Cape Advisors has acquired an assemblage of six buildings on West Broadway between Warren and Murray Streets, in Tribeca, for $50 million. The new owner is planning to demolish the existing properties for a condominium building measuring 46,000 square feet. Cushman & Wakefield marketed the property, and the deal broke $1,000 per square-foot, per Crain’s Business.
On the corner of Wythe Avenue and Rutledge Street, in South Williamsburg, a long-stalled development is finally getting underway at 782 Wythe Avenue. Permits were first filed nearly a decade ago in 2006, but applications for a gut-renovation and conversion were approved this past March, and now YIMBY has the first rendering of the project, which will transform an old commercial building into a synagogue for the Viznitz Congregation.
Development in the towns along the Hudson River is slowly starting to pick up, and now YIMBY has a rendering for a new luxury rental project in Hastings-on-Hudson, the Lofts on Saw Mill River.
The eclectic facade design has finally emerged for two four-story buildings going up at 1444-1446 Bedford Avenue in Crown Heights, after a year and a half of construction.
Abraham Strulovitch had originally filed applications in December, during the building code crunch, for a residential project at 3707 Blackstone Avenue, in the more built-up southern portion of Riverdale. Amendments to the plan now call for an eight-story, 68-unit residential building measuring 40,520 square feet, which will span 3707-3719 Blackstone Avenue and 620 West 238th Street. The average unit will fall just short of 600 square feet, likely indicating rentals, and Shahriar Afshari is designing. The site has been rid of its two-story predecessor, which sat dilapidated until its demise in 2014.