Back in August of 2015, Quality Capital and Caerus Group acquired, for $60 million, the two four-story, mixed-use buildings at 827-831 Broadway, located between East 12th and 13th streets in Greenwich Village. Now, the developers have filed applications for a 14-story, 84,108-square-foot multi-use commercial building at the site. The building will stand 289 feet above street level. It will feature retail space across parts of the cellar through third floors, 6,394 square feet of medical office space on parts of the second and third floor, and office space on the fourth through 14th floors. Amenities will include storage space on the cellar, a terrace on the fourth floor, and a rooftop terrace. The existing buildings, which together measure 36,500 square feet, include retail on the bottom two floors and apartments on the upper two floors. Chelsea-based CD3 Architecture is the architect of record. Demolition permits have not yet been filed.
Hong Kong-based Gemini Investments is in contract to acquire the single-story, 14,000-square-foot commercial building at 531-537 Sixth Avenue and the four-story mixed-use building at 539 Sixth Avenue, in southern Chelsea. The investment firm is paying $53 million for the assemblage, according to The Real Deal. The properties are located at the corner of West 14th Street, and if both existing buildings are demolished, the site can accommodate up to 60,566 square feet of mixed-use development. The single-story building is currently vacant, although the four-story mixed-use building is occupied by a retail tenant and a few residential units. Plans for the site have not been disclosed. Neither demolition permits nor new buildings applications have yet been filed.
Property owner Raymond Masucci, doing business as an anonymous Staten Island-based LLC, has filed applications for two three-story, two-family houses at 211-215 Raritan Avenue, in Dongan Hills, located on Staten Island’s East Shore. One will measure 3,874 square feet and the other will measure 3,900 square feet. Across both, the the full-floor apartments should average a family-sized 1,236 square feet apiece. Staten Island-based Calvanico Associates is the architect of record. According to the Buildings Departments, a single-story house on the 94-foot-wide plot of land was demolished in March. The project is located six blocks from the neighborhood’s Staten Island Railway station.
Back in 2014, Hidrock Realty Inc. acquired, for $47 million, the collection of five- and six-story commercial buildings at 12-14 East 48th Street and 13 East 47th Street, in Midtown, located between Fifth and Madison avenues. At the time, the developer planned to construct a residential tower, but new building applications have now been filed for a 31-story, 161-key hotel. The building will measure 115,924 square feet in its entirety and will contain ground-floor retail space. The hotel rooms will be located on the third through 29th floors, and guest amenities are to include a courtyard on the ground floor, a fitness center, a lounge with a pantry, storage for bikes, and a terrace on the second floor. Financial District-based Handel Architects is the architect of record. The permit indicates the seven-story commercial building at 16 East 48th Street is also part of the development assemblage. Demolition permits are currently on file for the buildings at 12-14 East 48th Street and 13 East 47th Street.
Sam Chang’s Great Neck, N.Y.-based McSam Hotel Group has closed, for $27.1 million, on a 99-year ground lease of the 7,454-square-foot property at 523-529 Eighth Avenue, in the Garment District section of Midtown. Located on the corner of West 36th Street, the lot is currently occupied by a single-story, 7,400-square-foot retail building with five commercial units, according to The Real Deal. The site can accommodate up to 74,540 square feet of commercial development. Neither demolition permit nor new building permits have yet been filed with the Department of Buildings. It’s not known when the tenants’ leases expire, and plans for the site have not been disclosed. The property owner is Joseph P. Day Realty Corporation.