Vanbarton Group is in contract to acquire the six-story, 115,000-square-foot mixed-use building, formerly home to the Tribeca Film Festival, at 13-17 Laight Street, in TriBeCa, for $90 million. The group plans to convert the building into a retail, office, and “lifestyle facility” space, the New York Post reported. Vanbarton is in the process of buying out all of the property’s existing commercial and residential tenants. The 13,867-square-foot lot also comes with 10,530 square feet of air rights, although it’s not known if an expansion is planned.
Construction is wrapping on the eight-story, 32-unit mixed-use building under development at 100 Avenue A, located between East 6th and 7th streets in the East Village. Photos of the progress can be seen in an EV Grieve report. The latest building permits indicate the project encompasses 51,121 square feet. The ground and cellar levels will host a 12,000-square-foot Blink Fitness, followed by 32 residential units. They will be condominiums and should average 950 square feet apiece. Amenities include storage for 46 bikes, plus laundry facilities, storage space, and a rooftop terrace. Ben Shaoul’s Magnum Real Estate Group is the developer and Issac & Stern Architects is behind the architecture. Built In Studio is designing the interiors. Completion is expected later this year.
Back in May, Olmstead Properties and Newmark Holdings entered into contract to purchase the six-story, 225,000-square-foot manufacturing building at 43-01 22nd Street, located on the corners of 43rd and 44th avenues in the heart of Long Island City. The duo have now closed on the purchase for $61 million, Commercial Observer reported. They plan to convert the structure into office space, although roughly two-thirds of the property is currently leased to Reis Studios. The vacant portions are expected to be converted soon, but it’s not known when the currently leased space will get the conversion. Upgrades to the building will include a redesigned lobby, new windows and façade elements, and new mechanical infrastructure such as elevators.
Queens-based NTP Real Properties has filed new applications for a four-story, 20-unit residential building at 34-17 103rd Street, in North Corona. The filings come after initial documents submitted in 2014 were disapproved earlier this year. The newly proposed building would measure 23,341 square feet and its residential units should average 940 square feet apiece. There will be 13 off-street parking spaces located behind the building. George Huang’s Midtown-based GMH Architecture is the new architect of record, replacing Flushing-based Chien Han Architect. The 50-foot-wide, 14,463-square-foot lot, which spans deep into the block, was occupied by a two-story, five-unit apartment building until that was demolished in February. The 103rd Street-Corona Plaza stop on the 7 train is located four blocks south.
Property owner Lingyi Hsia has filed applications for two two-story, two-family houses at 46-36 – 46-38 Bowne Street, in East Flushing. Each will measure 3,119 square feet and their full-floor residential units should average a family-sized 1,040 square feet apiece. Across both houses, there will be four off-street parking spaces, two of which will be enclosed in separate 300-square-foot garages. Xiaohong Zhao’s Queens-based Ameriland Brook is the applicant of record. The 62-foot-wide, 5,938-square-foot lot is currently occupied by a two-story house. Demolition permits were filed in June.