Carnegie Hill-based La Scuola d’Italia has purchased 432 West 58th Street from Mount Sinai Medical Systems for $55 million, according to the Daily News. The 14-story, 102,000 square-foot building will be converted into a school with 28 classrooms, a library, media center, gym, dining facility, and additional academic amenities. An entirely new façade is planned, and an atrium will be built on the inside. The school will consolidate its two Upper East Side facilities into its new Midtown West location, allowing enrollment to increase from 300 to 700 students.
On the last day of July, the de Blasio administration quietly introduced a key piece of its plan to build 80,000 affordable units of housing: mandatory inclusionary zoning. The plan will require market-rate developers to set aside at least 25% of their units in each new building as affordable housing. As the city rezones several neighborhoods across the five boroughs, they’ll impose the policy along with the updated zoning—beginning with East New York.
Late last year, YIMBY reported on applications for a 30-story, 118-key hotel at 306 West 40th Street, right across from Port Authority, in Midtown West. Now new filings have been submitted for a slightly larger building, rising 36 stories and containing 120 hotel rooms. The structure will measure 44,430 square feet in total, which is an increase by nearly 200 square feet from the old proposal. The project also appears to have changed hands, and Brian Law, operating as NYC One Holding LLC, is the developer. Noel Wong’s Long Island-based ADB Associates is the applicant of record, and an existing four-story building must first be demolished.
Property owner Solomon Schwimmer has filed applications for a seven-story, 45-unit residential building at 242-248 Newkirk Avenue, in southern Kensington, three blocks from the F train’s stop at 18th Avenue. The building will measure 30,065 square feet, which means units will average just 668 square feet, indicative of rentals. Rego Park-based Diego Aguilera is the architect of record. A majority of the site is vacant, but the two-story house at 248 Newkirk must first be demolished.
Faye Levesque has filed applications for a seven-story, 20-unit mixed-use building at 36-31 31st Street, in northern Long Island City, a stone’s throw away from the N and Q trains’ stop at 36th Avenue. The building will measure 16,342 square feet in total, which includes 1,202 square feet for retail space on the ground floor. The residential units will spread across the building’s remaining space, averaging 757 square feet each. New Jersey-based T.F. Cusanelli and Filletti Architects is the applicant of record, and an existing two-story townhouse must first be demolished.