In 2014, YIMBY revealed renderings of the planned 36-story, 372-unit residential building at 225 East 39th Street (a.k.a. 222 East 40th Street), in Murray Hill, and then foundation work began last summer. Thanks to photos by Tectonic, we can see the structure is now 16 stories above street level and rising. When the building is completed in the spring of 2017, it will encompass 373,248 square feet, with 343,187 square feet being used as residential space. The rental apartments will average 922 square feet apiece, and amenities include a fitness facility, children’s playroom, lounges, a café, a library, a courtyard garden, and a 35th-floor rooftop deck. Twenty percent of the apartments will rent at below-market rates. Fisher Brothers is developing the project and Handel Architects is designing it.
Elizabeth McDonald, doing business as an anonymous LLC, has filed applications for three four-story, multi-family residential buildings at 135-139 Sackett Street, in the Columbia Street Waterfront District, located seven blocks from the Carroll Street stop on the F and G trains. Each of the buildings will contain three residential units and will individually measure between 4,178 and 4,196 square feet. It appears each unit will spread across at least an entire floor, although each building also has a penthouse on the fourth floor. The penthouse space will probably be attached to the third-floor unit. Across the entire development, units should average 1,395 square feet apiece, so condos are definitely in the works. New Jersey-based Schneider Associates is the applicant of record.
In December, Taconic Investment Partners and Cogswell-Lee Development Group acquired the ground-lease of 410 West 207th Street, in Inwood. According to Commercial Observer, the developers plan to redevelop the property into commercial-retail space. The site is currently occupied by a single-story, 34,000 square-foot vacant supermarket, formerly a Pathmark. The structure will be renovated to accommodate a new 20,000 square-foot supermarket and multiple smaller retailers. In addition, a 14,000 square-foot retail annex will be built on a section of the parking lot. When construction is completed later this year, parking will be reduced from 200 to 120 car spaces. The property can accommodate a 240,000 square-foot residential development with retail space, although plans for such proposal are not finalized. It sits a stone’s throw away from the 207th Street stop on the 1 train.
Chicago-based L3 Capital has acquired the four-story, 20,600-square-foot mixed-use property at 61-63 Crosby Street, in SoHo, for $42 million. The new owner plans to convert the building into office space, although the ground-floor will remain as retail space. The co-op building has seven apartments, which will all be vacated before the sale closes, according to The Real Deal. The property comes with 3,300 square feet of air rights, which could be used in an expansion. Any alterations to the buildings will have to be approved by the Landmarks Preservation Commission because they sit within the SoHo-Cast Iron Historic District Extension.
Property owner Zhen Zun Li has filed applications for two three-story, three-unit residential buildings at 74-31 – 74-33 44th Avenue, in Elmhurst, four blocks south of subway stops on the E, F, M, R, and 7 trains and caught at the intersection of Broadway and Roosevelt Avenue. Each structure will measure 4,146 square feet in total, and there will be 6,270 square feet of residential space across both buildings. That means full-floor units will average 1,045 square feet apiece. Chang Hwa Tan’s Flushing-based Tan Architect is the applicant of record. Demolition permits were filed last October to raze the existing three-and-a-half-story wood-frame house.