Watermark Capital Group is now leasing the property at 321 Wythe Avenue, in western Williamsburg, from Saints Peter and Paul Church for $2.1 million per year, DNAinfo reports. The developer plans to raze the single-story church to make way for a residential project, which will include 2,500 square feet of community space. The property spans through to South 2nd Street. The developer has not yet filed applications with the DOB, but collaboration with the church is mandatory within a year of getting construction plans approved.
The first commercial tenant has signed on to the 470,000 square-foot Riverside Galleria development now under construction at 4927 Arthur Kill Road, in Charleston, located on Staten Island’s southern end. The tenant will operate a 55,000 square-foot, 12- to 16-screen movie theater, according to DNAinfo. The general project will eventually include retail stores, restaurants and cafes, and opening is scheduled in 2017. Melohn Properties is the developer, and Casandra Properties is the leasing agent.
The 731-unit Lambert Houses complex, a collection of six-story buildings spread over five blocks in the Bronx’s West Farms, may soon be demolished for 1,665 units of new affordable housing and 61,100 square feet of retail. A 500-seat public elementary school is also included in the proposal, according to DNAinfo. Phipps Houses currently owns the dated housing development, built in 1973, and city officials — notably the HPD — are on board with the facility’s replacement. The development would occur in phases, beginning in 2017 and wrapping up in 2029.
Kensington-based Homes R Beautiful Re LLC has filed applications for a three-story, six-unit residential building at 263 East 9th Street, in northern Kensington, six blocks from the Q train’s stop at Beverly Road. The building will measure a total 4,977 square feet, and units will average 830 square feet apiece. Borough Park-based Bricolage Designs is the architect, and a two-story house must first be demolished.
Great Neck-based Omri Bar-Mashiah has filed applications for a four-story, six-unit residential building at 59 Quincy Street, in western Bedford-Stuyvesant, four blocks south of the G train’s stop at Classon Avenue. The building will measure just 3,976 square feet, which works out to units averaging a rental-sized 663 square feet each. Long Island-based Shahriar Afshari is the applicant of record, and the site’s old three-family townhouse was demolished by HPD in 1993.