New York YIMBY

Investor Purchases Stake At Planned 14-Story, 156-Key Hotel & Retail Conversion At 86 Trinity Place, FiDi

11:00 am on December 15, 2015 By Reid Wilson

Clarion Partners has purchased a 70 percent stake in the vacant 14-story, 182,000 square-foot American Stock Exchange Building at 86 Trinity Place, in the Financial District. Clarion payed $105 million to GHC Development, and the developer plans to convert the former office building into commercial-retail and a 156-key hotel. Retail space will be located from the ground floor through the fifth floor, while the hotel will be located on the upper floors. A restaurant will be built on the sixth floor. The building’s floor area will technically be expanded, thanks to expansions on the fourth floor, the addition of a fifth floor, and enlargements towards the top of the building. David Nicholson’s Hell’s Kitchen-based SBLM Architects is the architect of record. [The Real Deal]

Seven-Story, 74-Unit Residential Project Officially Tops Out At 51 Jay Street, DUMBO

10:00 am on December 15, 2015 By Reid Wilson

Last week, Brownstoner brought us a construction update on the seven-story, 74-unit residential redevelopment at 51 Jay Street, in DUMBO, and now YIMBY can announce the expansion project has officially topped out. Its residential units average 1,815 square feet apiece and have commanded one of the highest price per-square-foot figures in the neighborhood, selling at $2,083 per-square-foot. The building is nearly 75 percent sold, as reported earlier, and move-ins are expected sometime next summer or fall. Residents will have a slew of amenities available to them, and 1,333 square feet of retail space is planned on the ground floor. Slate Property Group and Adam America Real Estate are the developers, while ODA Architecture designed the project.

Rendering of the TWA Flight Center Hotel. Via MCR Development.

Developer Begins City Review Process For TWA Flight Center Hotel at JFK Airport

8:00 am on December 15, 2015 By Evan Bindelglass

The TWA Flight Center at John F. Kennedy International Airport has been out of commission for 14 years, but if all goes according to plan, it will welcome a new slew of visitors starting in just a few years. MCR Development is planning to redevelop the landmarked 1962 Eero Saarinen building into the TWA Flight Center Hotel. It got approval from the Port Authority of New York and New Jersey in September, but yesterday announced that it is commencing the city’s Uniform Land Use Review Procedure, or ULURP.

12 Franklin Avenue, rendering by Karl Fischer Architect

Revealed: 12 Franklin Avenue, Yeshiva Expansion in South Williamsburg

7:30 am on December 15, 2015 By Rebecca Baird-Remba

A curved brick factory turned yeshiva is expanding at the corner of Flushing and Franklin Avenues, in the borderlands between Williamsburg and Bed-Stuy, and YIMBY has a rendering of what the school will look like once renovations finish.

Construction Update: 100 Barrow Street, West Village

7:00 am on December 15, 2015 By Rebecca Baird-Remba

The Toll Brothers’ new condo building is rising fast on the campus of the Church of St. Luke in the Fields in the West Village, and Tectonic captured some photos of the construction progress. The structure at 100 Barrow Street has reached six stories so far, but it will ultimately top out at 12 stories tall.

Bronx General Post Office Renovation To Feature Less Visible Rooftop Addition

6:30 am on December 15, 2015 By Evan Bindelglass

Back in February, the Landmarks Preservation Commission approved a massive renovation and restoration of the Bronx General Post Office. Located at 558 Grand Concourse, the property is a city individual and interior landmark. Now, the renovation design has changed slightly and the changes were well-received by the commissioners.

High-Rise Condo Tower Planned At Union Theological Seminary, Morningside Heights

6:00 am on December 15, 2015 By Reid Wilson

Union Theological Seminary – located at 3041 Broadway, between West 120th and 122nd Street in Morningside Heights – is proposing to co-develop a condominium tower located on the campus’s northern quadrangle. The seminary would sell 350,000 square feet of air rights in the process, which would go towards a slender tower, potentially rising 35 to 40 stories in height. L&M Development Partners would be the developer, and the profits would go towards a needed $100 million renovation of the aging academic buildings, according to the Wall Street Journal.

Three-Story Office & Retail Conversion Underway At 74 Kent Street, Greenpoint

4:00 pm on December 14, 2015 By Reid Wilson

In mid-2014, Caerus Group acquired the three-story former Eberhard Pencil Factory building at 74 Kent Street, in Greenpoint, for $7.5 million. Now, the developer is converting the landmarked, 17,413 square-foot property into commercial space, according to Commercial Observer. Office space will be located on the second, third, and cellar levels, while retail space will occupy the ground floor. Each floor will feature outdoor space and 6,000 square feet of green space is planned on the roof. Hustvedt Cutler Architects is designing the conversion and completion is expected in the first half of 2016.

City Seeks Developers For 70,000 Square-Foot Commercial Project At 2325 Third Avenue, East Harlem

3:00 pm on December 14, 2015 By Reid Wilson

The City’s Economic Development Corporation and Housing Preservation and Development have launched a request for proposals for the vacant, 7,000 square-foot development site located at 2321-2325 Third Avenue, in East Harlem between East 126th and 127th Streets, according to DNAinfo. The site boasts 70,000 square feet of commercial development rights and is located directly adjacent to the site of a planned 115,000 square-foot proton beam therapy center. The commercial project is just a small portion of the two-block mega-development dubbed E125. The blocks bounded by East 125th through 127th Streets and Second and Third Avenues will eventually be home to 1,000 residential units, up to 700,000 square feet of commercial space and at least 30,000 square feet of community space. 800 of the residential units will rent at below-market rates.

Partial Residential & Hotel Conversion For 22-Story Building At 660 Madison Avenue, Lenox Hill

2:00 pm on December 14, 2015 By Reid Wilson

The Safra family’s JSRE Acquisitions has filed applications to convert part of the 22-story, 475,000 square-foot mixed-use commercial building at 660 Madison Avenue, in Lenox Hill between East 60th and 61st Streets, into residential and hotel units. Beginning on the 10th floor, there will be 54 dwelling units added in total. The hotel portion will be located from floors 10 through 15, although it’s not specified how many of the 54 dwelling units will be part of the hotel. Regardless, the remaining units will be residential and will be located throughout floors 10 through 22. Roof terraces already exist on many of the floors and the top two floors will consists of duplex units.

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