Downtown

19 East Houston Street

Developers Close on Acquisition of 19 East Houston Street, Site of Approved Six-Story Commercial Project, SoHo

10:00 am on May 27, 2016 By Reid Wilson

Back in October of 2014, developers of the planned six-story, multi-use commercial building at 19 East Houston Street, in SoHo, met with city and community officials and agreed to limit the project’s retail space to under 10,000 square feet, as well as widen the sidewalk. That was after the City Planning Commission already approved the proposal with more retail in August of 2014. Last week, Madison Capital and Vornado Realty Trust closed on the purchase of the triangular, 6,174-square-foot development site for $25.8 million from the New York City Economic Development Corporation (NYCEDC), the Wall Street Journal reports. The latest building permits indicate a 98-foot-tall, 41,267-square-foot building is planned. The commercial space will be broken up between 11,500 square feet of retail space on the cellar through second levels, and 22,751 square feet of boutique office space on the third through sixth floors.

Read More
21 East 12th Street

Complete Models Revealed of 22-Story, 52-Unit Mixed-Use Tower Planned at 21 East 12th Street, Greenwich Village

6:30 am on May 27, 2016 By Reid Wilson

Back in March of 2016, YIMBY brought you the first renderings of the 22-story, 52-unit mixed-use building planned at 21 East 12th Street (a.k.a. 100 University Place), in Greenwich Village. Now, complete models of the building, crafted by Radii Inc., have been posted to the YIMBY Forums. The new tower will encompass 122,272 square feet. There will be 13,075 square feet of retail on the ground and cellar levels, in addition to 1,050 square feet of community facility space also on the street level. The residential units, which will be condominiums, should average 2,076 square feet apiece. Amenities include a parking garage in the sub-cellar, storage for 27 bikes, a fitness center, a lounge, and an outdoor terrace on the second floor. William Macklowe Company is the developer, while Annabelle Selldorf Architects is designing the building. SLCE Architects is serving as the architect of record. The site’s former four-story building was demolished earlier this year.

112-120 East 11th Street

85,000 Square-Foot, 300-Key MOXY Hotel Planned At 112-120 East 11th Street, East Village

2:00 pm on May 25, 2016 By Reid Wilson

This morning, we had hotel news for you. Now, we have more. In April, Lightstone Group acquired, for $127 million, a six-building, 181-unit residential portfolio for that comprises of 112-120 East 11th Street and 85 East 10th Street, in the East Village. The developer is currently planning to build a 85,000-square-foot, roughly 300-key boutique hotel at 112-120 East 11th Street, according to The Real Deal. Marriott International’s MOXY Hotels will be the operator. The five-story buildings at 112-120 East 11th Street currently contain 75 residential units across five buildings and are expected to be demolished. The other six-story, 106-unit building at 85 East 10th Street will remain and is expected to be sold off. The April acquisition was financed with an $85 million loan. The five apartment buildings at 112-120 East 11th Street represented $52.1 million, while the six story property at 85 East 10th Street traded for $75.4 million.

45 Broad Street

64-Story, 1,115-Foot-Tall Mixed-Use Tower at 45 Broad Street Will Have 150 Residential Units, Financial District

6:00 am on May 20, 2016 By Reid Wilson

Earlier this week, YIMBY brought you a new rendering of the mixed-use supertall tower planned at 45 Broad Street, in the Financial District, but now new building applications have been filed with the Department of Buildings. The 371,634-square-foot tower, which has been marketed as 86 stories, will actually have 64 real floors and will stand 1,115 feet above street level. It will also have 150 residential units, which is significantly less than the previous figure of 245. The apartments should average 1,394 square feet apiece, indicative of condominiums, and units will come in studio to three-bedroom configurations. There will also be 48,077 square feet of office space on the third through eighth floors. The project’s 20,000 square feet of amenities will be located on three sub-cellar levels and the ninth through eleventh floors. Madison Equities, Pizzarotti-IBC, and AMS Acquisitions are the developers, and CetraRuddy is behind the design. Excavation is expected to begin later this year, with completion of the tower scheduled for 2018.

Fetching more...