Sterling Town Equities has acquired the two-story commercial building and adjacent vacant lot at 186-190 21st Street, off Fourth Avenue in South Slope, for $6 million. The new owners plan to demolish the existing structure to make way for a condominium development, according to Commercial Observer. The property boasts 20,034 square feet of building potential, and the purchase was made in cash.
The first condos hit the market last week at 550 Vanderbilt Avenue in the Atlantic Yards/Pacific Park development, and YIMBY has a few attractive renderings of the building’s amenity spaces and lobby.
Over a year ago, WyckoffHeights.org got the first look at this unusual expansion for a two-story warehouse at 482 Seneca Avenue in Ridgewood. Now YIMBY has new renderings for the project, a planned enlargement into a four-story apartment building.
Alma Realty’s gigantic 17-story, two-tower development is growing along the Long Island City waterfront at 34-46 Vernon Boulevard.
BRP Companies has acquired the development assemblage at 93-01 Sutphin Boulevard, immediately north of Jamaica Center in Downtown Jamaica, for $19.5 million. The developer plans to build a mixed-use, two-building project measuring a total 755,000 square feet. Retail space will measure 100,000 square feet across a three-story podium, and 580 residential units are expected between 26- and 14-story buildings. Construction is slated to begin later this year, although a slew of low-rise commercial buildings must first be demolished. FXFOWLE is designing.