Teamsters Local 813 and Local 27 IBT Pension Fund have acquired the two-story, 55,000 square-foot industrial building at 48-18 Van Dam Street, in Sunnyside’s western industrial neighborhood, for $20 million, according to Commercial Observer. The new owners plan to convert the building into commercial space, featuring retail space on the ground floor and office space on the second. Environetics is designing the project. Although the building is mostly vacant, three tenants remain in the building and their leases expire in no more than three years.
Solomon Schwimmer has filed applications for a six-story, eight-unit residential building at 56 Throop Avenue, in Broadway Triangle, located a block south of the Lorimer Street stop on the J and M trains. The structure will measure 12,931 square feet in total, which works out to units averaging a family-sized 1,616 square feet apiece. Brooklyn-based Asher Hershkowitz is the architect of record. An existing single-story warehouse must first be demolished.
It was just last week that the Bauhouse Group announced they had obtained demolition permits for their 900-foot-tall residential tower planned at 428-432 East 58th Street, near Sutton Place. The project won’t be complete until 2019, but we now have an exclusive preview of the views from the Norman Foster-designed tower.
One of Mayor Bill de Blasio’s first triumphs in office was instituting universal pre-kindergarten across all five boroughs, and by this September, 65,500 kids were enrolled in the city’s pre-K program. Now the city’s School Construction Authority is planning for a three-story pre-kindergarten building at 359 93rd Street, between Third and Fourth Avenues in Bay Ridge.
A non-profit that develops affordable homes is expanding its Bed-Stuy office building into a seven-story rental building. Neighborhood Housing Services of Bedford-Stuyvesant sent along plans to add five stories of affordable apartments to the two-story structure at 1012 Gates Avenue, close to Broadway and the border with Bushwick.