iStar’s Jay Sugarman plans to lead a multi-billion dollar redevelopment that includes over 20 individual projects in Asbury Park, New Jersey, located roughly 40 miles south of Manhattan. The construction will be centered around 1.25 miles of Asbury Park ocean waterfront, on Ocean Avenue and Kingsley Street, between Cookman Avenue and Deal Lake Drive.
In March, YIMBY published an early rendering of the plans to redevelop Our Lady of Lourdes convent in Bushwick into affordable and supportive housing. Now more new building applications have been filed, and we have an updated look at two new buildings coming to the site.
The South Bronx is finally seeing the first glimpses of large, market-rate development, and one hotel developer has taken the plunge by filing new building applications for a 13-story apartment building at 477 Gerard Avenue in Mott Haven, next to his under construction hotel at 500 Exterior Street.
Bruce Teitelbaum and a group of investors are proposing a mixed-use, multimillion-square-foot development at 44-02 Vernon Boulevard, on the East River, in Long Island City. According to Politico New York, the vacant 212,670 square-foot property will likely be rezoned for a residential tower of more than one million square feet. Teitelbaum is also planning to acquire the six-story office building at 44-36 Vernon Boulevard, currently owned by the city. If successful, the project may also include open space, affordable housing, a public school, and a hotel.
Blesso Properties has acquired the former Lincoln Savings Bank building and the 13,000 square-foot parking lot at 525-545 Broadway, in southern Williamsburg, for $32.8 million; the site was placed on the market a year ago. According to Curbed, the assemblage includes 190,000 square feet of development rights, and a mixed-use building, with 100 rental units and a 15,000 square-foot roof deck is planned for the vacant lot. The existing 60,300 square-foot bank building will also be redeveloped, and the project is located right beneath the J and M trains’ Lorimer Street stop.
