Springhouse Partners has acquired, for $55 million, the six-story, 56-unit mixed-use building at 51 Irving Place, located on the corner of East 17th Street in Gramercy. The 42,502-square-foot property contains about 10,000 square feet of commercial space, which is currently split between five retail units and a single office unit. The residential units above are rental apartments, most of which are market-rate. The new owners plan to conduct renovations, according to The Real Deal. Work will include upgrades to the façade and interiors, and the addition of residential amenities. The apartments will remain as rentals. The property could also accommodate a small expansion, as it contains 5,000 square feet of air rights, although such plans to build an expansion are not known. Springhouse Partners recently secured a $37 million mortgage to finance the acquisition.
Back in March, renderings were revealed of the 15-story, 43-unit residential building under development at 41-32 27th Street, in the Queens Plaza section of Long Island City. Now, foundation work is nearly complete, The Court Square Blog reports, which means the structure can begin rising above street level. The new building, dubbed Steel Haus, will encompass 43,808 square feet upon completion. Its residential units, which will be rental apartments, should average 800 square feet apiece. Amenities include a fitness center, storage space for 23 bikes, private residential storage, and a rooftop recreational area. The Hakimian Organization is the developer, with ARC Architecture + Design Studio serving as the architect. David Howell Design is in charge of designing the interiors. Completion is expected in early 2017.
Midtown-based Badillo Partners has filed applications for a three-story, 29,164-square-foot church, to be operated by Iglesia Pentecostal El Calvario, at 114 Suydam Street, in Bushwick, located two blocks from the Central Avenue stop on the M train. It will feature a lobby, an assembly room, classrooms, and a kitchen on the ground floor, followed by a house of worship, classrooms, and offices on the second floor, and finally meeting rooms, offices, and a rectory on the third floor. Peter Bafitis’s Chelsea-based RKTB Architects is the architect of record. The church’s former two-story building was demolished in January.
Rockrose Development is taking over Long Island City, and today, YIMBY has fresh renderings for the firm’s newly-topped-out 50-story tower at 43-25 Hunter Street, which has been named Hayden.
It’s been a while since we checked in on Time Equities’ project at 50 West Street, dubbed simply 50 West, in the Financial District. The 64-story, 780-foot-tall building topped out back in the fall of 2015, but work has been going on since winter 2014. Now, we have an exclusive time-lapse of its construction, produced by EarthCam.