Time Equities plans to convert The Venetian, a five-story, 33-unit rental building at 447 Avenue P in the southwestern corner of Midwood, into condominiums. The developer acquired the building in December of 2014 for $27 million, just two years after the project opened in 2012. The building, located a block away from the Avenue P stop on the F line, also has 8,000 square feet of ground-floor retail.
Property owner Salvatore Lombardi has filed demolition permits to remove the existing two-story, two-unit house at 139 15th Street, in southern Gowanus, two blocks north of the Prospect Avenue stop on the R train. The property could yield a new development of 6,164 square feet, and Brownstoner notes that applications were filed in 2011 for a five-story, eight-unit building. The site hasn’t changed hands since 2010, so plans for such a project may still be in the works.
Gotham Organization has acquired the vacant lot at 130 St. Felix Street, on the block immediately north of Atlantic Terminal in Fort Greene for $5.5 million. According to Brownstoner, the vacant property can accommodate a building of 75,114 square feet, and soil tests were done recently, which usually determines the type of foundation a new building will need. Details have not yet been released, and a new building would require approval from City Planning.
Time Equities’ 64-story, 191-condo-unit luxury tower under construction at 50 West Street, in the Financial District, is now 50 stories up, according to Curbed. Construction has progressed quickly; last November, the structure was just three stories tall, and by March, it was half of its current height. Units are now 50% sold out, and completion is slated for 2016. Helmut Jahn is designing, and the tower will also include roughly 21,100 square feet of commercial space, with retail and office condominiums spanning the first two stories.
Plans have been filed to build a 12-story mixed-use development with commercial and community space at 46 Cook Street, between Graham Avenue and Humboldt Street near Bushwick Houses in East Williamsburg.
