Extell Development and The Carlyle Group have sold two development sites within the Riverside Center mega-development, in Lincoln Square, to GID Development for $264.865 million. The properties include 10 Riverside Boulevard and 639 West 59th Street, and the previous developers have already filed applications for residential buildings. Earlier this year, YIMBY reported on plans for a 36-story, 288-unit building at 10 Riverside. And over the summer, we brought you news of plans for a 34-story, 244-unit residential building at 639 West 59th Street. Both buildings will have small retail components, and Goldstein Hill & West Architects is the architect of record. Commercial Observer was the first to report on the sale.
Chaverim Realty Corp. has filed applications for a five-story, 10-unit residential building at 37 Montrose Avenue, in southern Williamsburg, three blocks north of the Lorimer Street stop on the J and M trains. The structure will measure 7,435 square feet, which means units will average a rental-sized 744 square feet apiece. The project will also feature 320 square feet of rooftop recreation space. Boaz Golani’s Bronx-based BMG Design Build is the applicant of record, and the existing single-story warehouse was filed for demolition this past October.
Mordechai Schwimmer has filed applications for a four-story, seven-unit residential building at 1362 54th Street, in central Borough Park, located right around the corner from 55th Street stop on the D train. The structure will measure 7,333 square feet in total, which means units will average a family-sized 1,048 square feet apiece. Diego Aguilera’s Rego Park-based architecture firm is the applicant of record. Demolition permits were recently filed to take down the existing 2.5-story, two-unit brick house.
Property owner Shan Lin has received permits to build two, three-story residential buildings at 37-17 – 37-21 98th Street, in North Corona, three blocks from the Junction Boulevard stop on the 7 train. Each will measure 4,071 square feet and boast two relatively large units. One unit will occupy the ground floor of each structure, while the second unit will span the second and third levels. Robert Lin’s Flushing-based A&T Engineering is the applicant of record. Each lot’s former two-story wood-framed house was demolished this past summer.
The Neo-Gothic high-rise at 212 Fifth Avenue has occupied a wedge-shaped plot just north of Madison Square Park since 1912. It once held furniture and garment manufacturers, who had their offices on the upper floors and massive showrooms on the lower ones. Now, Madison and Thor Equities are converting the 24-story building to condos, and they’re restoring the landmarked limestone facade and cornices in the process. YIMBY recently toured the property and got a close-up look at the restoration.