In 2014, investors Issac Chetrit and Charles Aini acquired, for $268 million, the 24-story, 415,000-square-foot multi-use commercial building at 1412 Broadway and the three-story, 7,000-square-foot retail property at 1420 Broadway. The buildings are located at the corner of West 39th Street. Now, the property owners have disclosed plans to redevelop the three-story retail building into a roughly 15-story, 80-key hotel, The Real Deal reported. The 2,286-square-foot property can accommodate up to 34,290 square feet of commercial development. The existing property is triple-net leased through 2020, which means construction won’t begin until the lease expires and the tenants vacate the premises. The eventual hotel building will connect to the retail component of 1420 Broadway through the ground floor. Plans have not yet been filed with the Buildings Department.
Orrie Shoshani, doing business as an anonymous Bronx-based LLC, has filed applications for a five-story, eight-unit mixed-use building at 582 East 138th Street, in Mott Haven, located two blocks from the Brook Avenue stop on the 6 train. The structure will encompass 10,322 square feet and will feature 2,500 square feet of retail space on the ground floor. Residential units will begin on the second floor and should average 625 square feet apiece, indicative of rental apartments. Oscar M. Fuertes’ Bayside-based OMF Architecture is the architect of record. The 25-foot-wide, 2,500-square-foot lot is currently vacant.
Brooklyn-based Xiaofeng Realty Development has filed applications for a three-story, six-unit residential building at 1060 66th Street, in Dyker Heights, located six blocks from the Fort Hamilton Parkway stop on the N train. The structure will measure 7,400 square feet and its residential units should average 900 square feet apiece, which means either rentals or condominiums could be in the works. Maspeth-based Angelo Ng & Anthony Ng Architects Studio is the architect of record. The 40-foot-wide, 4,000-square-foot lot is currently occupied by a two-and-a-half-story house. Demolition permits have not yet been filed.
Property owner David Mosseri has filed applications for a four-story, six-unit residential building at 1048 Jefferson Avenue, in eastern Bushwick, located around the corner from the Halsey Street stop on the J train. The structure will measure 6,000 square feet and will rise on an narrow 18-foot-wide, 1,800-square-foot lot. Its residential units should average 690 square feet apiece, which means rental apartments are in the works. There will be two units per floor on the ground and second floors, followed by two units spanning across both the third and fourth floors. David Nagan’s Fresh Meadows-based King David Architecture is the architect of record. The property is currently occupied by a boarded-up two-story townhouse. Demolition permits have not yet been filed.
Back in 2012, Clipper Equity and the Chetrit Group acquired, from the Jehovah’s Witnesses for $81 million, the 14-story Bossert Hotel building at 98 Montague Street, in Brooklyn Heights. It has since been undergoing a conversion back to the structure’s original use as a hotel, and now it has been revealed that the the building will open on October 1, the Brooklyn Daily Eagle reported. Re-dubbed Esplendor Bossert Brooklyn, it will be operated by Fën Hotels. The latest building permits indicate there will be 279 hotel rooms. It will feature a 1,997-square-foot restaurant on the first floor, a 2,995-square-foot lobby café, and a 2,300-square-foot restaurant on the 14th floor. The rooftop terrace will measure 1,922 square feet and will be utilized by the restaurant. New York-based Gwathmey Siegel Kaufman + Associates Architects (GSKA) is behind the design of the renovation. The building sits within the Brooklyn Heights Historic District.