Simon Baron Development has acquired the two-story commercial property at 12 Franklin Street, in southern Greenpoint, for $24 million, according to The Real Deal. Located six blocks from the Nassau Avenue stop on the G train, the property is within the proposed Enhanced Business District, which would allow developers to trade light manufacturing space for extra office space in the North Williamsburg Industrial Business Zone. Before proposing to build anything, Baron is waiting to see how well the proposed rezoning works. Under current zoning, the property could accommodate a new 55,500 square-foot commercial building, or if community facility space is included, a 133,320 square-foot building.
Plans have been filed for two affordable rental buildings in the Longwood section of the South Bronx, close to the Simpson Street stop on the 2 and 5 trains.
Brookland Capital is taking Prospect Lefferts Gardens and Flatbush by storm. Yesterday the Bed-Stuy-based developer filed plans for an eight-story building at 77 Clarkson Avenue, which will be its fifth new project in the area.
A former animal hospital in NoHo is set to see a commercial revitalization. On Tuesday, the Landmarks Preservation Commission approved a revised renovation plan for the building at 348 Lafayette Street, which occupies 348-354 Lafayette Street and is also known as 11-13 Bond Street. The building dates back to 1913 and is now in the NoHo Historic District.
This past summer, the U.S. branch of Beijing-based China Oceanwide Holdings made a deal with Howard Hughes Corp. to acquire the development site at 80 South Street, in the Financial District, for $390 million. Now Curbed reports the developer has received approval from the City Planning Commission to transfer 426,940 square feet of air rights to the site. That means a mixed-use building of up to 1,067,350 square feet could be built, of which 512,300 square feet could contain residential units. That could mean a supertall tower at the site along the South Street Seaport. Applications have not been submitted to the Department of Buildings yet, but the latest document suggest the developer will be taking full advantage of the site and a large commercial component is being planned. A design architect has not yet been revealed. A number of low- and mid-rise buildings would first have to be demolished.