Earlier this month, Bonjour Capital entered into contract to purchase, for roughly $140 million, the 37-story, 265-unit rental apartment tower at 1735 York Avenue, located on the corner of East 90th Street, in the Yorkville section of the Upper East Side. The future owner is planning to renovate and rebrand the residential tower, currently dubbed the Hamilton, as the Serrano. Renderings of the renovation have now been revealed by The Real Deal. It appears upgrades will be made to the lobby and the amenity areas. Existing amenities in the 280,0000square-foot building include tenant services, a fitness center, an outdoor patio, a rooftop deck, a children’s playroom, and a greenhouse. Bonjour Capital recently secured $104 million in financing for the acquisition. The tower was built in 1986 by Glenwood Management.
The four-story tenement buildings at 1154-1156 Dekalb Avenue, in central Bushwick, are now being renovated into a 100-bed, male-exclusive homeless shelter, according to DNAinfo. Occupants of the homeless shelter are expected to live there for an average of nine months. After two years, the building will be turned into a permanent supportive housing facility, per the New York City Department of Social Services. The Neighborhood Association for Inter-Cultural Affairs will operate the homeless shelter. Damon House, the owner of the buildings, operated a drug treatment facility on the property until the facility’s closure in January. The structures are currently vacant. A deed restriction on the properties requires that they be used for homeless New Yorkers.
A piece of old New York is set to be replaced by something new. On Tuesday, the Landmarks Preservation Commission approved a proposal to demolish the three-story structure at 25 Bleecker Street and replace it with a six-story (plus penthouse) mixed-use building with three residential units.
Last fall, DNAinfo reported Lambert Houses, a sprawling subsidized housing project in the West Farms section of the Bronx, would be demolished and replaced with new affordable housing. Now, those plans are coming to fruition, and new building applications have been filed for 18 stories of apartments at 984 East 180th Street.
On Tuesday, the Landmarks Preservation Commission approved a proposal to convert a piece of the Greenpoint Savings Bank site at 807 Manhattan Avenue to residential use. The site is also bound by Cayler Street and Lorimer Street and sits in the Greenpoint Historic District.