Per The Real Deal, the Salvation Army has sold the development site spanning 176-180 Bedford Avenue, in northern Williamsburg, to Thor Equities for $36.1 million, which equates to $2,500 per square-foot. The site boasts 14,400 square feet of building potential, and undisclosed construction plans will almost surely include a large retail component.
While escalating prices are a bad thing, zoning limitations and historic districts are quickly turning the Lower East Side into one of the only parts of New York City where attractive and occasionally avant-garde architecture is legitimately feasible. YIMBY can now reveal the design for one of the neighborhood’s dwindling number of development sites, at 57 Orchard Street, where DXA Studio is designing a 15-story condominium tower.
A low-slung brick building at 555 Graham Avenue in Greenpoint is about to get a very unusual and glassy update, along with two extra floors of apartments.
Plans were filed yesterday to build a seven-story, 38-unit apartment building at 1930 Bedford Avenue between Fenimore and Hawthorne Streets in Prospect Lefferts Gardens.
The Wall Street Journal reports JetBlue Airways Corp. and MCR Development LLC are in advanced talks with the Port Authority to redevelop the vacant TWA Terminal at John F. Kennedy International Airport, in Queens. If a deal is agreed upon, a possibly $400 million project would include the construction of 500 hotel rooms split on either side of the terminal, and the likely conversion of the landmarked terminal structure into a restaurant.