Vornado Realty Trust is exploring the idea of converting the 27-story, 473,000 square-foot office building at 20 Broad Street, in the Financial District, into residential units, according to Crain’s. Vornado may decide to keep the building as office space, but could also purchase and demolish the building once New York Stock Exchange vacates the building next year; their lease of 381,000 square feet expires in August. Currently, Vornado ground-leases the property.
Roughly a year ago, YIMBY reported on filings calling for a seven-story, 32-unit residential building at 1255 Bushwick Avenue, in southern Bushwick, and now construction is beginning at the site, where only the façade of the former church stands. According to Brownstoner, the building will measure 21,897 square feet, so units will average a condo-sized 1,368 square feet. Brookland Capital is developing, while Issac & Stern Architects is designing.
In October of 2014, YIMBY revealed renderings of the six-story, 23-unit mixed-use building planned at 95 South 5th Street, in western Williamsburg, and now the building is topped out, according to Curbed. Horrigan Development and Pilot Real Estate Group are developing the project, while Standard Architects is designing. A 675 square-foot dining establishment is planned on the ground floor, and units will average 790 square feet in the 18,575 square-foot structure.
At the beginning of 2015, YIMBY revealed renderings for HAP’s planned 10-story, 93-unit mixed-use building at 2211 Third Avenue, in East Harlem, and now the developer has broken ground on the project, Real Estate Weekly reports. In the 120,000 square-foot building, commercial-retail space on the bottom floors will measure 26,000 square feet. A community facility on the ground floor will also take up 1,000 square feet. Twenty percent of the apartments will be let at below-market rates, and Karl Fischer is designing.
While the city could decide to ban hotels from manufacturing zones, developers have only pushed forward with their plans to build them, even in fairly remote parts of the outer boroughs. Yesterday, new building applications were filed for an eight-story hotel at 38-04 11th Street, at the northern edge of Long Island City. And YIMBY has the reveal for the project, which will replace an auto shop on the corner of 38th Avenue.