215 Schermerhorn Street

GPB Realty Capital To Acquire Development Site At 215 Schermerhorn Street, Downtown Brooklyn

12:30 pm on August 18, 2015 By Reid Wilson

Earlier this spring, the development site at 211-215 Schermerhorn Street, in Downtown Brooklyn, was placed on the market for $30 million, and now GPB Realty Capital is in contract to purchase the property. Neither the price nor the future plans have been disclosed, although a 75,000 square-foot residential or hotel building could be built. TerraCRG brokered the property, and the lots are currently vacant, according to The Real Deal.

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73-02 Woodside Avenue

Five-Story, 29-Unit Residential Building Coming To 73-02 Woodside Avenue, in Elmhurst

11:00 am on August 18, 2015 By Reid Wilson

Tim Chan, operating under an Elmhurst-based LLC, has filed applications for a five-story, 29-unit mixed-use building at 73-02 Woodside Avenue, in northern Elmhurst. Located two blocks from 74th Street/Broadway stop on the E, F, M, R and 7 trains, the 27,285 square-foot building will have a 1,928-square-foot health care facility in the basement level. Residential units above will average 875 square feet each. Flushing-based Chang Hwa Tan is the architect of record, and three buildings must first be demolished.

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Red Hook Innovation Studios

Developer Seeking Investment Partner For Red Hook Innovation Studios, Office Complex In Red Hook

10:00 am on August 18, 2015 By Reid Wilson

In October 2014, YIMBY revealed renderings of a multi-block, nearly 1.2-million square-foot office complex at 68 Ferris Street, in Red Hook, and since then, the Milan, Italy-based developer Est4te Four has been assembling the properties for the development. Now, Cushman & Wakefield has been tasked to market a 49% stake in the project, according to Crain’s. The project could break ground next year and is expected to be built over five years, featuring new-construction buildings and warehouse conversions. NBBJ is designing.

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