New York



533 Albany Avenue

Revealed: 533 Albany Avenue, East Flatbush

East Flatbush is the final frontier for developers who want to build in central Brooklyn and can’t afford to buy in Crown Heights, at least until the rental market picks up a couple train stops away in East New York. Today, we have a look at a new development coming there to 533 Albany Avenue, between East New York Avenue and Maple Street.

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New York Wheel

Foundation Work Underway on Base of New York Wheel, 155 Richmond Terrace, St. George

Back in November of 2015, the city approved design changes to the 630-foot-tall New York Wheel project at 155 Richmond Terrace, in St. George, Staten Island. At the time, construction was underway on the project’s four-level accessory commercial building. That commercial structure has since topped out and foundation work is now underway on the base of the Ferris wheel itself. The topped-out commercial structure encompasses 418,901 square feet, and features a 950-car parking garage, exhibition/gallery spaces, ticketing offices/security screening, a bike rental facility, a food hall, and commercial-retail space. The roof will also include a playground, a gallery, a restaurant, a performance stage, and landscaped recreational space. A large part of the building is expected to open this summer, with the entire project scheduled for completion in in 2017. Starneth B.V. is constructing the New York Wheel. S9 Architecture, with Navid Maqami as design principal in charge, and Perkins Eastman, with Jonathan Cohn as project manager, are behind the design.


2926 Brighton 5th Street

Four-Story, Two-Family Residential Building Planned at 2926 Brighton 5th Street, Brighton Beach

Brooklyn-based property owner Arthur Oganov, doing business as High Dynamic Construction Inc., has filed applications for a four-story, two-unit residential building at 2926 Brighton 5th Street, in Brighton Beach, located two blocks from the Brighton Beach stop on the B and Q trains. The structure will measure 4,536 square feet and the apartments should average 1,717.5 square feet apiece. One apartment will be located on the second floor and part of the third, while the other will take up the remainder of the third and the fourth. They will be topped by a roof terrace, which will be exclusive to the upper unit. The ground floor will contain a two-car garage. Sergey Mozer’s Brooklyn-based Mozer Architect Design is the architect of record. Demolition permits have been filed to raze the 1,600-square-foot site’s single-story house.


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