Back in November, YIMBY reported on applications for a six-story, 19-unit mixed-use building at 1780 Sheepshead Bay Road, in southern Sheepshead Bay, located four blocks from the Sheepshead Bay stop on the B/Q trains. Now, it appears those plans have been replaced with plans for a larger building, Sheepshead Bites reports. Starealty.Estate acquired the development assemblage at 1780-1784 Sheepshead Bay Road for $3.66 million last February, and now an eight-story mixed-use building is being planned. It’s expected to include commercial-retail and a community facility on the ground and second floors. Rental apartments will fill the upper six floors and the project will feature a 30-car parking garage. The corner lot is currently vacant, although two three-story buildings were filed for demolition earlier this month and are expected to be razed in the next few weeks. Construction is scheduled to begin by the summer.
In February, Related Companies and GreenOak Real Estate purchased the seven-story, 168,000-square-foot industrial building at 21-09 Borden Avenue, in southern Long Island City, for $62.5 million. The Real Deal now reports the developers have secured a total of $60.8 million in loans, some of which will be used to convert the property into an office building. The two developers also purchased the Paragon Building – a six-story, 108,000-square-foot former industrial building at 21-00 49th Avenue, in southern Long Island City – for roughly $47.5 million. The property is located two blocks to the north and is also expected to be converted into office space. An architect and targeted completion dates have not been disclosed.
Brooklyn-based Park Avenue Management has filed applications for a four-story, 6,309-square-foot mixed-use building at 1080 38th Street, in northern Borough Park, located two blocks from the 9th Avenue stop on the D train. The first two floors will contain 3,351 square feet of commercial space in the form of a warehouse and office space. The third and fourth floors will contain a 2,958-square-foot synagogue. Diego Aguilera’s Rego Park-based architecture firm is the architect of record. The 20-foot-wide, 1,903-square-foot plot of land is currently occupied by a two-story, two-unit townhouse. Demolition permits were filed earlier this month.
Osher Niyazov, doing business as a Forest Hills-based LLC, has filed applications for a 10-story, 38-key hotel building at 79 Eldridge Street, on the Lower East Side. The new building will measure 16,969 square feet in total and individual hotel rooms should average 346 square feet apiece. Guest amenities will include a fitness center and a café in the cellar. Queens-based Julien Flander is the applicant of record, although Ellipses Design will be responsible for the architecture. The Lo-Down reports New Jersey-based Shew Foo Chin acquired the vacant 25-foot-wide lot for $5.3 million this past February. The specific hotel brand has not been revealed.
Several protesters glued their hands together and chanted loudly in opposition to Mayor Bill de Blasio’s two big zoning policies yesterday at City Hall, but the City Council still passed the two affordable housing proposals, Mandatory Inclusionary Housing (MIH) and Zoning for Quality and Affordability (ZQA), with little opposition.