Property owner Chang Lin Xue has filed applications for two four-story, three-unit residential buildings at 40-48 68th Street, in Woodside, located a block from the 69th Street stop on the 7 train. One building will measure 5,515 square feet, while the other will measure 5,749 square feet. In each, there will be full-floor units on the ground and second floors, followed by a single unit on the third and fourth floors. Across both buildings, the apartments should average a spacious 1,297 square feet apiece, indicative of condominiums. Xiohong Zhao’s Queens-based Ameriland Brook is the applicant of record. The 40-foot-wide lot is currently occupied by a three-story, multi-family house, and demolition permits were filed for it in February.
In August of 2015, renderings were revealed of the four-story, six-unit mixed-use building planned at 491 Myrtle Avenue, in northern Clinton Hill, located four blocks from the Clinton-Washington Avs stop on the G train. The 7,089-square-foot project has since topped out at 58 feet above street level, according to the Myrtle Avenue Brooklyn Partnership. The ground and cellar levels will contain 1,228 square feet of retail space, followed by residential units, averaging 623 square feet apiece, on the floors above. The two rental apartments on the fourth floor will feature space in a set-back penthouse, and amenities include bike storage and a laundry. Yehuda Mor, doing business as an anonymous LLC, is the developer, and Issac & Stern Architects is behind the design. Completion can probably be expected later this year.
Last summer, the Times reported that Extell had acquired the third and final piece of City Point, a sprawling mixed-use development in Downtown Brooklyn. The developer rolled out initial renderings for their 59-story tower at 138 Willoughby Street in January, and now we have a better look at what will eventually be one of Brooklyn’s tallest towers.
Last year, residential development in the South Bronx was booming. This year, builders are looking at their future tax bills – without the 421-a tax break – and realizing that it’s safer and cheaper to build hotels than apartments.
RFR Holding, LIVWRK, and Kushner Companies are preparing to enter into contract to purchase the 11-story, 733,000-square-foot office complex at 25-30 Columbia Heights, in Brooklyn Heights, in addition to the vacant full-block, 135,000-square-foot development site at 85 Jay Street, in DUMBO, from the Jehovah’s Witnesses. The team of developers are paying $700 million for the properties, according to the New York Post. 25-30 Columbia Heights, which is commonly called the “Watchtower,” is the organization’s current headquarters. It could possibly be turned into a commercial hub, similar to how the same developers converted the former Jehovah’s Witnesses properties at 81 Prospect Street into offices back in 2014. As for 85 Jay Street, the site has been long approved for roughly 1.1 million square feet of development. That’s as many as 700 to 1,000 residential units, which could boost the neighborhood’s population by a third, Brownstoner reported a few months ago.