The city hopes to kick off its big East New York rezoning within the next few weeks, and it plans to subsidize the construction of 1,200 new affordable apartments in the transit-rich area near Broadway Junction. Meanwhile, market-rate development is slowly growing in the southern half of the neighborhood, where new construction comes in the form of small three- and four-story buildings—the only thing that pencils out right now.
Earlier this spring, YIMBY reported on the approval of the planned residential conversion of the 24-story 212 Fifth Avenue, in NoMad, and now the project is underway, according to The New York Times. Madison Equities, Thor Equities, and Building and Land Technology are developing, and 48 condominiums are being carved out of the structure, ranging from two to four bedrooms apiece. Helpern Architects is designing, and a spring 2016 delivery date is anticipated.
Flushing-based We Ye, operating as Prince Club LLC, has filed applications for a seven-story, 18-unit mixed-use building at 24-38 Steinway Street, in central Astoria, seven blocks east of the N and Q trains’ stop at Astoria Boulevard. The building will total 17,634 square feet, and will feature 3,163 and 227 square feet of retail and community space, respectively, on the ground floor. Above, units will average 791 square feet each. Flushing-based Chang Hwa Tan is the architect of record, and an existing single-story building must first be demolished.
Forest Hills-based developer Sharon Cohen has filed applications for three three-story, multi-family residential buildings at 2344-2346 Boynton Place, in southern Gravesend, a block from stops on the F or N subways, at Avenue X or 86th Street, respectively. Each building will contain three units. The development’s nine apartments will spread across 11,631 square feet of space, for average units of 1,292 square feet. Long Island-based Shahriar Afshari is the architect of record, and an existing home must first be demolished.
Late last year, YIMBY reported on filings for a four-story, three-unit mixed-use building at 237 Pacific Street, in Boerum Hill, and now a schematic drawing of the building has been posted on-site, per Brownstoner. The new building will measure a total 5,512 square feet, and will feature 1,614 of retail space on the ground floor, followed by full-floor units averaging 1,300 square feet each. The units will actually be rentals, and Nicola Quinoes is the developer. Brooklyn-based Teresa Byrne Salter is the architect. The site’s single-story predecessor was demolished in January.
