Somerset Partners is renovating the single-story commercial building at 2430 Third Avenue, on the corner of East 134th Street in Mott Haven, into a coffee shop. According to DNAinfo (h/t Curbed NY), the NYC-based coffee chain Filtered Coffee, co-owned by Karen Paul and Aaron Baird, will operate the new café. Both the interior and exteriors of the structure are being renovated and repurposed. New entrances are being added in addition to a skylight, per the latest filing with the Department of Buildings. Vladimir Constant’s NoMad-based The Hudson Group is the applicant of record, although Barcelona-based Alonso Balaguer is designing the project. The shop’s grand opening is scheduled for April 2.
When YIMBY last reported on the 23-story, 120-unit mixed-use rental project at 56 Fulton Street, between Cliff and Gold streets in the Financial District, $61.75 million in financing had just been landed. That was back in December of 2014. Today, we can report actual construction progress. A photo sent to us by a reader shows the work being done, and that work has reached the second floor.
New building applications were filed yesterday for a seven-story apartment building with ground floor retail at 701 Washington Avenue, on the eastern, Crown Heights side of the commercial thoroughfare.
Uncertainty over the future of the 421-a tax abatement is driving developers to focus on condos and commercial projects, because rentals are hard to finance without the tax break. Yesterday’s crop of filings brought yet another application for a small commercial building in Lower Manhattan. Milwaukee restaurateur and former Soho bar owner Karl Kopp filed plans for a seven-story retail project at 277 Mott Street, between Houston and Prince Streets in Nolita.
YIMBY last checked in on the 65-story, 268-unit residential tower being built at 252 East 57th Street, in Midtown East, back in October of 2015, when the structure topped out at 715 feet above street level. Since then, glass installation has been rapidly underway to encapsulate the residential interiors, which will eventually contain a total of 93 condominiums and 175 rental apartments. YIMBY now has close-up renderings of the 632,828-square-foot tower.