In February of this year, YIMBY reported on applications for a 15-story, 99-unit mixed-use building at 41-20 27th Street, in Long Island City, but now the developer, Rabsky Group, is planning to build an 18-story, 195-unit residential building, with a small 2,888 square-foot retail component on the ground floor. The Real Deal has renderings of the project, which is being designed by ODA Architecture. The building will measure 140,130 square feet, and its rental units will average 704 square feet apiece. Existing low-slung commercial buildings must first be demolished, and completion is expected in mid 2017.
It’s not every day that you see preservationists speak out against designating a new landmark, but that’s what happened on Thursday as the Landmarks Preservation Commission held a public hearing about designating Union Square Park a city scenic landmark. The LPC is continuing its process of dealing with its backlog of 95 items that have been on the calendar since before 2010. Thursday was the first day to deal with properties in Manhattan.
Back in 2013, the Teaneck, New Jersey Zoning Board of Adjustment granted a variance to build a seven-story, 128-unit apartment building at 1475 Palisade Avenue. Now the developer, The Family Office, has landed a $30 million construction loan to build the project, according to Real Estate Weekly. The building will sit atop a two-story, 256-car parking garage, and residential units will have one- to three-bedroom configurations. An estimated completion date has not been released.
Sheepshead Bay remains one of Brooklyn’s most affordable neighborhoods to buy a condo or co-op, and now a developer has filed plans for new condos there, at 1780 Sheepshead Bay Road.
Property owner Kaplan Ibraimovic has filed applications for a three-story, three-unit residential building at 35 Monroe Avenue, in St. George, on Staten Island. The little multi-family home will measure 2,256 square feet, and full-floor units will average a rental-sized 752 square feet apiece. Staten Island-based Frank Vaccaro is the applicant of record, and a recessed garage, originally associated with the neighboring residence, must first be demolished.