N.Y.-based LLC has filed applications for a four-story, eight-unit residential project at 1817 University Avenue, in the West Bronx’s Morris Heights section. The new building will measure 8,666 square feet and its residential units should average a family-sized 912 square feet apiece. One of the units on the fourth floor will also feature space in an upper penthouse level. Mohammad R. Badaly’s Mount Vernon, N.Y.-based architecture firm is the architect of record. The 25-foot-wide, 2,651-square-foot lot is vacant.
An anonymous Brooklyn-based LLC has filed applications for a three-story, three-unit residential building at 1668 59th Street, on the southern end of Borough Park. The project will measure 7,617 square feet and its full-floor residential units should average a spacious 1,865 square feet apiece. Apartments that big probably means family-sized homes are in the works. Jose Lockhart’s Brooklyn-based Tecnico Engineering is the applicant of record. The 32-foot-wide, 3,205-square-foot property is vacant.
Foundation work is underway on the 24-story, 62-unit mixed-use building under development at 1050 Sixth Avenue, located between West 39th and 40th streets in Midtown near Bryant Park. The progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the project will measure 62,886 square feet and stand 299 feet to the top of its bulkhead.