Redsky Capital is planning to conduct renovations on the two-story, 27-unit mixed-use building at 159 North 3rd Street and 158-170 North 4th Street, in Williamsburg, located four blocks from the Bedford Avenue Station on the L train. The property owner recently secured a $19 million loan to refinance debt and to fund the project, according to Commercial Observer. Ground-floor retail space totals 48,860 square feet, while 27 rental apartments currently spread across 25,510 square feet of residential space on the second floor. Roughly 21,000 square feet of retail is vacant, although the entire block-thru building is expected to receive renovations and upgrades. Current retailers in the building include a Foodtown supermarket, and the restaurants Umani Burger, Sweetgreen, and by CHLOE.
It was over two years ago that we first saw a rendering of the mixed-use building under construction at 55 West 17th Street, between Fifth and Sixth avenues in Chelsea. Much has been done since then, and now the bulk of building’s façade is visible. YIMBY got to step inside the project, designed by Morris Adjmi, on Wednesday.
Development is booming in the borderlands between Long Island City and Astoria, and today, YIMBY has a rendering for a mixed-use apartment building planned beneath the elevated subway tracks on 31st Street, not far from Kaufman Astoria Studios and the Museum of the Moving Image. The seven-story project will rise at 36-31 31st Street, half a block from the 36th Avenue stop on the N and Q trains.
An architect and his wife are finally planning to renovate a crumbling and long-vacant townhouse at 57 West 130th Street in Harlem.
Back in January of 2014, the Landmarks Preservation Commission approved the eight-story, five-unit mixed-use project at 372 Broadway, in TriBeCa. Construction began on the building’s conversion in early 2015, and now YIMBY has new details and never-before-seen renderings of the condominium project, which goes by Six Cortlandt Alley. Curbed NY was the first to report on the project’s sales launch.