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.
Last week, YIMBY brought you a sneak peak of the glassy façade that will eventually be installed on Extell Development’s 95-story, 1,550-foot-tall condominium tower (officially Central Park Tower), currently under construction at 217 West 57th Street in Midtown. The supertall will boast Nordstrom’s first Manhattan flagship store, and now the Seattle Times has revealed official renderings of the building’s retail podium. The Seattle-based department store will span 363,000 square feet across eight stories (three below grade) in the development.
The city has announced it will open two business hubs totaling 100,000 square feet this summer as part of its UrbanTech NYC program, according to Crain’s. One of them will be a 50,000 square-foot building in the Brooklyn Navy Yard, dubbed New Lab. The facility, which is currently being renovated, will offer affordable commercial rents to companies in search of office and/or manufacturing space. The other 50,000 square-foot location is at Grand Central Terminal, and companies will have to apply and then be selected to lease space. Macro Sea is developing – and designing in-house – the Brooklyn Navy Yard’s facility, and the New York City Economic Development Corporation (NYCEDC) is behind the initiative.
The Midtown-based Hakimian Organization has sign a 99-year ground lease for the two-story, 22,254-square-foot commercial building at 44-16 23rd Street, in the Court Square section of Long Island City. The developer is planning to gut-renovate the property and redesign the exterior, according to The Real Deal. JRT Realty Group, who will be leasing the space, is considering a restaurant, retail, a gym, or office space, depending on the anchor tenant. The property owner is 44-16 23rd Operating Company.
Bronx-based Esha Group has filed applications for four, small three-story residential buildings at 2100-2106 Powell Avenue, in the East Bronx’s Unionport neighborhood, located five blocks from the Parkchester stop on the 6 train. Two of the buildings will measure 3,363 square feet and have three units each, while the other two will measure 2,509 square feet and contain two units each. Across the entire development, residential space will total 8,902 square feet and individual units will average 890 square feet apiece. Akeeb Shekoni’s Long Island-based Askon Architects is the architect of record. An existing three-story building on the corner of Olmstead Avenue must first be demolished.