The South Bronx is about to experience an unprecedented construction boom, and the Chetrit Group and Somerset Partners have jumped on the bandwagon by filing new building applications for two 25-story towers at 101 Lincoln Avenue and 2401 3rd Avenue in Mott Haven.
After the City Council greenlighted One Vanderbilt’s rezoning in May, it was only a matter of time until developer SL Green pushed forward with construction of the 67-story commercial tower. And on Friday, they filed plans for the project, under the property’s main address at 51 East 42nd Street.
Raymond Guindi has filed applications for a five-story, 25-unit residential building at 1 Brighton 3rd Road, in Brighton Beach, five blocks from the F train’s stop at Neptune Avenue. The building will measure 27,866 square feet, which means units will average 1,115 square feet, likely indicating condominiums. Downtown Brooklyn-based Sears Tambasco Architects is designing, and four single-story homes must first be demolished.
Rego Park-based Neriya Borukhov has filed applications for a seven-story, eight-unit mixed-use building at 253 Nostrand Avenue, in western Bedford-Stuyvesant, only steps away from the G train’s Nostrand stop. The building will measure 6,984 square feet in total, and will feature a 261 square-foot retail component on the ground floor. Starting on the second floor, residential units will average 840 square feet each. Roman Sorokko’s Douglaston-based Versatile Engineering is the applicant of record.
The Citizens Budget Commission released a report earlier this week that predicted the MTA wouldn’t be able to fully repair all 467 of its subway stations until 2067, with suggestions on how the transit authority could finance repairs faster. The group suggested raising money through public-private partnerships, which can be incredibly effective. But when they’re negotiated poorly, these partnerships can cost cities and states millions.
