Earlier this spring, the development site at 211-215 Schermerhorn Street, in Downtown Brooklyn, was placed on the market for $30 million, and now GPB Realty Capital is in contract to purchase the property. Neither the price nor the future plans have been disclosed, although a 75,000 square-foot residential or hotel building could be built. TerraCRG brokered the property, and the lots are currently vacant, according to The Real Deal.
Tim Chan, operating under an Elmhurst-based LLC, has filed applications for a five-story, 29-unit mixed-use building at 73-02 Woodside Avenue, in northern Elmhurst. Located two blocks from 74th Street/Broadway stop on the E, F, M, R and 7 trains, the 27,285 square-foot building will have a 1,928-square-foot health care facility in the basement level. Residential units above will average 875 square feet each. Flushing-based Chang Hwa Tan is the architect of record, and three buildings must first be demolished.
In October 2014, YIMBY revealed renderings of a multi-block, nearly 1.2-million square-foot office complex at 68 Ferris Street, in Red Hook, and since then, the Milan, Italy-based developer Est4te Four has been assembling the properties for the development. Now, Cushman & Wakefield has been tasked to market a 49% stake in the project, according to Crain’s. The project could break ground next year and is expected to be built over five years, featuring new-construction buildings and warehouse conversions. NBBJ is designing.
So far this month, we’ve covered the Loketch Group’s planned 54-unit building in Ridgewood, and the design for the firm’s planned conversion and expansion on South 3rd Street in Williamsburg. Now we’ve got the first look at one of the developer’s ground-up projects in East Flatbush, 490 Lefferts Avenue.
Last November, developers Hartz Mountain and Panepinto Properties received a 30-year tax break for their 13-story, 240-unit mixed-use project at 3 Journal Square Plaza, in Jersey City’s Journal Square neighborhood. Marchetto Higgins Stieve Architects is designing the building, which YIMBY can now reveal.