Retail

Times Square Toys “R” Us, Once World’s Largest Toy Store, To Close December 30

1:15 pm on December 28, 2015 By Vitali Ogorodnikov

2015 will go down in New York’s storied retail history as the year when the city lost two of its flagship toy stores. At 6:00 p.m. on December 30, Toys “R” Us will shut down its Times Square store at West 44th Street and Broadway. The retail giant decided not to renew the lease due to ever-rising rents in the pedestrian-heavy neighborhood. Earlier in July, the company closed the famous FAO Schwarz store on at 767 Fifth Avenue, which had served the city since 1986.

Construction at FRANK 57WEST, 600 West 58th Street. Photo by Tectonic.

Construction Update: FRANK 57WEST Rises On The Far West Side

7:30 am on December 28, 2015 By Evan Bindelglass

If you’ve gone up the West Side Highway in Manhattan or up Port Imperial Boulevard in New Jersey, you’ve probably noticed the Durst Organization-developed Bjarke Ingels Group-designed Via tetrahedron. Not only is it visually striking, there has been a fair amount of press coverage. Additionally, its next-door neighbor, the high-rise Helena has been there for a decade now. But they are not the only Durst developments on the block bounded by Eleventh Avenue, West 57^th Street, Twelfth Avenue, and West 58^th Street.

Reveal For 25-Story, 368-Unit Mixed-Use Building At 210 Livingston Street, Downtown Brooklyn

6:30 am on December 21, 2015 By Reid Wilson

Back in 2014, YIMBY reported on applications for a 25-story, 368-unit mixed-use building at 210 Livingston Street, in Downtown Brooklyn, and then this past October, developers Benenson Capital Partners and Rose Associates were working to land $158 million in construction loans. Real Estate Weekly reports the loan has closed, and in addition, has revealed the rendering for the project, which is being designed by Handel Architects. Seventy-four of the apartment units will be rented below market-rate, and nearly 20,000 square feet of retail space is planned on the ground and cellar levels. An 11-story office building was demolished back in 2014, and now that construction is imminent, completion is expected in late 2017.

Extell Submits Pre-Filings For 57-Story Mixed-Use Tower At 138 Willoughby Street, DoBro

6:30 am on December 16, 2015 By Reid Wilson

Over the summer, Extell Development struck a deal to lease City Point’s phase three development site, located on the northern end of the block at 138 Willoughby Street, in Downtown Brooklyn. Yesterday, SLCE Architects pre-filed for Extell’s planned tower, which will rise 57 stories above street level. The documents are not complete, but the initial filing reveals that the project will include both residential and commercial space, as expected. The deal requires the developer to build a four-story, 65,000 square-foot retail base. The tower will rise 692 feet in height, although it’s not clear if that figure includes any structural rooftop elements. The planned residential units should number in the hundreds, and that will be among the details clarified when SLCE completes the new building applications.

Developer Purchases Mixed-Use Development Site At 129 Beach 116th Street, Rockaway Park

6:00 am on December 16, 2015 By Reid Wilson

An anonymous LLC affiliated to Brooklyn-based Marcel Group has purchased the relatively large block-thru development site at 129 Beach 116th Street, in Rockaway Park, located a block south of the Rockaway Park – Beach 116th Street stop on the A and Rockaway Park Shuttle trains. According to DNAinfo, the developer paid $5 million for the site, which is currently home to a vacant single-story structure. The property could accommodate an eight-story, 114,000 square-foot mixed-use building with up to 16,000 square feet of retail space.

Partial Residential & Hotel Conversion For 22-Story Building At 660 Madison Avenue, Lenox Hill

2:00 pm on December 14, 2015 By Reid Wilson

The Safra family’s JSRE Acquisitions has filed applications to convert part of the 22-story, 475,000 square-foot mixed-use commercial building at 660 Madison Avenue, in Lenox Hill between East 60th and 61st Streets, into residential and hotel units. Beginning on the 10th floor, there will be 54 dwelling units added in total. The hotel portion will be located from floors 10 through 15, although it’s not specified how many of the 54 dwelling units will be part of the hotel. Regardless, the remaining units will be residential and will be located throughout floors 10 through 22. Roof terraces already exist on many of the floors and the top two floors will consists of duplex units.

Reveal For Two-Story, 19,800 Square-Foot Retail Project At 205 Smith Street, Boerum Hill

3:00 pm on December 9, 2015 By Reid Wilson

Late in 2014, filings were submitted to expand the single-story, 9,916 square-foot commercial building at 205 Smith Street, in Boerum Hill, to 19,832 square feet, thanks to the addition of a second floor. Brownstoner now has a rendering the project, which will be entirely retail and reportedly the new home of a supermarket. Jackson Group, Aurora Capital Associates, and ACHS Management are developing, while Think Architecture & Design is the architect of record. A completion date has not yet been disclosed.

Three-Story, 40,000 Square-Foot Retail Building Planned At 220-10 Northern Boulevard, Bayside

2:00 pm on December 4, 2015 By Reid Wilson

RKF has been tapped to market the retail space in the planned three-story, 39,620 square-foot commercial development at 220-10 Northern Boulevard, in southern Bayside, according to Real Estate Weekly. The building will be be exclusively retail, with each floor boasting between 11,000 and 12,000 square feet of leasable space. A basement level will contain roughly 4,900 square feet of space. The retail structure will sit on the corner of 223rd Street and a connected 220-car parking garage will extend eastward up the sloped lot. A Burger King restaurant will first have to be demolished.

Reveal For Two-Story Retail Building At 159 Ludlow Street, Lower East Side

6:30 am on December 4, 2015 By Reid Wilson

Late last summer, YIMBY reported on applications for a two-story, 2,126 square-foot retail building at 159 Ludlow Street, on the Lower East Side, and now Bowery Boogie has the project’s reveal, which will take the form of a glassy structure. Hesky Haim and Continental Worsteds are the developers, and DXA Studio is designing the project, which it calls the ‘glass box’. The building appears to include some form of rooftop garden, and will be available as event space. The lot is currently vacant and construction is expected to begin in 2016.

Commercial-Retail Conversion Planned For 4.5-Story Property At 11 Bond Street, NoHo

6:00 am on December 4, 2015 By Reid Wilson

Aby Rosen’s RFR Realty has filed applications to convert and expand the 4.5-story building at 11 Bond Street, in NoHo, into a commercial property fit for a single retail tenant, according to Bowery Boogie. The 16,410 square-foot building, which also goes by 348 Lafayette Street, is currently a women’s shelter operated by the Center of Urban Community Services. Annabelle Selldorf is designing the project, which would require approval from the Landmarks Preservation Commission. Aby Rosen acquired the property for $26 million over the summer.

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