Two years after permits were filed, the first piece of the massive 700-unit rental project at 363-365 Bond Street along the Gowanus Canal is getting its windows and brick facade.
The Lightstone Group
The Lightstone Group has acquired the six-story, 40-unit rental building at 40 East End Avenue, in Yorkville, for $34 million, and plans to demolish the building for a condominium project. According to Commercial Observer, the new building will stand 18 stories and have 30 condo units, although applications have yet to be filed with the DOB; Deborah Berke Partners is designing.
The development site spanning 92-94 Fulton Street, in the Financial District, has again traded hands, this time with The Lightstone Group acquiring the properties for $23.25 million. The previous owner, Fisher Brothers, paid $10 million for the site in June 2014 and had filed applications for a 16-story residential building. Lightstone’s plans have yet to be disclosed, but previous proposals revealed by YIMBY show the site’s significant potential.
The Lightstone Group’s expansive 700-unit mixed-use development at the properties 363 and 365 Bond Street, in Gowanus, was taking shape in April, and now cladding is being installed on a six-story portion, reports Brownstoner. Two structures will rise up to 12 stories along the canal, and Goldstein, Hill and West is designing the project. Completion is expected by early 2017.
Despite flooding and complaints from angry neighbors, Lightstone has pushed forward with its nearly 700-unit mega development at 363-365 Bond Street along the Gowanus Canal.