Kushner Companies and CIM Group plan to convert the 26-story, 470,000 square-foot office building at 2 Rector Street, in the Financial District, into 452 rental units. The property is currently 84 percent occupied, with the building’s largest lease running until 2022. The team acquired the building for $140 million in 2013.
Applications filed in April 2014 have resurfaced again calling for a seven-story, 59-unit mixed-use building at 98-02 – 98-12 Queens Boulevard, two blocks east from the 63rd Drive stop on the M and R lines, in Rego Park. Bahar Corporation is developing the 46,410 square-foot building, which will feature retail space in the cellar and 7,000 square feet of community space on the first floor. Peter Casini is the architect of record, and a single-story commercial building must first be demolished.
Back in July of 2014, YIMBY reported on the first filings for a new development coming to 150 East 23rd Street, between Lexington and Third Avenues, in Gramercy. The 19-story project is being designed by ODA Architecture, and we now have the reveal for the building, which is being developed by Kent Chang of LKH 23rd LLC.
Earlier this month, developer Ranger Properties paid $22,000,000 for two buildings at the corner of University Place and East 13th Street, in the heart of the Village near Union Square. Then EV Grieve reported that longtime stalwart University Place Gourmet had shuttered, along with a Chinese laundry around the corner on 13th Street. Now plans have been filed to construct a seven-story apartment building on the site at 34 East 13th Street, and Adjmi Architects is designing.
At the very end of Bloomberg’s term as mayor, the city unveiled plans to transform a vacant city-owned tract in the Melrose neighborhood of the South Bronx into a million-square-foot affordable housing complex known as La Central. Now a new building application has been filed for the first part of the project, a nine-story supportive housing development at 626 Bergen Avenue.