Sometime earlier this year, the 10-story, 50-unit mixed-use building at 27 Albany Avenue, located on the corner of Fulton Street in south-central Bedford-Stuyvesant, topped out. Façade installation is now well underway, as seen in a photo courtesy of construction photographer Tectonic.
SoHo-based Tavros Capital is currently in the process of assembling a site with significant development potential on the corner of 23rd Street and 45th Avenue, in the Court Square section of Long Island City. Over the summer, the development firm purchased the townhouses at 45-03 23rd Street and 45-07 – 45-09 23rd Street for $11.25 million, and has since entered into contract on two additional properties, while waiting for two more. Plans include a mixed-use building with retail, office, and residential components, The Real Deal reported. The site can accommodate up to 167,000 square feet of mixed-use development as-of-right, though an additional 83,000 square feet of air rights could be acquired. Tavros expects the assemblage to cost between $30 and $35 million once complete.
Since YIMBY’s previous update in May, the 28-story, 150-unit mixed-use tower under development at 436 Albee Square, in Downtown Brooklyn, has topped out and begun façade installation. The latest photo of the project was posted to the YIMBY Forums by construction photographer Tectonic. The most recent building permits indicate the structure measures 155,100 square feet and stands 310 feet above street level. There will be 23,740 square feet of retail space across the cellar through third floors. The residential units above should average 793 square feet apiece, indicative of rental apartments. Yoel Schwimmer is the developer and ODA New York is behind the design. Completion is expected in 2017.
An updated rendering has been revealed for the phase two retail portion of Neptune/Sixth, a multi-building, mixed-use development located at 532 Neptune Avenue and 626 Sheepshead Bay Road, in Coney Island. The first phase, now under construction, consists of a seven-story, 161,000-square-foot mixed-use commercial building. The second phase of the project will be a single-story, 90,000-square-foot retail building. CVS Pharmacy recently signed a lease for 11,300 square feet in the building and construction is set to begin later this fall.
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.
