472 Atlantic Avenue

Two-Building, 30-Unit Condo Development Rises At 465 Pacific Street, Boerum Hill

2:00 pm on February 16, 2016 By Reid Wilson

Back in August of 2015, developers broke ground on the two-building, 30-unit condominium development planned at 465 Pacific Street (a.k.a. 472 Atlantic Avenue), in Boerum Hill. Brownstoner now reports the southern seven-story portion, located on Pacific Street, has topped out, and the six-story portion, being built on Atlantic Avenue, is three stories above street level. The entire project will encompass 84,767 square feet, and the northern building will include 6,982 square feet of ground-floor retail space. The condos will come in one- to five-bedroom configurations and 14 of them will feature private outdoor space. Amenities include a lounge, a children’s playroom, a gym, a 1,300-square-foot rooftop terrace, and storage space. Aria Development Group and Avery Hall Investments are developing, and Morris Adjmi Architects is designing. Completion is expected in late 2017.

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38-38 11th Street

Nine-Story, 30-Key Hotel Planned At 38-38 11th Street, Long Island City

1:00 pm on February 16, 2016 By Reid Wilson

Property owner Moshe Granit has filed applications for a nine-story, 30-key hotel at 38-38 11th Street, in northern Long Island City’s Ravenswood section, located four blocks from the 21st Street – Queensbridge stop on the F train. The new building will measure 15,664 square feet on the 25-foot-wide lot. There will be four or three hotel rooms on each floor, a lobby on the ground floor, and a breakfast area in the cellar. Individual hotel suites will average roughly 440 square feet apiece, which is relatively large. Jamaica-based Manish S. Savani is the architect of record. The 2,152-square-foot plot of land is currently vacant.

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106 West 56th Street

26-Story, 90,000 Square-Foot Office Building Planned At 106 West 56th Street, Midtown

11:00 am on February 16, 2016 By Reid Wilson

Savanna and Hong Kong-based Atom Assets have acquired the nine-story, 36,000 square-foot building at 106 West 56th Street, in Midtown between Sixth and Seventh avenues, for an undisclosed amount. Crain’s reports the developers are planning to build a 26-story, 90,000 square-foot boutique office building. Zoning allows for the project to have up to 75,315 square feet of commercial space, and the building’s office floors will range from 5,000 to 2,000 square feet each. Perkins Eastman will be responsible for the design. The property’s current tenant has a year to vacate from the site, although demolition permits were already filed this past January to raze the building. Completion is tentatively expected in 2019.

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1289 Lexington Avenue

Developers File For 18-Story, 63-Unit Mixed-Use Building At 147 East 86th Street, Upper East Side

10:00 am on February 16, 2016 By Reid Wilson

This past summer, YIMBY revealed renderings of the planned 18-story, 63-unit mixed-use building planned at 147 East 86th Street (a.k.a 1289 Lexington Avenue), on the Upper East Side. Now its developers – Ceruzzi Properties, Kuafu Properties, and Stillman Development – have filed applications with the Department of Buildings. The new building will span 229,751 square feet in total, and the cellar through the second floors will contain 26,718 square feet of commercial space. The NY Sports Club is expected to occupy two floors in the building. The third floor will contain residential amenity space, featuring lounge spaces, a children’s playroom, and a gym. The condominium units, ranging from two- to five-bedrooms and averaging 2,800 square feet apiece, will also begin on the third floor. Hellmuth, Obata + Kassabaum (HOK) is designing and completion is expected in 2018. Two existing low-rise commercial buildings must first be demolished. [The Real Deal]

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