860 East 147th Street

12-Story, 165-Unit All-Affordable Residential Building Proposed at 860 East 147th Street, Mott Haven

11:00 am on June 2, 2016 By Reid Wilson

Back in December of 2014, YIMBY reported on applications for a nine-story, 94-key hotel at 860 East 147th Street, in eastern Mott Haven, located two blocks from the East 149th Street stop on the 6 train. Now, Radson Development is proposing to develop a 12-story, 165-unit all-affordable residential project at 860-880 East 147th Street, DNAinfo reported. The developer is currently taking the 170,000-square-foot project, which requires an individual rezoning, through the city’s Uniform Land Use Review Procedure (ULURP). It recently received approval from Bronx Community Board 1 under certain conditions, including that the property at 860 East 147th Street, where the owner filed plans for a hotel, is to be excluded from the rezoning. If approved, the new building, dubbed Dr. Martin Luther King Jr. Plaza, would rent all its units, which would be rental apartments ranging from studio to three-bedrooms, to extremely low- and low-income households. Amenities include a community room, laundry facilities, and rooftop terraces. Magnusson Architecture and Planning (MAP) is designing. Construction is tentatively scheduled to begin in early 2017 and be completed in late 2018. Five two- and three-story townhouses must first be demolished.

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730 Fifth Avenue

Office-to-Luxury Hotel-Residential Conversion Planned at Crown Building in Midtown

10:00 am on June 2, 2016 By Reid Wilson

In early 2015, Wharton Properties and General Growth Properties (GGP) acquired, for $1.75 billion, the Crown Building – a 25-story, 385,600-square-foot multi-use commercial building – at 730 Fifth Avenue, located on the corner of West 57th Street in Midtown. Now, it’s been disclosed that developer Michael Shvo and Russian investor Vladislav Doronin are planning to acquire a large portion of the building for a mixed-use conversion project, the New York Post reported. The duo want to convert the upper floors of the current office building into an Aman hotel and 23 ultra-luxury condominium units. Wharton and GGP recently bought out the last remaining office tenant. The current owners plan to lease the remainder of the property that isn’t sold to Doronin and Shvo as retail. The retail space is currently being newly renovated and is expected to take up at least the first four above grade levels. Late last year, it was reported that Bulgari signed a 15-year lease on the ground floor.

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112 Fleet Place, image via Google Maps

Permits Filed: 112 Fleet Place, Downtown Brooklyn

7:00 am on June 2, 2016 By Rebecca Baird-Remba

Most new construction in Downtown Brooklyn easily falls into the category of “megaproject,” from the residential towers and mall of City Point to John Catsimatidis’ 32-story residential development at 86 Fleet Place. But every once in a while, someone files a somewhat reasonably sized building on a small lot there. Yesterday’s crop of filings brought a new building application for a skinny, 11-story residential development at 112 Fleet Place.

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