Fazio Builders, doing business has Victory Highland LLC, has filed applications for multiple three-story, six-unit residential buildings at 7 Highland Avenue, in Silver Lake near the St. George ferry terminal. Three buildings have been filed, which means 18 residential units will split across 23,675 square feet of space, for 1,315 square-foot units on average. Staten Island-based Moss & Sayad Architects is the applicant of record.
Last year, YIMBY revealed renderings of The Iconic Group’s planned five-story, seven-unit mixed-use building at 170 South 1st Street, in western Williamsburg. Now Brownstoner reports the project is under construction, with steel framing above street level. The building will measure 16,183 square feet, and includes 4,130 and 435 square feet of warehouse/retail and community space, respectively. ND Architecture & Design is the architect of record, and completion is likely expected in 2016.
Vornado Realty Trust has purchased the seven-story Otis Elevator Building at 260 11th Avenue, in West Chelsea, for roughly $80 million in stock units, according to Bloomberg Business, and is leasing the land under the building for 99 years. Vornado is planning to convert the building into office space; an expansion is also possible as the building has available development rights.
If you don’t live downtown, you might be forgiven for not knowing that the Howard Hughes Corporation is trying to remake the South Street Seaport. One of the key components of that is the new Pier 17, which is already in the works. Though the plan hit a bump in the road at Tuesday’s session of the Landmarks Preservation Commission, they aren’t dead in the water.
A new dawn is coming for a lower Manhattan landmark. With Chase gone, the Landmarks Preservation Commission approved a proposal for an adaptive reuse of the plaza in front of the building formerly known as One Chase Manhattan Plaza (now 28 Liberty Street since Fosun International Ltd. bought). There will be ground floor retail and major changes to the plaza that should bring a lot of it back to its former glory.