The city has announced it will open two business hubs totaling 100,000 square feet this summer as part of its UrbanTech NYC program, according to Crain’s. One of them will be a 50,000 square-foot building in the Brooklyn Navy Yard, dubbed New Lab. The facility, which is currently being renovated, will offer affordable commercial rents to companies in search of office and/or manufacturing space. The other 50,000 square-foot location is at Grand Central Terminal, and companies will have to apply and then be selected to lease space. Macro Sea is developing – and designing in-house – the Brooklyn Navy Yard’s facility, and the New York City Economic Development Corporation (NYCEDC) is behind the initiative.
The Midtown-based Hakimian Organization has sign a 99-year ground lease for the two-story, 22,254-square-foot commercial building at 44-16 23rd Street, in the Court Square section of Long Island City. The developer is planning to gut-renovate the property and redesign the exterior, according to The Real Deal. JRT Realty Group, who will be leasing the space, is considering a restaurant, retail, a gym, or office space, depending on the anchor tenant. The property owner is 44-16 23rd Operating Company.
Bronx-based Esha Group has filed applications for four, small three-story residential buildings at 2100-2106 Powell Avenue, in the East Bronx’s Unionport neighborhood, located five blocks from the Parkchester stop on the 6 train. Two of the buildings will measure 3,363 square feet and have three units each, while the other two will measure 2,509 square feet and contain two units each. Across the entire development, residential space will total 8,902 square feet and individual units will average 890 square feet apiece. Akeeb Shekoni’s Long Island-based Askon Architects is the architect of record. An existing three-story building on the corner of Olmstead Avenue must first be demolished.
The Jackson Group and A&H Acquisitions have sold the 1,630 square-foot development site at 71-53 Austin Street, in Forest Hills, to Austin Prop LLC for $8.7 million. According to Commercial Observer, the Little Neck-based investor plans to build a commercial building with a ProHealth urgent care medical facility. The vacant site can accommodate a new development of up to 20,000 square feet, although it appears a 12,000 square-foot building is planned. ProHealth signed a lease to occupy 75 percent of the project back in 2013. The site is located three blocks from the Forest Hills – 71st Avenue stop on the E, F, M, and R trains.
Guy Iber, doing business as an anonymous Brooklyn-based LLC, has filed applications for four three-story, three-family residential buildings at 188-21 – 188-27 Woodhull Avenue, in Hollis, located three blocks from the neighborhood’s Long Island Rail Road station. Each structure will measure 5,207 square feet, although the residential space across the entire development will add up to 15,624 square feet. That means full-floor units will average a family-sized 1,302 square feet apiece. Akeeb Shekoni’s Queens-based Askon Architects is the architect of record. Permits were filed last September to demolished the existing two-and-a-half-story house.