Madison Realty Capital has acquired the 10-story, 130,000-square-foot industrial building at 341 39th Street and the neighboring seven-story, 30,000-square-foot industrial property at 353 39th Street, in southern Greenwood Heights (on the border of Sunset Park), with plans to convert the structures into modern office and manufacturing space. The properties traded for $37.5 million, Crain’s reports. The currently vacant buildings would get new lobbies, windows, mechanical equipment such as elevators, amenities, and outdoor space (presumably on the roof). Between the buildings, the floor plates will range from 4,000 square feet to 13,000 square feet. The 36th Street stop on the D, N, and R trains is three blocks to the north. The duo was placed on the market last year with an asking price of nearly $50 million.
A rendering has been revealed of Tishman Speyer’s planned two-tower, 1.1-million-square-foot office complex at 28-07 Jackson Avenue (a.k.a. 28-10 Queens Plaza South), in the Queens Plaza section of Long Island City. The towers – dubbed One and Three Gotham Center – will stand 27 stories, or 396 feet, in height. As YIMBY reported in June, new building applications indicate a common four-story base will include roughly 30,000 square feet of retail space, restaurants, a food hall, and a parking garage for cars and bikes. The rendering also depicts an outdoor terrace on the fifth floor. 800,000 square feet of office space in the complex has already been pre-leased. One tenant includes WeWork, which is set to take 250,000 square feet. Another is Bloomingdale’s, which has reserved 550,000 square feet of office space, Crain’s reported. Doha-based Qatari Diar is co-developing the project, while Financial District-based MdeAS Architects is designing. Excavation is expected to begin in early 2017, with completion scheduled for 2019. One and Three Gotham Center will join the 22-story, 700,000-square-foot Two Gotham Center located immediately to the north. Tishman Speyer developed that in 2011.
Property owner Ronny Shmoel, doing business as an anonymous Brooklyn-based LLC, has filed applications for a two-story, 5,006-square-foot mixed-use commercial building at 1625 McDonald Avenue, in Midwood. The ground floor of the project will host commercial-retail and warehouse space and the second floor will house offices. The ground floor will also feature a seven-car parking garage. Gabriel Gingishvili’s Brooklyn-based MGM Creations is the architect of record. The 46-foot-wide, 5,377-square-foot property is currently occupied by a two-story house. Demolition permits have not been filed. The Avenue N stop on the F train is located a block to the north.
The 90-story, 1,296-foot-tall office tower known as 30 Hudson Yards, located on the corner of Tenth Avenue and West 33rd Street, is now roughly 15 floors above street level, as seen in photos posted to the YIMBY Forums by ILNY. The one-million-square-foot retail component, dubbed The Shops & Restaurants at Hudson Yards and located between 30 Hudson Yards and the completed 52-story office tower 10 Hudson Yards, is also now topped out and receiving its façade. 30 Hudson Yards will measure 2.6-million square feet and has already been fully committed. Time Warner Inc. (and its affiliates) will occupy 1.5-million square feet, Wells Fargo Securities will occupy 500,000 square feet, KKR will occupy 343,000 square feet, and Related Companies and Oxford Properties Group (the developer of Hudson Yards) are also taking space in the building.
Construction has topped out on the 12-story, 178,958-square-foot medical facility-office building under development at 620 Fulton Street, in Downtown Brooklyn, as seen in photos posted to the YIMBY Forums by JC_Heights. The project is being built by the New York Hotel Trades & Hotel Association of New York City Employee Benefit Fund, which is an organization that provides medical and social services to hotel union workers. It will serve as their Brooklyn branch. Health care facilities, totaling 65,000 square feet, will be located on the ground through fifth floors, followed by 70,000 square feet of office space on the sixth through 11th floors. There will also be 20,000 square feet of retail space on the ground floor and a restaurant. TriBeCa-based Francis Cauffman is behind the design. Façade installation has not yet begun, although completion is expected before 2017.