In early 2015, the two-story expansion of the 11-story, 124-unit residential conversion project at 42-15 Crescent Street, in the Queens Plaza section of Long Island City, topped out, and later that year exterior construction largely wrapped up. World Wide Group is now acquiring the project from Meadow Partners for roughly $70 million, according to The Real Deal. World Wide will finish construction on the 111,000-square-foot building, which will have 7,596 square feet of ground-floor retail space. The apartments will be rentals and should average 761 square feet apiece. Amenities will include a lounge, bike storage, a gym, and rooftop recreational space. Avinash K. Malhotra Architects is designing. Completion is expected later this year.
Property owner Tiffany Tam, doing business as Staten Island-based Golden Stone Enterprise, has filed applications for a three-story, 6,000-square-foot multi-use commercial building at 1374 65th Street, in northern Dyker Heights, located four blocks from subway stops on the D and N trains. The ground floor of the new building will be entirely retail, the second floor will contain a children’s daycare center, and the third floor will have medical offices. Robert Palermo’s Brooklyn-based Corporate Design of America is the architect of record. The 50-foot-wide plot of land is currently occupied by a two-story brick house. Demolition permits have not yet been filed to knock it down.
Property owner Franc Gjini has filed applications for a four-story, 11-unit residential building at 3430 Third Avenue, in Morrisania, located on the block between East 166th and 167th streets. The development will measure just 6,518 square feet in total and its residential units will average 593 square feet apiece, indicative of small rental apartments. The ground floor will host two apartments and the floors above will contain three apartments each. Pelham, N.Y.-based Fred Geremia Architects & Planners is the architect of record. The 25-foot-wide lot has long been vacant.
Property owner Daniel Wise, doing business as an anonymous LLC, has filed applications for a six-story, five-unit mixed-use building at 193 Henry Street, on the Lower East Side, located two blocks from the East Broadway stop on the F train. The development will encompass 8,610 square feet and would replace a dilapidated four-story, 25-foot-wide townhouse, for which demolition permits were recently filed. There will be 1,355 square feet of ground-floor retail space and a small 384-square-foot medical office in the cellar. The full-floor residential units begin on the second floor and will average a specious 1,374 square feet apiece, indicative of condos. The structure will be topped by a rooftop terrace and recreation space. Think Architecture and Design is the architect of record.
The New York City Economic Development Corporation (NYCEDC) has launched a Request for Proposals (RFP) for two city-owned development sites adjacent to each other, which total 4.5 acres, at 5-40 44th Drive and 4-99 44th Drive. Politico New York reports that the city is looking for developers to build “at least 300,000 square feet of commercial office or light manufacturing space, up to 1,000 apartments, a school, and a small park.” The site is currently located in a manufacturing district but would be rezoned for a mixed-use project. It currently consists of a single-story Department of Transportation facility, a surface parking lot, and a restaurant (which has a lease that expires in 2017). Proposals are due by May 26, 2016.