A U.S. subsidiary of Beijing-based China Oceanwide Holdings has made a deal with Howard Hughes Corp. to purchase the development site at 80 South Street, in the Financial District, for $390 million, according to Crain’s. Along with the five-story building at 80 South Street, the assemblage includes the 10-story building at 163 Front Street. The site boasts 820,000 square feet of development rights, with residential space allowed to span 440,000 square feet while the remainder designated for some form of commercial space.
G&S Developments has filed applications for twin two-story, two-unit residential buildings spanning the lots at 144-19 – 144-23 224th Street, in Brookville, six blocks south of the LIRR’s Laurelton station. The four total residential units will spread across 4,858 square feet, for units averaging 1,215 square feet apiece. Sion Hourizadeh’s Floral Park-based Sion Associates is the applicant of record, and an existing single-family home must first be demolished.
Nearly a year ago, applications were filed for a nine-story, 32-unit residential building at 42-50 27th Street, in Long Island City, and now those plans have been approved, with demolition underway to remove the existing two-story structure, per The Court Square Blog. The new building will measure 24,860 square feet, which works out to an average unit of 775 square feet. Ampiera Group is developing, and Jon K Yung’s Flushing-based MY Architect is the applicant of record.
This past spring, The New York Times revealed full renderings of Sumaida + Khurana’s planned seven-story, seven-unit condominium project at 152-154 Elizabeth Street, in Nolita, the same time crews began demolition work on the existing four-story building. Now the developer has landed a $40 million construction loan. The building will have 26,012 square feet of residential space, and units will average a luxury 3,716 square feet apiece. Tadao Ando is the project’s design architect, while Gabellini Sheppard Associates is the applicant of record, and completion is expected in November 2016.
William Gottlieb Real Estate and Aurora Capital Associates are planning to redevelop the low-rise market buildings spanning 46-74 Gansevoort Street, in the Meatpacking District, according to The Villager. Plans, filed this past June, call for an eight-story building at 70-74 Gansevoort, and expansions to three and four stories to existing two-story buildings at 60-68 Gansevoort.
Demolition of the structures at Nos. 50 and 70-74 is the first step, and any alteration or removal will have to be approved by the LPC. The properties are zoned for hotels, offices, retail and light manufacturing, and roughly 111,000 square feet of space is proposed. BKSK is the architect of record.