Last October, SJP Properties and the U.S. branch of Tokyo-based Mitsui Fudosan entered into a contract to buy 200 Amsterdam Avenue, a 5,000 square-foot plot currently occupied a vacant synagogue and located between West 69th and 70th streets on the Upper West Side. Commercial Observer reports the sale has since closed, along with $160 million in financing to fund the acquisition. The team of developers have been planning a high-rise condominium tower for the site, which can boast roughly 400,000 square feet of development rights. The latest plans call for a 51-story, 112-unit residential building, although retail space will also probably be included on the ground floor. Neither demolition permits for the existing structure and nor new building applications have yet been filed.
Queens-based property owner Idan Cohen has filed applications for a four-story, seven-unit residential building at 846 Quincy Street, in eastern Bedford-Stuyvesant, located two blocks from the Gates Avenue stop on the J and Z trains. The structure will measure 5,000 square feet and there will be two apartments per floor on the ground through third levels. The project’s residential unit on the fourth floor will feature additional space in a fifth-floor penthouse. The residential space listed on permits is misleading, with only 3,000 square feet allotted for the seven units, which would work out to an average size of about 429 square feet. Still, apartments here will probably be rentals. Woody Chen’s Infocus Design & Planning is the architect of record, and the 25-foot-wide lot has been long vacant.
Last fall, the New York Times broke the news that the landmarked Metro Theater on the Upper West Side would become a Planet Fitness. Now applications have officially been filed to convert the 1930s Art Deco theater at 2626 Broadway into retail.
Development in Brownsville is starting to pick up, and it might have something to do with the big rezoning set to transform East New York next door. Today we’ve come across plans for a seven-story hotel at 120 Thatford Avenue, between Pitkin and Belmont avenues.
The long-vacant Times Square Theater, located at 217 West 42nd Street, between Seventh and Eighth avenues in Midtown, may have another chance to be used, according to the New York Post. Singapore-based Oracle Projects International, which produces and designs events, has reportedly leased the property. The former theater is overseen by the state’s Historic Preservation Committee as well as New 42nd St, a nonprofit that leases the theater (and five others) in a 99-year lease. In recent years, the building was leased twice with different reuse projects in mind, but both failed to come to fruition. The latest plan would likely include, at the very least, minor alterations to, or a restoration of, the existing building. The building’s interior and exterior were on the Landmarks Preservation Commission’s backlog, but were removed from the calendar without prejudice last month.