Extell Development has filed plans for a 13-story, mixed-use development at 501 Third Avenue, at the corner of 34th Street on the border between Kips Bay and Murray Hill.
The former flagship Toys “R” Us store closed last December, leaving vacant the three-story, 160,000-square-foot building at 1530 Broadway, located between West 44th and 45th streets in Times Square. Since then, work has been underway to…
DNA Development has acquired, for $37.2 million, the seven-story parking garage at 12 West 48th Street, located mid-block between Fifth and Sixth avenues in Midtown. The developer is planning to build an unspecified amount of boutique retail space, Real Estate Weekly reported. The 7,531-square-foot property can accommodate up to 90,372 square feet of mixed-use development as-of-right and is zoned for residential, commercial, and community facility space. If the developer follows through with a solely commercial building, up to 75,310 square feet of space can be built. New building applications haven’t been filed, although demolition permits were submitted in June. Completion is expected in early 2018.
The first preliminary renderings have been revealed of the planned mixed-use commercial conversion of the eight-story, 115,000-square-foot Coney Island Theater Building (a.k.a. Shore Theater), an individual landmark at 1301 Surf Avenue, located on the corner of Stillwell Avenue on Coney Island. PYE Properties currently plans to transform the property into retail space and a hotel, while restoring the existing theater, which has been rapidly deteriorating, to an entertainment venue, Brooklyn Daily reported. Office and community space may also be included, depending on the tenants that show interest. Alteration permits haven’t yet been filed with the Buildings Department. Since the building is a landmark, the Landmarks Preservation Commission must approved any exterior alterations. PYE acquired the Shore Theater in January for $20 million. The Coney Island-Stillwell Avenue stop on the D/F and N/Q trains is across the street.
Brooklyn-based property owner Leonid Pinkhasov has filed applications for a three-story, three-unit residential building at 8516 Avenue J, in Canarsie. The structure will measure 5,346 square feet and its full-floor residential units should average 1,388 square feet, indicative of family-sized configurations. Amenities include storage space in the cellar and three off-street parking spots. The 45-foot-wide, 4,827-square-foot property is partially occupied by a two-story, two-unit townhouse at 8514 Avenue J. The 1,977-square-foot building will be renovated as part of the project. Long Island City-based Carusone & Cherres Architects is the architect of record. The property was subdivided into two tax lots in May.