The Calicchio family is marketing the five-story, 41,000 square-foot parking garage at 56 North Moore Street, in Tribeca, as a redevelopment site for $88 million. The property comes with an additional 3,000 square feet of air rights, per The Real Deal, and the garage would probably be converted into luxury residential units. Avison Young is marketing the property.
The 29-story, 470,500 square-foot office building dubbed 7 Bryant Park at 1045 6th Avenue, in Midtown, is wrapping up construction, per The Wall Street Journal. Exterior cladding is complete, and interior modeling is underway to accommodate the building’s owner, The Bank of China Ltd., which paid nearly $600 million for the Pei Cobb Freed & Partners-designed building in 2014. Construction began in 2013, and Hines and Pacolet Milliken Enterprises served as the tower’s developers.
Cape Advisors has acquired an assemblage of six buildings on West Broadway between Warren and Murray Streets, in Tribeca, for $50 million. The new owner is planning to demolish the existing properties for a condominium building measuring 46,000 square feet. Cushman & Wakefield marketed the property, and the deal broke $1,000 per square-foot, per Crain’s Business.
On the corner of Wythe Avenue and Rutledge Street, in South Williamsburg, a long-stalled development is finally getting underway at 782 Wythe Avenue. Permits were first filed nearly a decade ago in 2006, but applications for a gut-renovation and conversion were approved this past March, and now YIMBY has the first rendering of the project, which will transform an old commercial building into a synagogue for the Viznitz Congregation.
Development in the towns along the Hudson River is slowly starting to pick up, and now YIMBY has a rendering for a new luxury rental project in Hastings-on-Hudson, the Lofts on Saw Mill River.