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Nine-Story, 142,500-Square-Foot Commercial Building Rises Above Street Level at 540 West 26th Street, West Chelsea

Construction is up to the third floor on the nine-story, 142,554-square-foot mixed-use commercial building at 540 West 26th Street, in West Chelsea. The latest photos can be seen on the YIMBY Forums. The most recent building permits indicate the project will eventually measure 142,554 square feet and rise 135 feet above street level. The developers have already pre-leased 85,421 square feet across portions of the ground through fifth floors to Avenues: The World School, a private school. The sixth through ninth floors will contain office space and the ground floor will feature an art gallery space. The real estate fund Savanna and the Silvermintz family are developing the building, while Morris Adjmi Architects is designing it. Completion is expected in 2017.

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Jerome Avenue near Burnside Avenue

City Releases Plan to Rezone Jerome Avenue in the Bronx

Mayor Bill de Blasio’s first major housing victory came when the City Council successfully rezoned East New York in Brooklyn. Now, his administration is going to try and push another contentious rezoning through the public approval process, in order to redevelop the auto shop-filled Jerome Avenue in the Bronx.

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15 Lafayette Avenue

12-Story, 123-Unit Mixed-Use Building Rises Above Street Level at 15 Lafayette Avenue, Downtown Brooklyn

Construction is now two stories above street level at 15 Lafayette Avenue, in Downtown Brooklyn, where a 12-story, 123-unit mixed-use building is under development. The progress on construction can bee seen in photos posted to the YIMBY Forums by JC_Heights. The structure will eventually measure 120,093 square feet. There will be 21,000 square feet of cultural community space across parts of the cellar through second floors, with both the Center for Fiction and the Mark Morris Dance Group as tenants. The residential units, which will be rental apartments and begin on the third floor, should average 678 square feet apiece. Forty-nine of the apartments (40 percent) will rent at below-market rates through the housing lottery. Amenities include laundry facilities, storage for 62 bikes, two tenant lounges, a fitness center, and a rooftop terrace. The ground floor will also feature 2,622 square feet of retail space. Jonathan Rose Companies is the developer, while Dattner Architects is behind the design. Crews broke ground on the project in September of 2015, and completion can likely be expected in 2017.

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