Early last September, YIMBY reported on filings for an eight-story mixed-use building, with 64 hotel rooms and 21 residential units, at 134-142 Bowery, in Nolita. Now, developer Emmut Properties has purchased the assemblage for $47 million. The new development will measure roughly 47,000 square feet, and the residential units will probably be rentals, averaging just 659 square feet. Demolition permits were filed over the past year to raze the existing two- and three-story buildings.
Yesterday, the New York Times reported that 550 Washington Street would soon traverse ULURP as its owners, Westbrook Partners and Atlas Capital Group, want to redevelop the existing building in exchange for air rights from the failing Pier 40, which would also be saved. And now YIMBY has the first look at massing diagrams of the proposed plans, which reflect both the as-of-right redevelopment option, as well as what the site would look like if the ULURP application is approved.
Most Brooklynites know that Borough Park and Midwood are Orthodox Jewish strongholds, but fewer people are familiar with the somewhat smaller, tight-knit Jewish community in Mill Basin, a coastal neighborhood along Jamaica Bay. A developer plans to build six stories of faculty and staff housing next door to a Jewish charter school, according to new building applications filed yesterday.
When Ben Shaoul’s Magnum Real Estate Group shelled out $270 million for two luxury rental buildings in the Upper East Side and Gramercy last year, it was only a matter of time until they became condos. Now construction is moving along at 385 First Avenue in Gramercy, and the property has a teaser site and a new name: Luminaire.
Brookland Capital is one of Brooklyn’s most prolific small developers, with projects stretching from South Williamsburg to Flatbush. And today YIMBY has a better look at 447 Decatur Street, one of Brookland’s small Bed-Stuy developments.