Financing has been secured for a new eleven-story conversion at 25-11 49th Avenue, in Long Island City, Queens. The site was sold to Normandy Real Estate Partners and Keystone Equities in September 2016 for $39.1 million, at over $200 per buildable square foot. The rendering reveals their plan is to refurbish the existing two-story facility, build up eight stories along half the extant area, while using the other half of the roof for green space.
Sales have commenced and listings have launched for 40 Bleecker Street, in NoHo. Simply dubbed ’40 Bleecker’, the new building will bring 61 new residential units to the neighborhood, which rarely sees developments of this scale.
Permits have been filed for an eight-story residential building at 1228 Washington Avenue in Morrisania, The Bronx. The site is thirteen blocks away from the 167th Street Subway Station, serviced by the B and D trains. The Daniel Group will be responsible for the development.
Permits have been filed for a six-story mixed-use building at 321 Franklin Avenue in Bedford-Stuyvesant, Brooklyn. The site is six blocks away from the Bedford-Nostrand Avenue Subway Station, serviced by the G. Citi General Hardware will be responsible for the development.
On Friday, YIMBY reported on the first DOB filings for a new tower at 30-36 East 29th Street, on the edge of Midtown South and NoMad. The Rockefeller Group is responsible for the site’s development, and today, we have the exclusive reveal of renderings for the future condominium building, which will feature an extremely striking design by CetraRuddy and a rooftop substantially above what’s indicated in the permits.