Since it was entirely below-grade back in January, construction is now up to the seventh floor on the 33-story, 270-unit mixed-use building planned at 120 Nassau Street (a.k.a. 199 Jay Street), in Downtown Brooklyn. The latest photo is courtesy of Tectonic, who posted it to the Forums. The latest building permits indicate a 313,093-square-foot, 425-foot-tall structure is in the works. It will include retail space on the ground floor, office space on parts of the second through eighth floors, and residential units across the rest of the second through eighth floors, as well as the 10th through 32nd floors. The units should average 854 square feet apiece, indicative of rental apartments. A slew of amenities will accommodate the apartments. The Clarett Group is the developer and Woods Bagot is behind the architecture. Completion can probably be expected in 2017 or 2018.
Demand for new retail and office space is rising across Brooklyn, from tony waterfront neighborhoods like Williamsburg to middle-class immigrant enclaves in the southern part of the borough. Down on Kings Highway in Sheepshead Bay, a five-story retail and office development is in the works.
A few years ago, a piece of the Palisades along River Road in North Bergen, New Jersey was cut back to prepare for new development. From south to north, a Starbucks Coffee, Bank of America, and Walgreens are already open. Just beyond them, a new residential development is now only months away from completion.
Staten Island-based property owner Michael Calabrese has filed applications for a three-story, six-unit residential building at 2159 83rd Street, in southern Bensonhurst. The project will measure 10,080 square feet and its residential units should average 1,249 square feet apiece, indicative of condominiums. There will be six off-street parking spaces. Douglas Pulaski’s Brooklyn-based Bricolage Designs is the architect of record. The 60-foot-wide, 6,000-square-foot property is currently occupied by a two-story, multi-family house. Demolition permits were approved in July. The Bay Parkway stop on the D train is four blocks away.
Media billionaire Sean Parker, of Naptster fame, has acquired, for an undisclosed amount, the five-story townhouse at 36 West 10th Street, in Greenwich Village. Parker also currently owns the five-story townhouse at 38 West 10th Street and the three-story townhouse at 40 West 10th Street. He plans to combine the three properties into a single-family mansion, the New York Post reported. The townhouse in the latest acquisition is currently under renovation and was set to be marketed for roughly $22 million. The assemblage is located within the Greenwich Village Historic District, which means the Landmarks Preservation Commission must approve any exterior alterations.