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.
Miller Realty Associates has filed applications for a five-story, five-unit residential building at 353 20th Street, in South Slope. The project will measure 8,297 square feet and its full-floor units should average 1,263 square feet apiece, which means condominiums are likley in the works. TriBeCa-based Kutnicki Bernstein Architects is the architect of record. The 31-foot-wide, 3,175-square-foot property is occupied by a two-story townhouse. Demolition permits have not been filed. The 15th Street-Prospect Park stop on the F and G trains is seven blocks away.
Bradley Associates of Staten Island Inc. has filed applications for two three-story, two-family houses at 16-18 Oakley Place, in New Dorp, on Staten Island’s East Shore. The houses will each measure 4,742 square feet and 3,759 square feet, respectively. Across both, the residential units should average 1,498 square feet apiece, indicative of family-sized configurations. Joseph M. Morace’s Staten Island-based architecture firm is the architect of record. The 10,000-square-foot site’s two-story predecessor was demolished earlier this month. The New Dorp stop on the Staten Island Railway is six blocks away.
The federal government is finally cleaning up the Gowanus Canal, and the Lightstone Group has just finished a 12-story rental building along the banks of the heavily contaminated waterway. Now the city has kicked off a long-awaited rezoning study for the industrial area around the canal, but officials offered few guarantees or timelines for the new zoning.
Out in the borderlands between Bedford-Stuyvesant, Crown Heights, Brownsville, and East New York, there’s a working class, largely black neighborhood called Ocean Hill. A small new development is headed to the area at 2353 Dean Street, between Rockaway Avenue and Eastern Parkway.