Late last month, YIMBY brought you news of the mixed-use commercial conversion of the six-story former warehouse at 455 Jefferson Street, in northern Bushwick. Now, Dallas-based Lincoln Property Company and Boston-based Alcion Ventures have secured a $51.2 million loan for the project, according to Commercial Observer. The building will have offices on every floor and retail space at street level, which will total 122,697 square feet in rentable space. Work began last month, and completion is expected next June.
In the final days of 2014, YIMBY reported on applications for a six-story, six-unit residential building at 253 East 7th Street, in the East Village, and now the existing four-story townhouse is being demolished to make way for the new building. Per EV Grieve, the property was acquired by an LLC in August 2014 for $4.3 million. The residential project will measure 9,652 square feet, which means units will likely be condominiums, averaging 1,609 square feet.
Just over a year ago, applications were filed for a 10-story, 56-key hotel building at 219 Hudson Street, in Hudson Square, and since then, the DOB has disapproved of the plans. But now, developer Rafi Gibly has recently sold the development site to Brooklyn-based developer Joel Braver in a $13.2 million deal. It’s not known if the old plans will be reused. The previous plans included a penthouse residential unit, and Rawlings Architects filed for the permit. [The Real Deal]
The IFC Center movie theater on Sixth Avenue (at West 3rd Street) is one step closer to an expansion that would double the number of screens and alleviate crowding on the sidewalk. This would be accomplished by expanding to an empty lot located behind it at 14-16 Cornelia Street. On Tuesday, the proposal went before the Landmarks Preservation Commission and the commissioners could have approved the upper floors, but wanted more work done at street level.
Construction is nearly complete at 325 West Broadway in Soho, where a ten-story condo building has replaced part of a brick chocolate factory. Developer and design firm DDG has just launched sales, and they’ve sent along a few new renderings of the project, which was christened Xoco 325 in June.