Nearly a year ago, a new look was revealed for an Upper West Side development. Now, construction is well underway and YIMBY has the latest renderings for 207 West 75th Street.
KBS Capital has entered into contract with Onyx Equities to acquire an 80 percent stake in the Church of St. John the Baptist, a two-story, 23,110-square-foot structure at 210 West 31st Street in Chelsea. KBS and Onyx plan to convert the structure into roughly 30,000 square feet of retail space, The Real Deal reported. The space will be divided between three units, all with space on the ground floor and additional space on the cellar and second levels. A roof patio could also be constructed. KBS is set to pay $39.8 million for the stake. A timeline regarding the sale or construction has not been disclosed. Alteration permits have not been filed at this time.
A rendering has been revealed of the 14-story, 50-unit mixed-use building planned at 644 East 14th Street, located on the corner of Avenue C in the East Village. The building will encompass 76,259 square feet and rise 162 feet above street level, Real Estate Weekly reported. There will be 8,064 square feet of retail and 21,575 square feet of community facility space located within the tower’s three-story base. The residential units above should average 677 square feet, which indicates rental apartments. The developer is Opal Holdings, which acquired the site for $23 million over the summer. Karl Fischer’s SoHo-based architecture firm is behind the design. After YIMBY reported on the project’s initial filings when they were submitted in 2014, the site’s former single-story warehouse was demolished in late 2015.
Back in July of 2014, YIMBY brought you renderings of the proposed 14-story, 10-unit residential building at 207 West 75th Street, on the Upper West Side. The project required a special permit from the Board of Standards and Appeals, but the developer was unsuccessful in obtaining a variance and the site was eventually unloaded for $13.25 million in 2015. The new developer, Opal Holdings, has since filed applications to expand the existing two-story building into a seven-story, five-unit mixed-use one. Real Estate Weekly now reports a $14.8 million construction loan has been secured for the 20,000-square-foot project. There will be 5,000 square feet of retail on the ground and cellar levels, and full-floor apartments beginning on the second floor. The sixth and seventh floors will contain a five-bedroom duplex penthouse featuring a terrace. Jeffrey Cole Architects is designing.