Back in October of 2015, Six Sigma was in contract to buy the six-story, 55,000-square-foot commercial building at 517-523 West 29th Street, in West Chelsea, for $54 million. The developer has since closed on the purchase and has now filed exploratory applications with the Attorney General’s office to gauge the demand for a potential condominium project, The Real Deal reports. Although details are sparse, the project would include 61 condominium units and ground-floor retail space. It’s not clear if the existing building would be demolished for a new one, although the site can accommodate up to 74,000 square feet of development potential (which means it currently has 19,000 square feet of air rights). Nothing has been filed yet with the Department of Buildings.
In February of 2014, YIMBY revealed initial renderings of the planned 14-story, 280-unit block-thru residential project at 535 West 43rd Street (a.k.a. 546 West 44th Street), in Hell’s Kitchen. We brought you updated renderings of the 264,451 square-foot project in March of 2015, and now we have final renderings of the structure, on which construction is now wrapping. Dubbed 535W43, it will have rental apartments measuring an average of 787 square feet apiece. They will come in studio, one-, and two-bedroom configurations, and 62 of them will rent at below market-rates through the housing lottery.
Staten Island-based Passarelli Construction has filed applications for three three-story, two-family houses at 155-163 Crown Avenue, in Woodrow, located on the southern end of Staten Island’s south shore. Each of them will measure 4,561 square feet and will contain full-floor residential units that average a spacious 1,382 square feet apiece. The ground-floor/basement level won’t contain any residential space, but will have mechanical equipment. Stanley Krebushevski’s Staten Island-based architecture firm is the architect of record. The 138-foot-wide plot of land is currently vacant and will be integrated into the street during the development process.
The 36-story, 615,850-square-foot office building at 65 East 55th Street, in Midtown, is currently receiving a $25 million renovation now that a majority of the tower is in between commercial leases. Construction on the first phase of renovations began earlier this year and includes a redesigned 41-foot-tall lobby and upgraded elevators, according to Commercial Observer. Once tenants vacate additional areas of the building this summer, work will begin on 20,000 square feet of amenities. Dubbed The Club, it will feature a fitness center, a recreational lounge, a bistro, and a conference center. A new outdoor plaza, with seating, vegetation, a sculpture, and a restaurant/bar, is also being constructed. Once completed, hundreds of thousands of square feet of office space will hit the market. Landlord Equity Office, a branch of Blackstone Group, acquired the 1985-built building in 2014 for $750 million.
Back in November of 2014, YIMBY revealed renderings of the planned 13-story, 88-unit mixed-use building at 142-38 37th Avenue, in downtown Flushing, located three blocks from the Main Street Station on the 7 train. The project, dubbed East West Tower, is still under development, as its developer, Long Island-based Kenny Liu, has recently submitted plans to the Attorney General’s office detailing the project’s estimated sellout. The building is being valued at $95.5 million by the developer, according to The Real Deal. The 160,122-square-foot structure will host 26,791 square feet of community facility space across the ground and second floors. That space will be split between 18 doctors offices. Residential condominium units will begin on the third floor and should average 731 square feet apiece. There will be a 142-car parking garage and a fitness center in the cellar. Maspeth-based Architects Studio is designing and construction is quietly underway.