The long-vacant Times Square Theater, located at 217 West 42nd Street, between Seventh and Eighth avenues in Midtown, may have another chance to be used, according to the New York Post. Singapore-based Oracle Projects International, which produces and designs events, has reportedly leased the property. The former theater is overseen by the state’s Historic Preservation Committee as well as New 42nd St, a nonprofit that leases the theater (and five others) in a 99-year lease. In recent years, the building was leased twice with different reuse projects in mind, but both failed to come to fruition. The latest plan would likely include, at the very least, minor alterations to, or a restoration of, the existing building. The building’s interior and exterior were on the Landmarks Preservation Commission’s backlog, but were removed from the calendar without prejudice last month.
There were rumors back in the summer of 2015 that the three-story, 20,000-square-foot retail building at 2251-2259 Broadway (a.k.a. 256 West 81st Street), on the Upper West Side, would be demolished for a new building, and it appears that will be the case. Alchemy Properties and Carlyle Group have purchased the property for $51 million and, according to The Real Deal, are planning to build a condominium tower. Alchemy Properties leased the building last year to remove all its tenants, and the structure will subsequently be demolished. The project could be as large as 94,000 square feet, but no demolition permits or new building applications have been filed yet.
A few months ago, the six-story, 10-unit Passive House residential building under construction at 210 Pacific Street, in Boerum Hill, was beginning to get its façade installed, and now the structure is fully clad in brass tiles. Brownstoner has the latest photos of the structure, which measures 28,718 square feet in total. All of the building’s windows have been put in place and exterior construction has largely been completed. SBLM Architects is behind the design and NAVA Companies is the developer. As previously reported, the residential units should average a spacious 2,020 square feet apiece, and amenities listed on the Schedule A include a gym and eight parking spaces in the cellar, recreational space on the ground floor, and rooftop terraces. Occupancy is expected within the next few months.
Long Island-based Gurpreet Kaur, head of PSM 5 Holdings Co., has filed applications for a four-story, six-unit residential building at 810 East 165th Street, in Morrisania, located three blocks north of the Prospect Avenue stop on the 2 and 5 trains. The structure will encompass 5,688 square feet and its residential units will average 749 square feet apiece, indicative of rental apartments. The first two floors will host two apartments each, one of which will be a studio apartment, and the upper two floors will contain two duplex units. Pirooz Soltanizadeh’s Jamaica-based Royal Engineering is the applicant of record. The 25-foot-wide lot, on the corner of Union Avenue, has long been vacant.
Property owner Moisey Suleymanov, doing business as Queens-based M&C Organization Inc., has filed applications for a five-story, seven-unit mixed-use building at 25 Legion Street, in Brownsville, located seven blocks from the Sutter Avenue – Rutland Road stop on the 3 train. The new building will encompass 12,000 square feet and will include 3,212 square feet of commercial-retail space on the ground floor. There will be two units per floor on floors two through four and a single unit on the top level. The apartment units should average a family-sized 1,017 square feet apiece and the project will be topped by a roof deck. Brooklyn-based Dmytro Chornobryvets is the architect of record. An existing two-story brick rowhouse must first be demolished.