New York

41-53 South 3rd Street

Flank Acquires Mixed-Use Development Assemblage at 41-53 South 3rd Street, Williamsburg

Chelsea-based development and design firm Flank has closed on the purchase of the development assemblage at 41-53 South 3rd Street and 60 South 2nd Street, in Williamsburg, located two blocks in from the East River, for $36.2 million. The assemblage consists of a mix of single-story commercial-retail properties and vacant lots, according to The Real Deal. The plot could accommodate nearly 80,000 square feet of mixed-use development if the existing buildings are demolished. The developer is currently considering building a project with residential units, although plans won’t move forward until the existing tenants finish their respective leases, which expire between 2018 and 2023.


1987 Third Avenue

Schematic Drawings Posted Of Nine-Story, 59-Unit Mixed-Use Project at 1987 Third Avenue, East Harlem

In early 2014, applications were filed to expand (from the foundation of) the existing four-story tenement buildings at 1987-1991 Third Avenue, located on the corner of East 109th Street in East Harlem, into a nine-story, 59-unit mixed-use building. Harlem+Bespoke now has schematic drawings of the project, which also reveals its scheduled completion date – December of 2017. The expanded structure will measure 58,728 square feet and will feature 5,871 of ground-floor retail space. The residential units above should average 865 square feet apiece, which means rental apartments are likely in the works. Amenities listed in the Schedule A include bike storage, a laundry, and recreational space, all located in the cellar. Queens-based EM Architectural Design is the architect of record, and Yin Han, doing business as an anonymous LLC, is the developer. The existing structures are currently being reduced to their foundation.


50 West 40th Street

Allied Partners Potentially Reviving Mixed-Use Development Plans at 50 West 40th Street, Midtown

Back in August of 2012, CUNY’s Stella and Charles Guttman Community College welcomed its inaugural class at the seven-story, 91,335-square-foot building at 50 West 40th Street – the annex portion of the 23-story American Radiator Building, an individual landmark, at 40 West 4t0th Street – in Midtown. Now, the school is planning to move to a larger four-story, CUNY-owned building at 445 West 59th Street once its lease expires in 2020. According to The Real Deal, Allied Partners, the owner of 50 West 40th Street, will demolish the annex building for, presumably, a new development. In 2010, a 300,000-square-foot mixed-use building, reportedly designed by Norman Foster’s Foster + Partners, was proposed at the site. At the time, the development assemblage included the properties at 54 West 40th Street and 43 West 39th Street. It’s not known if the same footprint will be utilized this time around.


Proposal for 11-15 East 75th Street

Landmarks Unreceptive to Mega-Mansion Proposed for 11-15 East 75th Street, Upper East Side

For over a year now, Russian billionaire Roman Abramovich has been hoping to create a New York City mega-mansion for himself and his family. But he wants to live on the Upper East Side. So, that means working with what’s there. And that means an assemblage, not something from scratch or a large extant structure. Well, on Tuesday, the Landmarks Preservation Commission dealt a blow to his plans for 11-15 East 75th Street, billed as 15 East 75th Street in presentation materials.

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