On the corner of 21st Street and 31st Avenue in Astoria, a vacant lot at 21-03 31st Avenue may sprout a six-story apartment building, after Brownstoner reported that it sold for $2,600,000 last September.
The development site spanning 92-94 Fulton Street, in the Financial District, has again traded hands, this time with The Lightstone Group acquiring the properties for $23.25 million. The previous owner, Fisher Brothers, paid $10 million for the site in June 2014 and had filed applications for a 16-story residential building. Lightstone’s plans have yet to be disclosed, but previous proposals revealed by YIMBY show the site’s significant potential.
Excavation is underway for Two Trees’ 16-story, 522-unit building at 317-329 Kent Avenue in Williamsburg. The building will total 382,750 square feet, and 9,370 square feet will be set aside for retail space. It’s the first phase of the Domino Redevelopment project, and completion of the first building is expected in 2017, reports Brownstoner. SHoP is designing, and 105 units will be set aside as affordable housing.
Plans for protecting Manhattan against floods are inching forward. Curbed reports the first phase of the Dryline, a landscaped park area along the waterfront stretching from West 23rd Street (in West Chelsea) to Montgomery Street (on the Lower East Side), are in the surveying phase. The Dryline would eventually continue into Midtown on both sides and is estimated to cost $1 billion.
Amid a controversy over height, the mixed-use development Pierhouse at Brooklyn Bridge Park, spanning Furman Street in northern Brooklyn Heights, is making slow progress. 1 Hotel, the 10-story, 200-unit hotel at 60 Furman Street, is nearly completely clad with glass. The 10-story condominium building at 90 Furman Street has topped out and is preparing for its façade installation, according to Brownstoner. At 130 Furman Street, concrete is up to the fourth and final occupied floor. The development will have 108 condo units between the two residential buildings, and completion is expected by 2016.