150 20th Street

Six-Story, 87-Key Budget Hotel Coming To 150 20th Street, Greenwood

Yang Zhi Lu, doing business as Lower East Side-based Prospect Brothers Realty LLC, has filed applications for a six-story, 87-key hotel at 150 20th Street, in Greenwood, located five blocks south of the Prospect Avenue stop on the R train. The new building will encompass 29,278 square feet and its hotel rooms should average a budget-sized 287 square feet apiece. Guest amenities will include a meeting room on the ground floor, a breakfast area in the cellar, and 12 surface parking spots. Chinatown-based Jung Wor Chin Architect is the applicant of record. The project would replace a 125-foot-wide, single-story warehouse and demolition permits were filed in raze it this past December.

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99 and 103 Grove Street in January 2015, photo by Christopher Bride for PropertyShark

Boaz Gilad Plans Another in Bushwick: Permits Filed for 99 Grove Street

Prolific condo builder Boaz Gilad started out by developing new projects in Prospect Heights, Crown Heights, and Clinton Hill, where the market for buying condos and co-ops is pretty well-established. But the pursuit of cheaper land prices and bigger lots has pushed the Bed-Stuy based developer north and east into Bushwick. His firm, Brookland Capital, is currently working on eight buildings in the north Brooklyn neighborhood. Now they’ve filed plans for a ninth, at 99 Grove Street.

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Construction Underway At Bottega Veneta’s 740 Madison Avenue Boutique, Upper East Side

Construction of the 24,000-square-foot Bottega Venetta boutique store is in full swing at the intersection of Madison Avenue and East 64th Street. The retailer will occupy 740 Madison Avenue along with 23 and 25 East 64th Street. It acquired the property from the Wildenstein family of international art dealers in the fourth most expensive lease of 2014, with an estimated rent of $8 million. Sitting one block east of Central Park and a few blocks north of the Billionaires’ Row rising along 57th Street, the site is within the Upper East Side Historic District, meaning that the developer had to engage in a delicate design and approval process before starting work on the three 19th century buildings.

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