Extell Development has purchased the East Bronx property at 2505 Bruckner Boulevard, in Schuylerville, from Lightstone Group for $41 million. The development site is currently occupied by the former 14-screen Whitestone Mutiplex Cinemas building, which Lightstone shut down in 2013 with plans to build a shopping complex. The one-million square-foot property boasts roughly 829,000 square feet of commercial development rights, according to The Real Deal.
Amid news of a possible student dormitory component in Fortis Property Group’s redevelopment of the Long Island College Hospital property, in Cobble Hill, full breakdowns of the developer’s as-of-right and ULURP-proposed plans have been released. According to The Wall Street Journal, the as-of-right plans call for 528,935 square feet of market-rate residential space, 262,555 square feet of community facility — the dormitory component — as well as 23,375 square feet of public space, but no retail or affordable housing.
UDR, owner of the Rivergate residential building at 401 East 34th Street, in Kips Bay, will be allowed to build a small retail building on the corner of First Avenue and East 35th Street, according to DNAinfo. Since part of the property is public space, some thought UDR should have to go through the ULURP process, but Community Board 6 voted against that. The retail building will measure 2,000 square feet in total, and the park will also undergo a renovation with upgrades.
One of the most controversial developments in Lower Manhattan got a big thumbs up from the Landmarks Preservation Commission on Tuesday. The LPC approved the Howard Hughes Corporation plan for Pier 17 at the South Street Seaport, which includes demolition of the Link Building. A big point of contention when the plan was presented in August was a proposed rooftop pergola. With that removed, commission approval was a snap. Tuesday’s presentation also revealed some new renderings of the site.
Park Slope’s 1928 Pavilion cinema will see a new life alongside residential units, thanks to approval from the Landmarks Preservation Commission on Tuesday. The cinema at 188 Prospect Park West (officially 187-191 Prospect Park West…