Earlier this year, YIMBY reported on applications for a 29-story commercial building at 560 Seventh Avenue, between West 40th and 41st Streets near Times Square, and over the summer, the developer finished assembling the air rights. The Real Deal has the first glimpse of the planned Dream Hotel, which will include 167 units, per the latest filings. Retail space will total 15,463 square feet in the 118,508 square-foot building. Stonehill & Taylor Architects is designing and UAP North America is crafting a metal screen attachment for part of the three-story podium. Soho Properties, MHP Real Estate Services, and Hampshire Hotels Group are developing, and completion is expected in early 2018.
A seven-story, 11-unit supportive housing project is currently rising at 166 East 100th Street, on the southern side of East Harlem, DNAinfo reports. The building will measure 10,060 square feet and should boast relatively large units, which will eventually house the formerly homeless. Urban Pathways is expected to run and own the the facility upon completion. Extell Development is building the housing in an effort to obtain a zoning bonus for an undisclosed project within Community Board 11’s district. Extell acquired the Pathmark store at 160 East 125th Street for $39 million last year; it closed in November.
Extell Development and The Carlyle Group have sold two development sites within the Riverside Center mega-development, in Lincoln Square, to GID Development for $264.865 million. The properties include 10 Riverside Boulevard and 639 West 59th Street, and the previous developers have already filed applications for residential buildings. Earlier this year, YIMBY reported on plans for a 36-story, 288-unit building at 10 Riverside. And over the summer, we brought you news of plans for a 34-story, 244-unit residential building at 639 West 59th Street. Both buildings will have small retail components, and Goldstein Hill & West Architects is the architect of record. Commercial Observer was the first to report on the sale.
Chaverim Realty Corp. has filed applications for a five-story, 10-unit residential building at 37 Montrose Avenue, in southern Williamsburg, three blocks north of the Lorimer Street stop on the J and M trains. The structure will measure 7,435 square feet, which means units will average a rental-sized 744 square feet apiece. The project will also feature 320 square feet of rooftop recreation space. Boaz Golani’s Bronx-based BMG Design Build is the applicant of record, and the existing single-story warehouse was filed for demolition this past October.
Mordechai Schwimmer has filed applications for a four-story, seven-unit residential building at 1362 54th Street, in central Borough Park, located right around the corner from 55th Street stop on the D train. The structure will measure 7,333 square feet in total, which means units will average a family-sized 1,048 square feet apiece. Diego Aguilera’s Rego Park-based architecture firm is the applicant of record. Demolition permits were recently filed to take down the existing 2.5-story, two-unit brick house.