The Durst Organization has acquired, for $173.5 million, the high-profile mixed-use development site at 29-37 41st Avenue, in Long Island City’s Court Square section. The new owner plans to build a tower with 1,000 rental apartments, rising as tall as 914 feet above street level, the New York Times reported. It’s expected that 25 percent, or 250 units, will rent at below-market rates through the housing lottery, Real Estate Weekly reported. The project would also include the creation of a half-acre public park. The sale included the vacant 14-story, 49,300-square-foot commercial building at 27-29 Queens Plaza North, an individual landmark, which was expected to receive a renovation by the same previous developers.
New renderings have been revealed of the Hudson River Park Trust’s plans to transform the mostly vacant, 800-foot-long Pier 26, located in the Hudson River off TriBeCa, between North Moore and Hubert streets, into a public park. The $30 million overhaul would include a maritime education center, known as an estuarium, multiple landscaped areas with different kinds of vegetation, walking paths, seating, and playgrounds. The overhaul is getting equal financing from the city, the Lower Manhattan Development Corporation, and Citigroup, through a donation. OLIN Studio, a landscape architecture firm, is designing much of the pier, although Rafael Viñoly’s firm is designing the estuarium building. The plans are not final, although construction is anticipated to begin in roughly a year, Tribeca Citizen reported.
Last Tuesday, the Landmarks Preservation Commission approved work to allow the single-family conversion of 38 Bethune Street. While some West Village garage conversions before the LPC recently have been contentious, this project was not controversial.
Condo developers have radically reshaped 23rd Street in Chelsea over the last couple years. The newest arrival will be a 15-story project at 128 West 23rd Street, next to Anbau’s Citizen condos between Sixth and Seventh avenues.
A rendering of the base has been revealed, along with new details, of the 1,100-unit mixed-use development proposed at 321 East 96th Street, located in East Harlem near the border of the Upper East Side. The latest plans call for a 1.3-million-square-foot complex featuring a 68-story tower, DNAinfo reported. It includes a total 270,000 square feet of space for three academic facilities: the School of Cooperative Technical Education (COOP Tech), a vocational trade school currently located on-site in a four-story building, and Heritage School and Park East High School, two public high schools with existing facilities nearby.