JTRE Holdings is in contract to acquire the four-story J.P. Morgan & Co. Building at 23 Wall Street, located at the corner of Broad Street in the Financial District, for an undisclosed sum of less than $150 million, the New York Post reported. The structure, an individual landmark, has long been used as an office building, once housing the private offices of J.P Morgan himself. The 160,000-square-foot building currently sits vacant. Plans have not been disclosed for the property, although the developer specializes in retail. The Landmarks Preservation Commission must approve any exterior alterations. A 2015 proposal for a multi-function entertainment venue never came to fruition.
The dilapidating and vacant four-story, 6,680-square-foot industrial building at 184 Fourth Avenue, located on the corner of Degraw Street in northern Gowanus, is set to be converted into office space, DNAinfo reported. Brooklyn-based property owner Henry Azcue is leading the conversion. The ground and cellar levels will host a single-car garage and storage space, while office space will fill the second through fourth floors. Scott Schnall’s Brooklyn-based architecture firm is the architect of record. Though work on the conversion has yet to begin, the exterior benefits from a previous clean up.
Permits have been approved for two attached three-story, three-unit residential buildings at 2054 85th Street, in southern Bensonhurst. Each will measure 3,782 square feet and have full-floor residential units that should average 1,239 square feet apiece, indicative of condominiums. There will be a total of six off-street parking spaces. An anonymous Bayside-based LLC is listed as the property owner and Steven Schneider’s New Jersey-based Schneider Associates is the architect of record. The 6,000-square-foot property was previously occupied by two two-and-a-half-story houses until they were demolished in March of 2015. The 20th Avenue stop on the D train is around the corner.
Staten Island-based property owner James Mangone has filed applications for two three-story, two-family houses at 370-374 Crystal Avenue, in Westerleigh. That’s a neighborhood just north of CUNY College of Staten Island. Each of the buildings will measure 3,459 square feet. In both, there will be one unit on the ground floor, followed by a second unit on the two upper floors. They should average 1,198 square feet apiece, indicative of family-sized apartments. Each will come with a single-car, 297-square-foot garage. James V. Morri’s Staten Island-based architecture firm is the architect of record. The 8,000-square-foot plot was occupied by a single-story house until that was demolished earlier this month.
Plenty of attention has been paid to Oxford and Related’s Hudson Yards, but just next to that mega-development is another. That is Manhattan West, from developer Brookfield Properties, and its first new office tower is quickly rising above ground.