Great Neck-based Mayflower Business Group has acquired the two five-story tenement buildings at 317-319 West 35th Street, in the Garment District section of Midtown, for $28 million. The new owner is planning to demolish the existing buildings and construct a new building, according to The Real Deal. The 4,937-square-foot site could accommodate 49,370 square feet of development rights, although Mayflower has the option to purchase an additional 10,000 square feet of air rights from the city. A residential building, a hotel, an office building, or a mixed-use project could be built at the site. Demolition permits were filed in March. Combined, the buildings contain 24 rental apartments and four commercial-retail units.
In September of 2015, construction was underway on the St. Nicholas Greek Orthodox Church planned on the eastern end of the also-under-construction, one-acre Liberty Park, located on the southern end of the World Trade Center complex, in the Financial District. Now, construction on the rest of Liberty Park, which is elevated 25 feet above street level, is nearly complete, DNAinfo reports. The new park will feature landscaped greenery, plantings, seating and benches, and a 300-foot-long “Living Wall” along its northern base wall. Opening is expected some time this summer. As for the church, being designed by Santiago Calatrava (who also designed the World Trade Center Transportation Hub), construction is expected to last into 2017. The Port Authority of New York & New Jersey is behind the project.
In March, the Empire State Development Corporation (ESD) withheld approval for the two-tower, mixed-income residential project at Pier 6 in Brooklyn Bridge Park, located in southern Brooklyn Heights. The city selected RAL Development and Oliver Realty Group, with ODA New York as the architect, to develop a 29-story, 192-unit condominium building and a 14-story, 147-unit mixed-use rental building with 117 below-market-rate apartments, a preschool, a 930-square-foot retail component, and 1,500-square-foot community facility. Now, the ESD is withdrawing from the project, entirely over concerns regarding ties between the developers and the administration of Mayor Bill de Blasio, Politico New York reports.
It was just over a month ago that developer Ian Schrager broke ground on his West Village condo project 160 Leroy. On Tuesday evening, he invited guests to come check out the views from another project of his – the hotel and condos under construction at 215 Chrystie Street, in Bowery.
Boaz Gilad has become one of the most prolific developers in central Brooklyn, and today we have a look at his latest project, a seven-story residential building planned for 925 Atlantic Avenue in Clinton Hill.