Northern Long Island City is on its way to getting a new residential building, made out of an old commercial one. We have photos of the work underway at 33-01 38th Avenue, courtesy of an alert reader.
A thrift store just moved into a warehouse at 387 Bushwick Avenue, across from Bushwick Houses in East Williamsburg, but it may not be there for long. The thrift store and two neighboring buildings will likely bite the dust for a seven-story apartment building.
Filings for new construction in Jamaica, Queens, have dropped off since the 421-a tax exemption expired in January. But one optimistic developer has taken the plunge and filed plans for a mixed-use building at 177-14 Wexford Terrace, on the southern edge of Jamaica Estates.
TCX Development is planning a 15-story, 72-key hotel at 92-18 150th Street, located at the corner of Archer Avenue in downtown Jamaica, strategically located two blocks from the Jamaica Center-Parsons/Archer Station on the E/J/Z trains and five blocks from the Jamaica hub station on the Long Island Rail Road. The project, which does not currently have new building applications with the city’s Department of Buildings, should measure 35,000 square feet, with hotel rooms averaging 250 square feet apiece, Commercial Observer reports. It will feature a 2,000-square-foot rooftop bar and a 1,500-square-foot restaurant. ARC Architecture + Design Studio is responsible for the design. The developer has already demolished the site’s single-story predecessor. TCX acquired the site for $1.7 million in August of 2015.
Bluestone Group, Altmark Capital, and Princeton Holdings have acquired, for $14.1 million, the six-story, 84,650-square-foot industrial building at 780 East 135th Street, in Port Morris, located five blocks from the Cypress Avenue stop on the 6 train. The previous owner was using the building as a storage facility, although the property is being delivered vacant. The new owners are considering converting it into creative office space or artists’ lofts, according to Commercial Observer. The exact plans for the structure have not yet been finalized or official disclosed.