Construction of the 24,000-square-foot Bottega Venetta boutique store is in full swing at the intersection of Madison Avenue and East 64th Street. The retailer will occupy 740 Madison Avenue along with 23 and 25 East 64th Street. It acquired the property from the Wildenstein family of international art dealers in the fourth most expensive lease of 2014, with an estimated rent of $8 million. Sitting one block east of Central Park and a few blocks north of the Billionaires’ Row rising along 57th Street, the site is within the Upper East Side Historic District, meaning that the developer had to engage in a delicate design and approval process before starting work on the three 19th century buildings.
Since the 2005 rezoning of Greenpoint and Williamsburg, the city has slowly been building out Bushwick Inlet Park, which was planned to span the waterfront from North 7th to 15th streets when combined with the East River State Park. A large swath of the waterfront is still occupied by CitiStorage warehouses between North 10th and 12th streets, and that site is expected to be sold to a team of developers, but the city is moving in to acquire the swath of land at 1 North 12th Street, between North 12th and 14th streets. The city is paying $53 million for the seven-acre plot of land, currently occupied by a three-story warehouses and the Bayside Fuel Oil Depot’s storage tanks, according to The Real Deal. If the initial plans are executed, the city will demolish everything and convert the entire lot into public park space. The new park space would be located right across Bushwick Inlet from the planned USS Monitor Park.
Staten Island Community Board 1 has voted to disapprove Camelot’s plans for a four-story, 35-bed drug rehabilitation facility at 263 Port Richmond Avenue, on the western end of Port Richmond, on Staten Island’s north shore, DNAinfo reports. The New York State Office of Alcoholism and Substance Abuse Services (OASAS) granted the project $1 million in January. The project’s local opposition comes as Staten Island suffers from some the highest rate of drug overdoses in the city. It would replace Camelot’s existing two-story facility, although demolition permits have not been filed yet. Construction is expected to begin in 2017, with opening targeted for 2019.
Habitat for Humanity’s New York City branch is planning to build two four-story, four-unit residential buildings at 329-331 Ralph Avenue, in Ocean Hill, located two blocks south of the Ralph Avenue stop on the C train. According to DNAinfo, all the full-floor residential units will be co-ops, with two of them having one-bedroom layouts and the other six having two-bedrooms. The buildings were filed with the Department of Buildings last October, and will measure 4,380 and 4,500 square feet each, respectively. That means units will average 1,110 square feet across both structures. All of the units will be sold at below-market rates to households making between 50 to 80 percent of the area median income (AMI). David Cunningham Architecture Planning is the architect of record. Groundbreaking is scheduled for this summer and completion is expected in early 2017.
Moshe J. Halberstam, of Brooklyn-based Diamond Property Management Inc., has filed applications for a three-story, three-unit residential building at 1771 49th Street, in southern Borough Park, located five blocks from the 18th Avenue stop on the F train. The new building will encompass 7,038 square feet, with 5,279 square feet designated for residential space. That means full-floor residential units should average a spacious 1,760 square feet apiece, indicative of family-sized condominiums. Hudson Valley-based Kenneth Thomas is the architect of record. The 35-foot-wide lot’s deteriorating two-story, two-unit residential building was demolished during the summer of 2015.