Excavation work is underway on the site of a planned 12-story, 110-unit mixed-use building at 79 Avenue D, in the Alphabet City section of the East Village. The developer, L+M Development Partners, has also secured $52.8 million in construction financing. The latest building permits indicate the project will encompass 114,422 square feet and rise 120 feet above street level, not including the bulkhead.
A year ago, New York University shut down the Coles Sports Center, the aging, two-story gym at the corner of Bleecker and Mercer Streets in the Village. Now the school has filed plans for its replacement, a 23-story, mixed-use tower with classrooms, dorms, new athletic facilities, and community space at 181 Mercer Street.
DSA Property Group is planning to convert the 15-story, 75,000-square-foot dormitory at 106 Fulton Street, in the Finaicial District, into rental apartments. The project will consist of a “light renovation” of only the living spaces, Commercial Observer reported, ensuring that the apartments will be able to be rented at affordable rates. The ground floor contains 3,543 square feet of retail space leased to Burger King through 2020. DSA acquired the dormitory from Pace University for $51.1 million earlier this month. A $45 million acquisition loan was also recently secured.
On Tuesday, the Landmarks Preservation Commission heard two different applications to convert structures in the West Village from three units to single-family use. The first was approved. The second, far more visible and controversial, was not approved.
The chief executive officer of telecom company Altice, Dexter Goei, has filed applications to convert the three-story, 11-unit residential building at 138-140 West 11th Street, in Greenwich Village, into a single-family mansion. The plans were initially revealed over the summer when Goei acquired the 12,000-square-foot property, but the alteration permits offer additional details.