Back in November, XIN Development, the U.S. branch of Beijing-based Xinyuan Real Estate, entered into contract to purchase the development site at 615 Tenth Avenue, between West 44th and 45th Streets in Hell’s Kitchen. Now, the developer has closed on the site for $57.5 million, and a mixed-use building with up to 90 condominium units is planned, according to The Real Deal. It will include mostly one- and two-bedroom residential units, as well as 20,000 square feet of retail space. The property is currently home to a Hess Express gas station, which must first be removed.
Over the summer, foundation work began on Ekstein Development’s nine-story, 86-unit residential building at 25-19 43rd Avenue, in Long Island City’s Court Square neighborhood. Steel beams and rebar are now a floor above street level, according to The Court Square Blog. The 90,173 square-foot project will have 68,145 square feet of residential space and is being designed by GF55 Partners. Dubbed Dutch LIC, the residential units will be condominiums, ranging from studios to two-bedrooms. Completion is currently expected in January of 2017.
Gagandeep Singh, doing business as Long Island-based Pam 1 Holding Corp, has filed applications for a four-story, two-unit residential building at 653 West 187th Street, in northern Washington Heights, located four blocks from the 191st Street stop on the 1 train. The project will measure 5,334 square feet in total and will have 4,468 square feet of residential space. Each unit will be a duplex, averaging 2,234 square feet. Pirooz Soltanizadeh’s Jamaica-based Royal Engineering is the applicant of record and the 17-foot-wide lot is currently vacant.
In 2014, YIMBY revealed renderings for a mixed-use redevelopment of the buildings at 119-123 Kent Avenue, in northern Williamsburg, located three blocks from the Bedford Avenue Station on the L train. Now, Commercial Observer reports CW Realty and Joyland Group have acquired the three four-story tenement buildings for $15.9 million, which measure roughly 15,000 square all together and come with 5,700 square feet of air rights. The new owners plan to combine the three buildings through the first floor and create a 5,625 square-foot retail space. It’s not known if the old proposal is being built, but the properties’ existing 18 total residential units will be renovated. Only two of them are currently occupied (and they are rent-stabilized).
The four-story, 24,000 square-foot commercial building at 5018-5024 4th Avenue, in Sunset Park, has been purchased by developer Congregation Imrei Yehudah for more than $7.5 million. According to the Brooklyn Daily Eagle, the new owner plans to convert the vacant building into residential units or office space. The 6,400 square-foot lot also contains 2,880 square feet of air rights, which could go towards expanding the building. It’s conveniently located three blocks north of the 53rd Street stop on the R train.