Early in 2014, YIMBY reported on applications for a seven-story, 37-unit residential building at 50 Clinton Street, on the Lower East Side, and later that year, DHA Capital acquired the development site for $28 million. Bowery Boogie now reports foundation work is well underway, although construction has been temporarily halted by stop work orders. Issac & Stern Architects is designing the project, which will also include 1,836 square feet of ground-floor retail space. The residential units will be condos and will average 1,023 square feet apiece. All but eight are in contract and completion is scheduled for the second half of 2016.
Property owner Lily Wang is renovating the three-story mixed-use property at 61 Canal Street, in Chinatown, Bowery Boogie reports. The 8,856 square-foot building will retain the same square-footage, although its 2,143 square feet of ground-floor retail will receive a gut rehabilitation. The Cheng Chio Buddhist Temple occupies the upper two floors and will remain in the building after the renovation. Sugnam Chang’s Brooklyn-based Basic Groups Corp. is the applicant of record, and completion is expected in late 2016.
Maxwell Development has filed applications for a seven-story, 20-unit mixed-use building at 225 West 140th Street, in northern Harlem, just north of Strivers’ Row. The project will measure 21,515 square feet in total and includes 2,561 square feet of medical facilities on the ground and basement levels. The residential units will average 948 square feet apiece and could either be rentals or condos. Suzanna Tharian’s NoHo-based STAT Architecture is the architect of record. The site’s five-story predecessor was demolished back in 1997.
Teamsters Local 813 and Local 27 IBT Pension Fund have acquired the two-story, 55,000 square-foot industrial building at 48-18 Van Dam Street, in Sunnyside’s western industrial neighborhood, for $20 million, according to Commercial Observer. The new owners plan to convert the building into commercial space, featuring retail space on the ground floor and office space on the second. Environetics is designing the project. Although the building is mostly vacant, three tenants remain in the building and their leases expire in no more than three years.
Solomon Schwimmer has filed applications for a six-story, eight-unit residential building at 56 Throop Avenue, in Broadway Triangle, located a block south of the Lorimer Street stop on the J and M trains. The structure will measure 12,931 square feet in total, which works out to units averaging a family-sized 1,616 square feet apiece. Brooklyn-based Asher Hershkowitz is the architect of record. An existing single-story warehouse must first be demolished.