420 Albee Square, rendering by KPF

New Details Revealed of Planned 500,000-Square-Foot Office Tower at 420 Albee Square, Downtown Brooklyn

11:00 am on September 13, 2016 By Reid Wilson

YIMBY revealed preliminary renderings of a planned office building at 420 Albee Square, in Downtown Brooklyn, when the New York City Economic Development Corporation announced the project back in November of 2015. Now, new details are emerging. Dubbed One Willoughby Square, it will measure roughly 500,000 square feet. Kohn Pedersen Fox is responsible for the design, although the final vision is still to be determined, the Wall Street Journal reported. It’s unclear how many floors there will be or how high the building will rise since new building applications have yet to be filed. The developers, JEMB Realty and Forest City Ratner Companies, are currently seeking an anchor tenant. Construction is expected to begin in 2017. The 22,840-square-foot site is currently vacant.

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1706 48th Street

Three-Story, Three-Unit Residential Building Coming to 1706 48th Street, Borough Park

10:00 am on September 13, 2016 By Reid Wilson

Property owner Chaim Sieger has filed applications for a three-story, three-unit residential project at 1706 48th Street, in Borough Park. The structure will measure 8,773 square feet and its full-floor residential units should average 2,193 square feet apiece, indicative of condominiums. It will be topped by a roof terrace. Kenneth Thomas’s Nanuet, N.Y.-based company is the applicant of record. The 3,656-square-foot property, located on the corner of Old New Utrecht Road, is currently occupied by a two-story house. Demolition permits were filed in March. The 18th Avenue stop on the F train is five blocks away.

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127-131 South 1st Street, photo via Investmates

Townhouses Come Together at 127-131 South 1st Street in Williamsburg

7:30 am on September 13, 2016 By Rebecca Baird-Remba

As residential towers begin to rise around the former Domino Sugar factory in South Williamsburg, a much more modest project is nearing the finish line a few blocks inland, on South 1st Street between Berry Street and Bedford Avenue. Investmates Real Estate is putting the finishing touches on four two-family townhouses as 127-131 South 1st Street, not far from the Williamsburg Bridge or the restaurants and shops along the waterfront.

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Westin New York Staten Island

New Details, Rendering of Lighthouse Point’s 12-Story, 175-Key Westin Hotel, St. George

7:00 am on September 13, 2016 By Reid Wilson

Now that phase one of St. George’s Lighthouse Point project – a 12-story, 116-unit mixed-use building with residential units and commercial space at 35A Bay Street – is under construction and gaining attention, Triangle Equities is shifting focus on to the second phase. The developer has partnered with Starwood Hotel & Resorts for a 12-story, 175-key Westin hotel, which will be built adjacent and connected to one of four existing industrial buildings, the Wall Street Journal reported. The hotel, dubbed the Westin New York Staten Island, will encompass 190,000 square feet and will include 15,000 square feet of event space. Many of its luxury amenities and a restaurant will be located in the industrial building. The other three industrial buildings will be redeveloped into an additional 30,000 square feet of mixed-use commercial space. Perkins Eastman is designing and Andres Escobar is responsible for the interiors, although new building applications haven’t been filed for the hotel. Completion of the hotel is expected in 2019.

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