Last year, Midtown-based Seritage Growth Properties (the real estate investment trust, or REIT, of Sears Holdings Inc.) acquired, for an unspecified amount, the 26.4-acre property at 195 North Broadway, in the hamlet of Hicksville, located in Nassau County, Long Island. Now, the REIT has proposed preliminary plans to build a 350-unit mixed-use complex on the site, according to Long Island Business News. They call for a two-story complex also containing retail space that includes a supermarket and shops, as well as a promenade. The property is currently occupied by a 156,000-square-foot Sears department store, a Sears auto center, a Chipotle restaurant, and a TD Bank. Everything would be demolished except for the TD Bank and Chipotle, which are located in separate small structures along North Broadway. The plans are at least a year-plus from getting underway, but the developer has already begun meeting with the Hicksville Community Council. The site is located seven blocks from the neighborhood’s Long Island Rail Road station.
Back in September of 2014, real estate investors Enrique Alonso and Katherine Pozycki-Alonso acquired, for $19.2 million, the three-story, 11-unit residential building at 138-140 West 11th Street, in Greenwich Village. Now, an unknown buyer has acquired the 12,000-square-foot property for $31 million and is planning to transform it into a single-family mansion, according to the Wall Street Journal. The structure, which previously contained two rent-stabilized apartments, is being delivered vacant. Extensive renovations to the interior are expected. The 5,450-square-foot lot currently contains 16,240 square feet of residential air rights, so an expansion is also possible. Any exterior alterations to the property must be approved by the Landmarks Preservation Commission, as the townhouses sit within the Greenwich Village Historic District.
One of the greatest single engineering challenges currently under construction in New York City has risen above ground. That project is the supertall mixed-use residential tower 111 West 57th Street, located just west of Sixth Avenue in Midtown, and we can see the construction progress on the Billionaires’ Row building thanks to several photos posted by YIMBY Forums users.
Tishman Speyer has filed plans for a two-tower commercial project in Long Island City, next to its 22-story office building known as Two Gotham Center.
Boaz Gilad’s Brookland Capital has become one of the most prolific small developers in Brooklyn, with projects from Williamsburg to Ocean Hill. Now, the Bed-Stuy-based firm has filed applications for eight stories of apartments at 15 East 19th Street, its sixth project in the neighborhood southeast of Prospect Park.