In October of 2015, YIMBY reported on applications for a five-story, 130-unit residential building at 1873 Starr Street, in western Ridgewood, located five blocks from the Jefferson Street stop on the L train. Now, Slate Property Group has sold the development site to Valyrian Capital and MGM Property Group for $18.5 million, according to Real Estate Weekly. The new owners plan to move forward with the approved project, which measures 141,929 square feet in total and will include 5,009 square feet of ground-floor retail space along with 3,000 square feet of community facility space. The apartment units should average 650 square feet apiece, with 45 of them to be rented at below-market rates. Amenities include a gym, a roof deck, a laundry room, and a garage for 64 bikes and 65 cars. Aufgang Architects is designing the building.
Property owner Transition Acquisitions is planning to convert the five-story, 57,800-square-foot former Globe Exchange Bank building, located at 815 Broadway in far-western Bushwick, into office space, Commercial Observer reports. The property is currently vacant and boasts 41,673 square feet of commercial space. According to the Schedule A, 15,600 square feet of retail space will span the ground floor, medical offices will be located in the cellar level, and the rest of the building will full-floor contain office spaces. Boaz Golani’s Bronx-based BMG Design Build is the architect of record. The current owner acquired the building in July of 2015 for $15.1 million and the conversion is expected to be complete in the spring of 2017.
Astral Weeks is developing little buildings all over Prospect Lefferts Gardens and Flatbush, and today we have a look at one of their projects at 19 East 31st Street, in East Flatbush.
When we last checked in on the site of Tribeca Associates’ planned 26-story, 228-key hotel at 143 Fulton Street, between Broadway and Nassau Street in the Financial District, demolition of its three-story occupant was underway. Since then, demolition has been completed and, thanks to a YIMBY reader, we have a new look at the coming hotel.
City Tech spent nearly a decade trying to redevelop the Klitgord Building in Downtown Brooklyn before the school broke ground on a new eight-story academic center in 2013. Now construction is chugging along at 285 Jay Street, and YIMBY reader Tectonic took some shots of the progress last week.