Manhattan-based developer Gary Vinbaytel, doing business as an anonymous LLC, has filed applications for a six-story, five-unit residential building at 245 East 53rd Street, in Midtown East. The structure will measure 12,484 square, which means the residential units should average a spacious 1,995 square feet apiece, indicative of condominiums. The first unit will span part of the cellar level and the ground and second floors, followed by a full-floor apartments on floors three through five. The sixth floor and an upper penthouse level will contain the final unit. Roman Sorokko’s Little Neck, Queens-based Versatile Engineering is the applicant of record. The 25-foot-wide, 2,510-square-foot lot is vacant.
Bawabeh Realty Holdings, with the Co-op School, are planning to redevelop the single-story retail building at 644 Gates Avenue, in the heart of Bedford-Stuyvesant, into a three-story, 30,000-square-foot school. The existing structure will be gut-renovated and expanded two stories, according to Crain’s. It will have enough classrooms for 250 middle school students, plus it will have a library, an auditorium, a music room, and an 8,000-square-foot rooftop recreational area with a garden. The Co-op School has already leased the space from Bawabeh, the property owner. A Family Dollar must first vacate the property, and the new building is expected to open in 2018.
HFZ Capital is planning to convert the Belnord – a 13-story, 218-unit rental building at 225 West 86th Street, on the Upper West Side – into 213 condominium units. The developer recently filed their plans with the Attorney General’s office and expects the future condominiums to be worth a total $1.3 billion, according to The Real Deal. HFZ acquired the residential portion of the block-encompassing building – bound by West 86th and 87th streets, Broadway, and Amsterdam Avenue – for $575 million last year. The ground-floor sections contain retail space and will be left untouched. The property is an individual landmark (and is also listed on the U.S. National Register of Historic Places), which means any exterior alterations must be approved by the Landmarks Preservation Commission.
Flushing-based Marx Development Group reacquired, for $35 million, the development assemblage at 450 Eleventh Avenue, located on the corner of West 37th Street in the Hudson Yards District, in 2013. Since then, the developer purchased 35,550 square feet of development rights for $7 million, and now new details of the planned hotel have been revealed by The Real Deal. Planned is a 42-story, 440-key Starwood Hotels & Resorts Worldwide hotel. The tower will measure roughly 213,300 square feet and will feature 3,000 square feet of ground-floor retail space. DSM Design Group is designing the project. Groundbreaking is expected later this year, and opening is slated for 2019. Two low-slung commercial buildings – at 448-452 Eleventh Avenue – must first be demolished.
One of New York City’s most magnificent public spaces will be getting some upgrades. On Tuesday, the Landmarks Preservation Commission approved changes to the atrium of the Ford Foundation Building at 320 East 43rd Street.