Neighborhoods like Midwood and Sheepshead Bay are a largely untapped market for commercial development. But developers are starting to realize that there’s growing demand for new office space in heavily trafficked shopping corridors near the subway, even in southern Brooklyn. One property owner near the northern border of Sheepshead Bay took the plunge in 2014 and decided to demolish a few two-story commercial buildings at 1601 Kings Highway.
A WPA-era park in the Bronx is getting a bit of an update. Last Tuesday, the Landmarks Preservation Commission approved construction of a new entrance and pathway at the Crotona Play Center, located on the grounds of Crotona Park with the address 1700 Fulton Avenue.
It’s been a year since YIMBY revealed plans to develop two affordable rental buildings next to Thessalonia Baptist Church in Morrisania, in the South Bronx. Now, new building applications have been filed for the first piece of the project at 960 Prospect Avenue.
Back in September of 2015, YIMBY reported on applications for an eight-story, 67-unit apartment-hotel at 138-142 Bowery, in Little Italy. Now, Bowery Boogie has revealed renderings of the project and has reported that demolition of the site’s existing two- and three-story structures has been completed. The new building will encompass 53,088 square feet, and will host 46 hotel rooms and 21 residential units. There will be commercial-retail space on the cellar, ground, and mezzanine levels, so it’s difficult to estimate the size of the hotel rooms. The apartments will span the sixth through eights floors and should average a rental-sized 658 square feet apiece. Emmut Properties is the developer and New Jersey-based Schneider Associates is serving as the applicant of record. Completion is expected in 2017. The developer closed on the development assemblage last October for $47 million.
In October of 2014, YIMBY reported on applications for an eight-story, 385-unit residential building at 123 Melrose Street, the site of the former Rheingold Brewery complex in western Bushwick, located three blocks from the Myrtle Avenue stop on the J/M/Z trains. All Year Management has now acquired a piece (28 Stanwix Street) of the mega-block development site – bound by Evergreen Avenue and Stanwick, Melrose, and Noll streets – from Princeton Holdings and Read Property Group for $72.2 million, The Real Deal reported.