Bridge Park 2

Parks Department Receives Funding For Bridge Park 2 Renovation, DUMBO

As the Jehovah’s Witnesses place their Brooklyn properties on the market, the group has agreed to give the city $5.5 million towards rebuilding Bridge Park 2, located below the Brooklyn-Queens Expressway in DUMBO. The park has been in limbo for over a decade, and previous plans to renovate and upgrade the dilapidated site never came to fruition. The redesigned park could have a skate park and a multipurpose field, although the Parks Department will have to finalize the redesign, according to the Brooklyn Paper.


105 Schenectady Avenue

Four-Story, Seven-Unit Residential Project Planned At 105 Schenectady Avenue, Crown Heights

Arbie Development has filed applications for a four-story, seven-unit residential building at 105 Schenectady Avenue, in eastern Crown Heights, located five blocks away from the Utica Avenue stop on the A and C trains. The structure will measure 6,861 square feet in total and residential units will spread across 4,978 square feet, which means units will average a rental-sized 711 square feet each. One of the units on the fourth floor will feature a fifth-floor penthouse. Forest Hills-based ARC Architecture + Design Studio is the architect of record and an existing three-story townhouse must first be demolished.


550 Madison Avenue

25,000 Square-Feet Of Retail Planned In Hotel-Condo Conversion Of Sony Tower, 550 Madison Avenue, Midtown

Early last month, the first rendering surfaced of Chetrit Group’s planned hotel-condo conversion of the 37-story, 855,000 square-foot office building at 550 Madison Avenue, between East 55th and 56th Streets in Midtown. Sony Tower’s 14th through 20th floors will be converted into a 170-key and will be operated by Oetker Collection Masterpiece Hotels. The 21st through 43rd floors will be converted into 113 condominiums, but Real Estate Weekly now has details on the three stories of redesigned retail at the bottom of the building. The retail space, formerly occupied by Sony, will measure 25,451 square feet in total and will be split into four separate leases. Robert A.M. Stern is designing, and completion of the conversion is expected in early 2018.