Downtown

17 Laight Street

New Owners Plan Office, Retail Conversion at Six-Story, 115,000-Square-Foot Building, 17 Laight Street, TriBeCa

Vanbarton Group is in contract to acquire the six-story, 115,000-square-foot mixed-use building, formerly home to the Tribeca Film Festival, at 13-17 Laight Street, in TriBeCa, for $90 million. The group plans to convert the building into a retail, office, and “lifestyle facility” space, the New York Post reported. Vanbarton is in the process of buying out all of the property’s existing commercial and residential tenants. The 13,867-square-foot lot also comes with 10,530 square feet of air rights, although it’s not known if an expansion is planned.

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100 Avenue A

Construction Wrapping on Eight-Story, 32-Unit Mixed-Use Building at 100 Avenue A, East Village

Construction is wrapping on the eight-story, 32-unit mixed-use building under development at 100 Avenue A, located between East 6th and 7th streets in the East Village. Photos of the progress can be seen in an EV Grieve report. The latest building permits indicate the project encompasses 51,121 square feet. The ground and cellar levels will host a 12,000-square-foot Blink Fitness, followed by 32 residential units. They will be condominiums and should average 950 square feet apiece. Amenities include storage for 46 bikes, plus laundry facilities, storage space, and a rooftop terrace. Ben Shaoul’s Magnum Real Estate Group is the developer and Issac & Stern Architects is behind the architecture. Built In Studio is designing the interiors. Completion is expected later this year.


152 Elizabeth Street

Work Underway on Ground Floor of Seven-Story, Seven-Unit Mixed-Use Project, 152 Elizabeth Street, Little Italy

Over the past year, the former four-story commercial building at 152 Elizabeth Street, located on the corner of Kenmare Street in Little Italy, has been demolished down to its foundation. A seven-story, seven-unit mixed-use building is now rising from that foundation, currently a single story above street level, Bowery Boogie reports. The latest building permits indicate the new structure will measure 26,788 square feet. The ground floor will host 2,193 square feet of retail space, followed by two units per floor on the second and third floors, full-floor units on the fourth and fifth-floors, and a penthouse on the sixth and seventh floors. The penthouse will feature two roof decks. The apartments, condominiums, will range from one- to four-bedrooms, averaging 3,514 square feet apiece. There will also be a seven-car automated parking garage in the cellar. Osaka, Japan-based Tadao Ando Architects & Associates is the design architect and Greenwich Village-based Gabellini Sheppard Associates is the executive architect. Sumaida + Khurana is the developer. Completion can probably be expected in 2017.


242 Broome Street

Foundation Work Underway for Essex Crossing’s 14-Story, 55-Unit Mixed-Use Building at 242 Broome Street, Lower East Side

Foundation work is now underway for the 14-story, 55-unit mixed-use building under development at 242 Broome Street (a.k.a. Site 1), located on the corner of Ludlow Street on the Lower East Side. The construction progress can be seen thanks to photos posted to the YIMBY Forums by user rbrome. The latest building permits indicate the new building will encompass 180,646 square feet. There will be 40,326 square feet of commercial-retail space across portions of the cellar through third floors. A bowling ally operated by Splitsville Luxury Lanes is expected to lease a significant amount of space. In addition, there will be 17,735 square feet of community facility space on the second through fourth floors. The space was once reserved for the Andy Warhol Museum, but plans for it have fallen through.



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