A very long process has finally reached its resolution. On Thursday, the plan to convert the landmarked former First Church of Christ, Scientist in New York City at 361 Central Park West into condominiums was voted down by the Board of Standards and Appeals.
Avery Hall Investments may be fighting Park Slopers to redevelop a Key Food on Fifth Avenue, but a dozen blocks north in Boerum Hill, their condo project is rising fast. YIMBY reader Tectonic recently swung by the site and brought us some shots of the progress.
As the MTA considers shutting down the L train for as long as three years, we’re glad to see Bushwick’s residential market chugging along in areas where residents can take other trains. On Thursday, new building applications were filed for an apartment building at 703 Hart Street in southern Bushwick.
Back in March, the Port Authority of New York & New Jersey (PANYNJ) officially approved plans to rebuild LaGuardia Airport, in East Elmhurst, in addition to incorporating a 24-hour ferry service and an AirTrain to help transport travelers. Now, LaGuardia Gateway Partners – comprised of Vantage Airport Group, Skanska, and Meridiam – has closed on a deal with the Port Authority to actually construct the project, and to operate the new 1.3-million-square-foot airport through 2050, according to Crain’s. Demolition is expected to begin within the next few months on the five-story parking garage in front of the Central Terminal building. The Central Terminal will be the first portion to be redeveloped and is expected to be complete by 2021, followed by Terminals C and D. The development team, which is putting up $1.8 billion of its own money, has already secured $2.5 billion in financing. The Port Authority is responsible for an additional $2.2 billion that will go towards infrastructure work.
Back in February, we learned that the New York City Department of Education (NYCDOE) and the School Construction Authority (SCA) are planning a 600-student elementary school on block “F” of the Hunters Point South mixed-use, mixed-income mega-development, located in southwestern Long Island City. Now, the Department of Housing Preservation and Development (HPD) is preparing to launch a Request for Proposals (RFP) for two residential portions of the mega-project, one located on block “F” adjacent to the school, and the other on block “G,” Crain’s reported. Together, the two buildings are expected to include at least 750 residential units, of which 450 would rent at below-market rates. There would also be retail space and some form of community facility space. Proposals will be due in September, and a development team will be selected in early 2017.
