Lightstone Group Tests Waters for 244-Unit Condominium Tower at 130 William Street, Financial District

6:30 am on January 4, 2017 By Reid Wilson

The Lightstone Group is now exploring market demand for a 244-unit condominium tower at its Financial District development site at 130 William Street. The developer is abandoning previous plans, filed in March 2015, for a 50-story residential-hotel tower, The Real Deal reported. The latest building applications at the Department of Buildings have been amended to reflect the change in plans. Although the number of units don’t match reports, the latest filings detail a 61-story, 188-unit tower with 15,373 square feet of retail across the cellar through second floors. The structure would measure 386,588 square feet and rise 750 feet in height. Goldstein, Hill & West Architects is the architect of record.

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1605 New York Avenue

Two Four-Story, Eight-Unit Residential Buildings Planned at 1605 New York Avenue, East Flatbush

6:00 am on January 4, 2017 By Reid Wilson

An anonymous Brooklyn-based LLC has filed applications for two four-story, eight-unit residential buildings at 1603 and 1605 New York Avenue, located on the southern end of East Flatbush. The buildings will measure 6,867 square feet each. Across both, the apartments should average 697 square feet apiece, indicative of rentals. Both will also include an upper penthouse level that will connect to the two apartments on the fourth floors. Jeffery S. Orling’s Mount Vernon, N.Y.-based architecture firm is the architect of record. The 4,000-square-foot lot is occupied by a two-story, wood-framed house. Demolition permits were filed in November.

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23 East 39th Street

27-Story, 97-Key Pestana Hotel Planned at 23 East 39th Street, Midtown East

1:00 pm on January 3, 2017 By Reid Wilson

The Pestana Hotel Group has purchased, for $16 million, a 99-year ground-lease for the 2,469-square-foot vacant lot at 23 East 39th Street, in Midtown East. The hotelier is planning to develop a 27-story, 97-key hotel at the site, Commercial Observer reported. Building permits, approved by the Department of Buildings in December 2015, are currently on file for a 27-story, 96-key structure, which YIMBY reported on in 2014. The plans indicate the tower will encompass 39,964 square feet and rise 273 feet to its pinnacle. Gene Kaufman’s SoHo-based architecture firm is behind the plans, although it wasn’t stated if Pestana will move forward with the same design. Arbalest Capital Corp. is the property owner. The site was home to a five-story building until March 2016, when it was demolished.

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38-07 31st Street

Six-Story, Nine-Unit Mixed-Use Building Planned at 38-07 31st Street, Long Island City

12:00 pm on January 3, 2017 By Reid Wilson

A Queens-based LLC has filed applications for a six-story, nine-unit mixed-use building at 38-07 31st Street, in the Dutch Kills section of Long Island City. The project will measure 11,203 square feet and rise 60 feet above street level. There will be 1,651 square feet of commercial-warehouse space on the ground floor, followed by residential units on the second through sixth floors. The apartments should average 726 square feet apiece, indicative of rentals. Emanuel Kambanis’s Long Island City-based GKA Design Group Inc. is the architect of record. The 25-foot-wide, 2,190-square-foot lot is occupied by a single-story warehouse. Demolition permits have not been filed.

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