Door to Door Realty is in contract to purchase the vacant two-story, nearly 42,400 square-foot building at 78 Fort Place, in St. George, and plans to renovate the building into roughly 30 market-rate rental units. The developer expects to close on the property later this year, according to DNAinfo, with leasing beginning by late 2016. A hearing with community groups is scheduled in September. Previous plans were approved for a residential facility for the mentally ill.
Filed in May 2014, applications have surfaced for an eight-story, 33-unit mixed-use building planned at 14-55 31st Avenue, in western Astoria. At the northwest corner of 31st Avenue and 21st Street, the building will measure 27,130 square feet, which includes 2,450 square feet of retail on the ground floor. Anthony Hu’s Centennial Astoria is developing, and JLS Designs is the architect of record. Demolition began earlier this year on two existing wood-framed townhouses at Nos. 14-53 and 14-57.
Bical Development has filed applications for a three-story, 103,595 square-foot commercial building, dubbed Kristal Auto Mall, at the parking lot at 2859 Flatbush Avenue, in Mill Basin. The structure will house dealerships, a repair center and inventory storage/office space, according to the NYC EDC. The property was purchased from the City in 2013, and Redcom Design & Construction is the applicant of record.
Sterling Town Equities has acquired the two-story commercial building and adjacent vacant lot at 186-190 21st Street, off Fourth Avenue in South Slope, for $6 million. The new owners plan to demolish the existing structure to make way for a condominium development, according to Commercial Observer. The property boasts 20,034 square feet of building potential, and the purchase was made in cash.
The first condos hit the market last week at 550 Vanderbilt Avenue in the Atlantic Yards/Pacific Park development, and YIMBY has a few attractive renderings of the building’s amenity spaces and lobby.