39-08 Janet Place

High-Profile Mixed-Use Development Site Up For Sale At 39-08 Janet Place, Flushing West Rezoning Area

6:30 am on March 18, 2016 By Reid Wilson

Property owners ABS Management & Development and Babad Management are now placing on the market the 3.7-acre vacant development site at 39-08 Janet Place (a.k.a 131-35 Roosevelt Avenue), in Downtown Flushing. The Real Deal reports the site currently offers 870,000 square feet of development rights. A five-tower, 450-unit mixed-use project was approved by the city before the 2008 financial crisis. It was going to be built by LEV Development Group and was designed by Ismael Leyva Architect, but it never got off the ground. Today, the plot is subject to the proposed Flushing West Rezoning, and, if established, would be located within the rezoning’s special waterfront district. That means a future development may require the construction of a waterfront promenade along Flushing Creek (although we don’t know if the rezoning means that the site would get more development rights). The site doesn’t have an asking price, although brokers expect the site to generate more than $120 million.

1080 Broadway

Construction Wraps on Eight-Story, 70-Key Hotel at 1080 Broadway, Bedford-Stuyvesant

6:00 am on March 18, 2016 By Reid Wilson

New building applications were originally filed back in 2013 for an eight-story, 70-key hotel at 1080 Broadway, on the edge of Bedford-Stuyvesant, located two blocks from the Kosciuszko Street stop on the J train. DNAinfo now reports construction on the hotel is nearly complete. The structure measures a total 34,365 square feet and the ground floor will host retail space. The project will also host cultural events and presentations. When it opens in 2017, the hotel will be operated by Red Lion Hotels Corporation’s Hotel RL brand. ABCNY is the developer and Salamon Engineering Group is the applicant of record.

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290 Grand Street

Two-Story Multi-Use Commercial Conversion Finished At 290 Grand Street, Lower East Side

4:00 pm on March 17, 2016 By Reid Wilson

Back in November of 2015, the two-story building at 290 Grand Street, on the Lower East Side, was being converted into 4,288 square feet of commercial space by its owner Cheuk Fan Cheung. Bowery Boogie now reports that construction has finished and scaffolding is being removed from the structure. The building is practically unrecognizable, as a completely new façade was installed as well as future storefronts and windows. The commercial space will be split between retail and office space. There will be three ground-floor retail units, and the second floor and cellar spaces will be leased to non-medical office tenants. Jianxiong Wang’s JW Engineering Consulting is the applicant of record. Opening will likely happen soon.

168 Monroe Street

Four-Story, Two-Unit Townhouse Coming To 168 Monroe Street, Bedford-Stuyvesant

3:00 pm on March 17, 2016 By Reid Wilson

Elad Ben-Kimon, doing business as a Brooklyn-based LLC, has filed applications for a four-story, two-family residential building at 168 Monroe Street, in western Bedford-Stuyvesant, located seven blocks north of the Nostrand Avenue stop on the A/C trains. The new building will measure 3,900 square feet in total. One unit would be located on the ground-floor/basement level, and the second unit would span the second through fourth floors in a townhouse-style fashion. Arnold Montag’s Great Neck-based AM/PM Design & Consulting is the architect of record. Demolition permits were filed back in January to raze the 20-foot-wide lot’s existing two-and-a-half-story house.

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842 Liberty Avenue

Four-Story, Six-Unit Mixed-Use Building Planned At 842 Liberty Avenue, East New York

2:00 pm on March 17, 2016 By Reid Wilson

Long Island-based property owner Genara Gonzalez has filed applications for a four-story, six-unit mixed-use building at 842 Liberty Avenue, in northern East New York, located three blocks south of the Norwood Avenue stop on the J/Z trains. As proposed, the new building would measure just 3,203 square feet and include a 953 square-foot doctors office on the ground floor. The residential units would be extremely small, averaging 375 square feet apiece. But those plans could soon be replaced with a larger building, thanks to the proposed East New York rezoning. If approved, the site could accommodate a maximum of 3,600 square feet of commercial space and 5,400 square feet of residential space in the form of a four- to six-story building. Yonkers, N.Y.-based Leder-Luis Architectural Design is the architect of record. The 20-foot-wide lot is vacant.

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