PWR Holdings has placed the development site at 111 Montgomery Street, in western Crown Heights, on the market with an asking price in the mid-$40 million, according to Commercial Observer. The 22,000 square-foot site boasts 168,000 square feet of development rights. New building applications were filed to build a 12-story, 173-unit apartment building on the property in March.
Last month, Italian developer Est4te Four announced that they needed a partner willing to shell out at least $100 million to build a huge office project along the Red Hook waterfront. Now YIMBY’s got a new set of renderings for the development, which was recently named Red Hook Innovation Studios.
When it comes to sweeping and far-reaching change, few areas have transformed as rapidly as West Chelsea. But while condo-fication is normally associated with displacement of galleries, that is not the case here, and now demolition applications have been filed for an old building at 542 West 22nd Street, which will be cleared to make way for a new outpost by Hauser & Wirth.
A stalled residential development at 531 Coney Island Avenue, on the border between Ditmas Park and Kensington in Brooklyn, is finally coming back to life. A tipster sent along this photo of the site at the corner of Hinckley Place, adding that the schematics were posted on the construction fence earlier this month.
Roughly a year ago, YIMBY reported on filings for Essex Crossing‘s 15-story, 211-unit mixed-use building planned at 145 Clinton Street, on the Lower East Side, and last January we revealed renderings of the project. The 300,000 square-foot building includes 43,000 square feet of commercial space, and Planet Fitness is now expected to lease 22,000 square feet on the second floor, The Lo-Down reports. A 30,000 square-foot grocery store is also planned for the ground floor, though it currently lacks a confirmed tenant.
