Moin Development and SBE have received a $109 million loan for their planned SLS Hotel at 444 Park Avenue South, in NoMad, Commercial Observer reports. The former 14-story office building is being expanded to 20 stories and converted to 190 hotel rooms; multiple restaurants are also planned. Fortress Investment Group provided the loan, which recapitalizes and restructures existing debt. Completion is slated for Spring 2016.
Eugene Khody, operating under an anonymous LLC, has filed applications for a seven-story, seven-unit residential building at the 25-foot-wide vacant lot of 786 Park Place, in eastern Crown Heights, four blocks north of the Nostrand Av. stop on the 3 train. The building will measure just 4,865 square feet, which means units will likely be rentals, averaging 695 square feet. Richard Walsh, of Citiscape Consulting, is the applicant of record.
The five-story, 43,220 square-foot building dubbed 122 Community Center, at 150 1st Avenue, in the East Village, is currently being renovated and expanded to 52,380 square feet. EV Grieve notes interior demolition is currently underway, and the building will house The AID Service Center NYC, Mabou Mines, Painting Spaces 122 and PS122 when completed in Spring 2016. The Department of Cultural Affairs owns the building, and Deborah Berke Partners is designing the overhaul.
In January, Greystone snapped up a vacant lot next to the landmarked Brooklyn Lyceum in Park Slope for $13,500,000, and now YIMBY has the first look at the 12-story rental building planned for the site at 225 4th Avenue.
Meals on Wheels of Staten Island says it has outgrown its existing building and needs a new one. The city has found them a plot of land, officially listed as 460 Brielle Avenue, at the former Seaview Hospital site (which is across from the New York City Farm Colony, which is being redeveloped as a senior housing complex called Landmark Colony). The design was presented to the Landmarks Preservation Commission on Tuesday, but did not pass muster. The commissioners didn’t feel it fit in well enough with its surroundings.