Back in June, YIMBY reported on the Lightstone Group’s acquisition of the six-story building at 40 East End Avenue, at East 81st Street in Yorkville. Permits were filed at the end of October with a support of excavation filing on Friday, and now new details can be reported. The plan is still demolition of the existing building in favor of an 18-story building, rising to 210 feet. The plan reported in June called for 30 condominium units, but the filing shows 29 units.
The Lightstone Group
Late last year, YIMBY reported on applications for a 10-story, 428-unit residential building at 30-17 40th Avenue, in northern Long Island City, and now Curbed reports the Lightstone Group is the developer. Per filings with the DOB, the building will measure 293,703 square feet, but that only includes a portion of the building’s entire area, which will measure 413,000 square feet in total. Retail space will also measure 3,181 square feet on the ground floor. The project will be made up of studios, one-, and two-bedroom units, as well as 22,000 square feet of amenity space. Gerner Kronick + Valcarcel Architects is the applicant of record, and completion is expected in 2017.
Extell Development has purchased the East Bronx property at 2505 Bruckner Boulevard, in Schuylerville, from Lightstone Group for $41 million. The development site is currently occupied by the former 14-screen Whitestone Mutiplex Cinemas building, which Lightstone shut down in 2013 with plans to build a shopping complex. The one-million square-foot property boasts roughly 829,000 square feet of commercial development rights, according to The Real Deal.
Late last year, YIMBY posted a video featuring renderings of plans for a new 63-story residential tower at 118 Fulton Street. The design featured in the film was originally created for the Lightstone Group, which sold off 112-118 Fulton Street to Carmel Partners last September for $171 million. But while the site’s developer has changed, its appearance has seemingly stayed the same, and a new on-site rendering confirms that a design similar to the one previously posted will be built.
Last month, YIMBY brought you a construction update on the Lightstone Group’s 12-story, 700-unit residential project at 363-365 Bond Street, in Gowanus. Since then, the 429-unit building at 365 Bond has topped out, and foundation work is now underway at 363 Bond, where a 268-unit building is planned. New Jersey-based Atlantic Realty has stepped in to finish construction at the latter site, acquiring the property for $75 million. As for 365 Bond, move-ins are expected early next year, per The Real Deal.