The Wall Street Journal reports JetBlue Airways Corp. and MCR Development LLC are in advanced talks with the Port Authority to redevelop the vacant TWA Terminal at John F. Kennedy International Airport, in Queens. If a deal is agreed upon, a possibly $400 million project would include the construction of 500 hotel rooms split on either side of the terminal, and the likely conversion of the landmarked terminal structure into a restaurant.
Applications have been filed for an eight-story, 100-key hotel — the rooms split between roughly 66,000 square feet — at 456 Greenwich Street, in Tribeca. Western Heritable Investment Company, Caspi Development and Barone Management are the developers, and the entire building will span 102,000 square feet, with the SBJ Group designing.
Last fall, Chinese developer Cheerland Investments paid a whopping $129 million for the United Charities office building at 287 Park Avenue South, a nine-story Renaissance Revival structure built in 1892. An insider told the Wall Street Journal that it would be converted to condos, and earlier this week, permits were filed for a residential conversion that would add nine stories to the top.
Applications have been filed for a three-story, three-unit residential building measuring nearly 5,300 square feet at 1448 57th Street, in southern Borough Park. Horia E. Iuonas is the architect of record, and an existing two-story structure must first be removed.