Earlier this year, the landmarked buildings at 4302 4th Avenue, in northern Sunset Park, were placed on the market as a development site, and now Yosef Streicher has purchased the property for $6 million, according to Commercial Observer. The dilapidating two- and three-story buildings, which amount to nearly 20,000 square feet, need to be gut-renovated, and 14,567 square feet of unused air rights can be used for an expansion. No plans have been disclosed, but changes to the facade would require approval from the LPC.
Earlier this year, applications were filed for a two-family building at 953 Pacific Street, in northwestern Crown Heights, but those plans have since been scraped and a new application calls for a four-story, three-unit residential building, according to DNAinfo. The building will measure 3,984 square feet, with units averaging 1,328 square feet, and Infinity Properties is developing. Suresh Manchanda’s L&C Associates is the architect of record.
Construction is wrapping up at the seven-story, 46-unit subsidized rental building at 382 Lefferts Avenue, in Prospect Lefferts Gardens, just a block from the 2/5 subway’s Sterling Street stop. In 2007, developer Tali Realty began construction with plans to build 26 condos, but after the financial crisis stalled the project, the City provided funding in return for an all-affordable building, according to Brownstoner. Units are currently in the applications process, and the building will likely open before 2016. Amie Gross is the architect of record.
Related’s redevelopment of the formerly open-air West Side railyards is now becoming very apparent on the skyline, thanks to the rapidly rising 10 Hudson Yards. The Kohn Pedersen Fox-designed tower is closing in on its pinnacle, and the latest photo sent in by reader Mike McLaughlin shows its newly prominent position on the horizon.
Most of Williamsburg’s larger buildings have grown on the Northside, where waterfront parcels were deliberately upzoned. But every once in a while, a developer manages to snag a fairly large parcel like 329 Broadway, on the corner of Rodney Street beneath the elevated J/M/Z tracks.