In September of 2015, Stellar Management acquired, for $12 million, the two-story, 7,500-square-foot commercial building at 130 Second Avenue. That’s located on the corner of St. Marks Place in the East Village. It has now been revealed that Stellar will renovate the existing building, formerly occupied by a Chase bank branch. It will become the headquarters of the currently TriBeCa-based non-profit art organization Swiss Institute, Curbed NY reported. Besides upgraded office space, new elements will include event spaces, a library, a bookstore, and a rooftop terrace. Selldorf Architects is designing the renovation and completion is expected in 2017.
Construction is now two stories above street level on the seven-story, 106-unit mixed-use building under development at 500 East 14th Street, on the corner of Avenue A in the East Village. The progress can be seen in a Curbed NY report. The entire project, which will include another seven-story, 54-unit component at 524 East 14th Street, will encompass 253,432 square feet, per the latest building permits. There will be 56,610 square feet of retail space on the ground and cellar levels between the two buildings. Over the summer, Target leased 42,367 square feet of space in the larger one. The residential units will be condominiums and should average 1,215 square feet apiece. Extell Development Company is the developer and Beyer Blinder Belle is behind the architecture. Completion is expected in 2017.
An anonymous Brooklyn-based LLC has filed applications for a six-story, 10-unit mixed-use building at 1104 Bedford Avenue, in western Bedford-Stuyvesant. The project will measure 11,627 square feet. It will host 519 square feet of retail space on the ground floor, followed by residential units averaging 1,111 square feet apiece. Since the apartments will be relatively large for new residential construction in that part of Brooklyn, condominiums are probably in the works. Amenities include laundry facilities, a recreation room, and storage space. Genaro R. Urueta’s Maspeth-based Studio Gallos is the architect of record. The 59-foot-wide, 5,577-square-foot property is currently occupied by a dilapidating single-story structure. Demolition permits were filed in August. The Bedford-Nostrand Avenues stop on the G train is four blocks away.
At the beginning of the year, an anonymous Brooklyn-based property owner filed applications for two three-story, six-unit residential buildings at 6-8 East 4th Street, in Windsor Terrace. Those plans have since been approved. Now, permits have been filed for two additional three-story, three-unit residential buildings to book-end the project, at 4 East 4th Street and 10 East 4th Street. The three-unit buildings will measure just under 4,400 square feet each, while the six-unit buildings will measure between 8,600 square feet and 8,800 square feet. Across all four, the units should average 1,105 square feet apiece, indicative of condominiums. There will be a total of 12 off-street parking spaces. Douglas Pulaski’s Brooklyn-based Bricolage Designs is the architect of record. The 8,560-square-foot lot is currently vacant and located three blocks from the Fort Hamilton Parkway stop on the F and G trains.
Construction has reached the 15th floor on the 80-story, 815-unit mixed-use tower under development at 252 South Street, in the Two Bridges section of the Lower East Side. The latest construction progress can be seen thanks to photos taken by Tectonic and posted to the YIMBY Forums. The most recent building permits indicate the tower, dubbed One Manhattan Square, will eventually rise 823 feet to its pinnacle and encompass 1,261,612 square feet. The ground floor will contain 23,167 square feet of retail space. The residential units, condominiums, will begin on the fifth floor. The apartments will come in one- to three-bedroom configurations and should average 1,364 square feet apiece. A separate 13-story, 205-unit component will contain exclusively affordable rental units. Extell Development Company is the developer and Adamson Associates Architects is behind the design. Completion is expected in 2019.