Late last year, YIMBY brought you news of Rabsky Group’s 12-story, 129-rental-unit building planned at 581 Fourth Avenue, in South Slope, and then renderings surfaced of the Karl Fischer-designed structure over the summer. Now, The Daten Group is paying $24 million for the assemblage, and the 12-story building will instead have 65 condominiums. Kutnicki Bernstein Architects is replacing Fischer, and demolition of the existing low-rise structures at 575-581 4th Avenue and 189-195 Prospect Avenue will begin in the fall. The original permits also included nearly 2,400 square feet of retail space. [The Real Deal]
When WeWork announced its plans to anchor a 675,000-square-foot office building on a vacant dry dock at the Brooklyn Navy Yard, a few critics came out of the woodwork to lament the yard’s gradually disappearing industrial tenants, like modular housing builder Capsys.
Property owner Yaniv Zohar, doing business as Z-Group Holding Corp., has filed applications for a four-story, three-unit residential building at 45 Irving Place, in southern Clinton Hill, four blocks from the C train’s Franklin Avenue stop. The building will measure 4,832 square feet, and triplex units will measure an average 1,610 square feet. Williamsburg-based Adi Gershoni is the architect of record, and an existing two-story structure must first be demolished.
A U.S. subsidiary of Beijing-based China Oceanwide Holdings has made a deal with Howard Hughes Corp. to purchase the development site at 80 South Street, in the Financial District, for $390 million, according to Crain’s. Along with the five-story building at 80 South Street, the assemblage includes the 10-story building at 163 Front Street. The site boasts 820,000 square feet of development rights, with residential space allowed to span 440,000 square feet while the remainder designated for some form of commercial space.
G&S Developments has filed applications for twin two-story, two-unit residential buildings spanning the lots at 144-19 – 144-23 224th Street, in Brookville, six blocks south of the LIRR’s Laurelton station. The four total residential units will spread across 4,858 square feet, for units averaging 1,215 square feet apiece. Sion Hourizadeh’s Floral Park-based Sion Associates is the applicant of record, and an existing single-family home must first be demolished.