The four-story, 24,000 square-foot commercial building at 5018-5024 4th Avenue, in Sunset Park, has been purchased by developer Congregation Imrei Yehudah for more than $7.5 million. According to the Brooklyn Daily Eagle, the new owner plans to convert the vacant building into residential units or office space. The 6,400 square-foot lot also contains 2,880 square feet of air rights, which could go towards expanding the building. It’s conveniently located three blocks north of the 53rd Street stop on the R train.
RFR Realty’s 63-story, 94-unit luxury residential tower at 100 East 53rd Street has been rising since early last year, with in-depth renderings of it being revealed later that fall. The tower has since topped out at 711 feet above street level, according to Curbed. Units will come in one-, two-, three-, and four-bedroom configurations, and one of the two four-bedroom duplexes will be a 6,517 square-foot penthouse. The first two floors will house a food court and a restaurant, and floors three and four will host amenities. Hines and Vanke are partnered with RFR, and Foster + Partners is the design architect. William T. Georgis is designing the interiors and SLCE Architects is serving as the architect of record. Completion is expected in early 2017.
Jamaica-based BTML Development Corp. has filed applications for a four-story, six-unit residential building at 916 Herkimer Street, in Ocean Hill, located two blocks from the Ralph Avenue stop on the C train. The project will measure 6,574 square feet in its entirety and will have 4,487 square feet in residential space, which means units will average 748 square feet apiece. A fifth-floor penthouse is also part of the plan. Forest Hills-based ARC Architecture + Design Studio is the architect of record. The existing two-story townhouse was recently filed for demolition.
London-based Quadrum Global acquired the 179,000 square-foot development site at 53 Huron Street (a.k.a. 161 West Street), in Greenpoint, back in 2014 for $45.5 million. With the inclusionary housing bonus and an up-zoning, the site could accommodate a roughly 430,000 square-foot development, and Young Kim’s Queens-based Tan Architect has designed such a project. According to Brownstoner, the plans, which are currently on hold, sport 15- and 22-story residential towers with 516 total units. A sky bridge would connect the towers, and a multi-level podium would include parking, a terrace, and probably retail space. It’s not known when the developer will move forward with the project, which would require the demolition of a two-story warehouse.
Funding issues have stalled the redevelopment of the massive Kingsbridge Armory in the Bronx, but a sizable affordable housing project is in the works across the street at 2700 Jerome Avenue. Yesterday, developer Alan Bell of B&B Urban filed applications for a 13-story building with a mix of affordable units, supportive housing and retail on a lot next to the Kingsbridge Road stop on the elevated 4 train.