Hornig Capital Partners and The Brickman Group have acquired, for $10 million, the three-story, 67,236-square-foot industrial building at 1519 Decatur Street (a.k.a. 1085 Irving Avenue), in Ridgewood, located four blocks from the Halsey Street stop on the L train. The new owners plan to convert the property into modern commercial space, according to Real Estate Weekly. It’s not known what specific commercial tenants the building will be geared to, but the space will be flexibly divisible. The gut-renovation will cost roughly $6 million and financing has already been secured. The structure was built in 1929 and contains large floor plates.
Back in July of 2014, YIMBY revealed renderings of the two-towered, 1,115-unit mixed-use development underway at 22-44 Jackson Avenue, located in the Court Square section of Long Island City. Following the demolition of the 5 Pointz warehouse, excavation began in August of 2015 for the new buildings, followed by foundation work in November later that year. Now, a portion of the site closest to Jackson Avenue is at street level and beginning to rise, as seen by photos via Curbed NY and The Court Square Blog. The northern and southern towers, which will be connected by a common two-story base, will rise 48 and 41 stories respectively.
Back in December of 2015, renderings were revealed of the eight-story, 200-bed nursing home planned at 141 Conover Street, in Red Hook. The proposed project, by Oxford Nursing Home, was to measure 157,500 square feet and feature an urgent care center, but it also required an individual rezoning through the city’s Uniform Land Use Review Procedure (ULURP) process. Yesterday, the project reached the City Council Review step, but it was disapproved in a 48-0 vote by the full council, according to Crain’s. Unfortunately, this means the project is officially dead. Concerns raised at the vote included the unfavorable change in zoning from manufacturing to residential. Also, the site is located in a Flood Zone-A area, which some said would pose a threat to seniors living inside the building.
Woodside, Elmhurst, and Woodhaven in Queens are suddenly bursting with new residential projects, largely from developers who hope to capture a mix of gentrifiers, longtime residents, and new immigrants. And generous new zoning along Queens Boulevard ensures that nearly all those developments are concentrated along the busy, six-lane artery. The latest project to arrive on the scene there is 46-02 70th Street, which will rise nine stories at the corner of Queens Boulevard and 70th Street.
East Harlem’s days of abandoned buildings and vacant lots are receding quickly into the past. Today, we have a rendering for a narrow 11-story residential building at 2150 Second Avenue, between East 110th and 111th Streets.