Last month, BRP Companies closed on the purchase of the 7,063-square-foot vacant lot at 841-847 St. Nicholas Avenue – located on the corner of West 152nd Street, in Hamilton Heights – for $3.1 million. In November, after the developer entered into contract for the site, the previous property owners, Dance Theater of Harlem, payed $875,000 to the Department of Citywide Administrative Services (DCAS) to lift an existing deed restriction. The restriction only allowed nonprofit cultural organizations to use the property, according to the New York Times. The city has reportedly been in talks to develop roughly 24 affordable housing units on the site, but new buildings applications have not been filed. The property could accommodate 21,189 square feet of residential space as-of-right. The site is located within the Hamilton Heights/Sugar Hill Northwest Historic District, which means the Landmarks Preservation Commission would have to approve the design of a new project.
In December of 2015, YIMBY reported on the topping out of the 17-story, 278-unit residential building underway at 550 Vanderbilt Avenue, in Prospect Heights. Now, the structure, which is one of 17 buildings within the Pacific Park mega-development, is having its façade and windows installed, Brownstoner reports. The structure encompasses 359,625 square feet. It includes a 4,731-square-foot ground-floor retail component, and its residential units, which are condominiums, should average 1,173 square feet apiece. The units will come in studio to four-bedroom configurations. Amenities include a library, a lounge with outdoor terraces, a private dining room, a fitness center, a children’s playroom, a landscaped roof deck, an interior communal garden, and an underground parking garage. A partnership between Forest City Ratner Companies and Greenland USA are developing, while COOKFOX Architects is designing. Completion is expected later this year.
After billionaire Jon Stryker, of Stryker Corporation, purchased the two former industrial properties at 85-89 Jane Street, in the West Village, for $32 million in 2012, he is now moving forward with plans to redevelop the two- and one-story buildings into a 12,000-square-foot, single-family mansion. As currently proposed, the project would consist of a three-story base topped by a skinnier, two-story glass enclosure that would rise 90 feet in height. Much of the third level would feature an outdoor garden. As the site is located within the Greenwich Village Historic District, the Landmarks Preservation Commission (LPC) would have to approve of the design. Before the project goes before the LPC, it will be presented before Community Board 2, Curbed NY reports. TriBeCa-based Steven Harris Architects is behind the design.
Last summer, the Daily News reported that the city was dragging its feet on building gas, sewer, and electric lines for the final phases of Nehemiah Spring Creek’s affordable housing development in East New York. Now, wheels are cranking into motion at the city housing agencies. Building applications have been filed for the fourth stage of the project.
Back in February, the first renderings were revealed of the planned 86-story, 245-unit mixed-use tower at 45 Broad Street, in the Financial District. The renderings originated from EB-5 materials, as the development team – Madison Equities, Pizzarotti-IBC, and AMS Acquisitions – is hoping to raise $75 million in financing through the program. Now, another rendering of the CetraRuddy-designed project has surfaced via YIMBY Forums, which depicts the tower when viewed from the north (looking southward down Broad Street). New buildings applications haven’t been filed yet, but the 1,100-foot-tall tower will encompass approximately 298,000 square feet. The first five floors should host 50,000 square feet of commercial space, while the apartments above should come in studio to three-bedroom layouts. There will also be 20,000 square feet of amenities. Groundbreaking is expected later this year, and completion is ambitiously scheduled for 2018.