Construction is underway on the ground floor of the 11-story, 55-unit mixed-use building being developed at 11-51 47th Avenue, in the Hunters Point section of Long Island City, located on the corner of 21st Street and Jackson Avenue. The construction can be seen in photos in a post by The Court Square Blog. Dubbed the Jackson, it will eventually measure 70,000 square feet. It will feature 1,226 square feet of retail space on the ground floor, followed by one- to four-bedroom condominiums on the floors above. On average, the apartments should measure 962 square feet apiece. Amenities are to include a fitness center, a children’s playroom, a residents’ lounge, a rooftop terrace, storage for bikes, and a 22-car parking garage. Charney Construction & Development, Ascent Development, and Tavros are the developers, while Fogarty Finger is behind the design. Completion is expected in early 2017.
Back in October of 2015, news broke that Tavros Development Partners, Charney Construction & Development, and 1 Oak Development were in contract to acquire the Dime Savings Bank assemblage in Williamsburg, located two blocks north of the Marcy Avenue stop on the J/M/Z trains. The $80 million sale has closed, according to Commercial Observer. The development site includes the properties at 263-277 South 5th Street, 262-272 South 4th Street, and 205 Havemeyer Street, and some site are currently occupied by low-rise commercial structures. The Dime Savings Bank of Williamsburg building, the existing two-story bank at 209 Havemeyer Street, was not part of the deal. The 50,000-square-foot site could accommodate a new 230,500-square-foot mixed-use building, although plans for the site have not been disclosed.
In August of 2014, YIMBY reported on applications for an 11-story, 56-unit residential building at 11-51 47th Avenue (a.k.a. 13-33 Jackson Avenue), in the Hunters Point section of Long Island City, located directly above the 21st Street – Van Alst Avenue stop on the G train. Then last December, YIMBY reported that excavation was imminent following the demolition of the site’s former two-story warehouse. Now, the New York Times has the latest details on the Fogarty Finger-designed project, which will be clad in exposed concrete and industrial-esque windows. We also have a few words from Chris Fogarty himself, Director of Fogarty Finger.
Back in May, YIMBY brought you news that the Dime Savings Bank development assemblage — located around but not including the two-story commercial building at 209 Havemeyer Street, in central Williamsburg — was hitting the market, and now it appears Tavros Capital and Charney Construction & Development are in contract to purchase the site. According to Commercial Observer, Dime is selling the 50,000 square-foot assemblage for $80 million, which could accommodate a mixed-use development of 230,500 square feet. The developers are expected to close on the purchase in early 2016.
On the stretch of 24th Street right before Eleventh Avenue, another West Chelsea residential project is finally nearing completion. 560 West 24th Street is under development by Tavros Capital and Adam Gordon, with Montroy Andersen DeMarco serving…