Property owner Shahin Badaly, doing business as an anonymous Mount Vernon, N.Y.-based LLC, has filed application for a four-story, 10-unit residential building at 1072 University Avenue, in Highbridge. The structure will measure 6,452 square feet, which means its residential units should average 645 square feet apiece, indicative of rental apartments. There will be two to three per floor. Mount Vernon-based SJBP Consulting Engineers is the applicant of record. The 27-foot-wide, 2,673-square-foot property is currently vacant. The site is located eight blocks from the 167th Street on the 4 train.
Since last fall, when façade work was wrapping up, construction on the 11-story, 106-unit residential building at 456 Washington Street, located on the corner of Watts Street in TriBeCa, has finished. The new building encompasses 186,054 square feet and is home to 106 luxury rental apartments, 22 of which will rent at below-market rates through the housing lottery. The apartments, averaging 1,330 square feet apiece, range from studios to five-bedrooms.
After entering into contract nearly a year ago, Extell Development has closed on the purchase of the single-story, 128,250-square-foot Gristedes grocery store at 350 East 86th Street, on the Upper East Side, for $93 million. The acquisition was funded with a $55 million mortgage, Commercial Observer reported. The developer also owns the neighboring four- and five-story tenement buildings at 1645-1651 First Avenue. Combined with the new acquisition, the 20,650-square-foot assemblage now supports 206,500 square feet of new mixed-use development up to 210 feet above street level. The developer is apparently planning a 20-story, 200-plus-unit condominium project at the site, although there aren’t many details on it. Demolition permits haven’t been filed for any of the Extell-owned properties, but Gristedes is expected to vacate the premises later this year.
North Williamsburg is one step closer to getting its first new office building in half a century. Yesterday, the full City Council approved a special permit with a new kind of industrial and commercial zoning for the eight-story project at 25 Kent Avenue.
In 2006, a doctor involved in a bitter divorce destroyed his four-story townhouse on the Upper East Side. The explosion also killed the doctor, earning him the nickname “Dr. Boom.” Now, there is a new approved proposal for what will fill the vacant lot.