CW Realty Management has entered into contract to acquire, for $45 million, the development assemblage at 187-201 Kent Avenue and 48-50 North 3rd Street, located three blocks in from the East River in northern Williamsburg. The plan is for a 140,000-square-foot mixed-use building with retail space and rental apartments, The Real Deal reported. Retail will be located on the ground and cellar levels, and there will also be a parking garage. The number of units is unknown at this time. The 23,150-square-foot assemblage is currently occupied by one- and two-story warehouses, one of which is currently used as event space. Demolition permits haven’t been filed.
A 33-story, 179-unit mixed-use building has reached its peak at 520 West 30th Street. Construction officially topped off on August 18th, according to a spokesperson for the developer, Related Companies. Photos posted to the YIMBY forums by JC_Heights and Tectonic show that structure’s frame is being filled out and installation of the glassy facade appears about halfway complete.
Since it was two stories above street level in early June, the 21-story, 95-unit mixed-use building under construction at 221 West 29th Street, in northern Chelsea, has topped out, as seen in photos posted to the YIMBY Forums. The structure measures 105,337 square feet and rises 210 feet above street level, not including the bulkhead. There will be 671 square feet of retail space, big enough for a single store, followed by residential units on the second through 21st floors. The apartments will be rentals, averaging 828 square feet apiece, of which 19 (20 percent of the total) will rent at below-market rates through the affordable housing lottery. CBSK Ironstate — a team comprised of SK Development, CB Developers, and Ironstate Development — is the developer. Goldstein, Hill & West Architects is behind the architecture. Occupancy is expected in 2017.
Brooklyn-based Frontgate Management Inc. has filed applications for a four-story, eight-unit residential building at 1240 Madison Street, in central Bushwick. The project will measure 5,103 square feet and its residential units should average 492 square feet apiece, indicative of rental apartments. One of the apartments on the fourth floor will also feature space in an upper penthouse level. Boaz Golani’s Brooklyn-based Beam Group is the architect of record. The latest plans replace ones filed in December under a previous property owner. The old ones called for seven residential units. The 18-foot-wide lot remains vacant. The Myrtle-Wyckoff Avenues stop on the M and L trains is five blocks away.
The eight-story, 423,000-square-foot office building at 441 Ninth Avenue — located between West 34th and 35th streets in the Hudson Yards District — is slated to be renovated and vertically expanded by 150,000 square feet. Portions of the ground floor could also be converted into retail space, The Real Deal reported. The plans haven’t been filed with the Buildings Department yet. The Cove Property Group and hedge fund Baupost Group are the developers. The duo recently acquired the property for $330 million. The structure was originally built as a warehouse in 1953 and later converted into an office property in the 1980s. The existing tenant is expected to vacate the property within one year.