Extell Development is in contract to purchase the single-story grocery store at 350 East 86th Street, on the Upper East Side, for $100 million, Crain’s reports. The developer also owns neighboring sites, and can build a 20-story, 230,000 square-foot condominium building, with 200 units and retail space. The acquisition is expected to close next year, also when Gristedes’ lease expires. Extell’s plans have yet to be disclosed, and assemblage could be expanded with further acquisitions.
The concept of retaining Park Slope’s Pavilion cinema in a new, smaller form while converting the rest of the building and demolishing the neighboring one-story building for apartments was welcomed by the Landmarks Preservation Commission on Tuesday. However, the current proposal could not pass muster. Put simply, it was seen as out of scale by many of the commissioners. The sentiment was shared by the public.
A vacant lot in Brooklyn’s Clinton Hill neighborhood will be no more. On Tuesday, the Landmarks Preservation Commission approved a new building for 145 Gates Avenue (at the corner of Grand Avenue). The structure will be a three-story house (four with the cellar) with four bedrooms in the Italianate style.
The blocks between Court Square and Queensboro Plaza might have more new construction than anywhere else in the city, and today YIMBY has new renderings for one of the hood’s biggest new buildings, the 45-story tower rising at 23-10 Queens Plaza South.
Savanna has filed applications for a variance to build a 44-story, 310,000 square-foot mixed-use building at 141 Willoughby Street, in Downtown Brooklyn. In exchange for the rezoning, 30 percent of the building’s 270 residential units would be set aside as affordable. At the base, 28,000 square feet of retail space would span the ground and second floors, in addition to 34,000 square feet of office space on the third and fourth floors, according to The Real Deal. An existing three-story building must first be demolished.