Midtown Equities has tasked Cushman & Wakefield to market the development site at 205 Montague Street, in Downtown Brooklyn, for more than $200 million, according to Crain’s. The property boasts 300,000 square feet of development rights, and the developer has drafted plans for a 44-story residential tower as well as a 62-story version. A relatively small portion of commercial space is included in the base of the tower, where a five-story office and retail building currently sits. Midtown Equities acquired the site for $33 million in 2010.
In September, YIMBY revealed renderings for an office and retail conversion of the two-story, 20,000 square-foot building at 120 North 6th Street, in north Williamsburg, and now renderings have surfaced for another similar development right across the street at 124-136 North 6th Street. At Nos. 124-136, Thor Equities is planning to expand the existing single-story building into a three-story, 20,400 square-foot retail and manufacturing property, with retail on the ground floor and manufacturing on the second and third floors. Building Studio Architects is the architect of record.
Construction at 100 Greenwich Street is in full swing, as the 25 story hotel’s lower levels are now taking shape. The building was designed by architect Gene Kaufman, whose similarly scaled hotel at 6 Water Street is currently rising on Manhattan’s southern tip.
The southeastern Bronx neighborhood of Hunts Point is physically isolated, transit-starved, and sees very little new construction. So when a building owner there files plans to expand a single-story storefront into a four-story residential building, it’s noteworthy.
A trio of affordable housing developers have been building the huge, mixed-income Navy Green project next to the Navy Yard for nearly a decade, and now the final piece—23 townhouses—is under construction. A crop of single-family homes is taking shape on Vanderbilt and Clermont Avenues between Flushing and Park Avenues, on the border of Fort Greene and Clinton Hill.