Crain’s Business reports that Norman Brodsky is expecting to sell the burned-down warehouse located on Williamsburg’s northern waterfront, at 5 North 11th Street, to a pair of developers. Midtown Equities and East End Capital have reportedly signed a contract to purchase the site, but the exact price has yet to be revealed. The property is currently zoned for commercial and manufacturing use; 600,000 buildable square feet is available as-of-right.
Madigan Development has filed plans for a 15-story apartment building at 111 Varick Street, on the corner of Broome Street in Hudson Square, just west of Soho.
Ben Shavolian, the head of L’Ermitage LLC, has filed applications for a four-story, four-unit residential building at the vacant lot at 1342 Prospect Avenue, in the Foxhurst section of the south Bronx. The building will measure 4,770 square feet, and Gerald Caliendo is designing. The site’s two-story predecessor was demolished by the HDP in 1994.
DNAinfo reports Cayuga Capital acquired the single-story warehouse building at 321 Starr Street, at the northern tip of Bushwick, for $9 million, and plans to expand the building to accommodate multiple commercial tenants. MetroRock Climbing is already expecting to open a 23,000 square-foot facility in the building in spring of 2016, and future tenants will be revealed later on.
An LLC has filed applications for a seven-story, 16-unit residential building at the empty lot at 1613 Mermaid Avenue, on Coney Island. Measuring nearly 11,290 square feet in total, the average unit will be a little over 700 square feet, indicating rentals are likely in the works. Miele Associates is designing the new structure, which will hopefully rise on the long-vacant lot.