New York YIMBY

Extell Acquires CityPoint Site At 138 Willoughby Street, Could Be Brooklyn’s Tallest

10:00 am on June 3, 2015 By Reid Wilson

Last week, Extell Development acquired the last development site of the City Point project at 138 Willoughby Street, in Downtown Brooklyn, in a $115.5 million deal. Extell is technically leasing the 21,500 square-foot site, and the developer is planning to construct a 665,000 square-foot mixed-use tower. A four-story, 65,000 square-foot retail base is part of the deal, and Washington Square Partners and Acadia Realty Trust will own that portion.

Construction Workers on NYC’s Public Projects Make Up To 177% More Than Private Industry Counterparts

8:00 am on June 3, 2015 By Nikolai Fedak

New York City’s infrastructure crisis stems from many issues, but one of the biggest problems in maintaining and expanding the city’s arteries are construction costs, which have ballooned into a stratosphere of unknown numbers and complete non-transparency on the part of city agencies. But now YIMBY has obtained data showing that salaries are up to 177% higher for unionized employees of contractors performing public works projects and building service work for government agencies than the prevailing wages of their respective private industry counterparts.

Permits Filed: Market-Rate Housing at 627-629 Faile Street, Hunts Point

7:45 am on June 3, 2015 By Rebecca Baird-Remba

Hunts Point was once the byword for disinvestment and abandonment, but the peninsula along the South Bronx waterfront is finally beginning to see some new growth. One of the neighborhood’s empty lots, at 629 Faile Street, may soon sprout two new four-story apartment buildings.

Revealed: 88-92 Linden Boulevard, Flatbush

7:30 am on June 3, 2015 By Rebecca Baird-Remba

Brookland Capital is building more than 50 rental and condo projects throughout Brooklyn, and now they’re expanding south into Flatbush with this attractive seven-story apartment building at 88-92 Linden Boulevard, between Bedford and Rogers Avenues.

Permits Filed: Hotel at 100 New Jersey Avenue, Cypress Hills

7:00 am on June 3, 2015 By Rebecca Baird-Remba

The proposed East New York rezoning is already drawing new development to the area near Broadway Junction, like a new hotel planned at 100 New Jersey Avenue in the shadow of the elevated J train tracks in Cypress Hills, East New York’s northern section.

21st Century Fox, News Corp. Close to Signing Leases at Two World Trade Center

6:30 am on June 3, 2015 By Reid Wilson

News Corp. and 21st Century Fox have signed a letter of intent to lease a combined 1.3 million square feet at Larry Silverstein’s planned 2 World Trade Center, located at 200 Greenwich Street, in the Financial District, according to the New York Post. A deal has yet to be finalized, but the move would jump-start construction of the 2.8 million square-foot, 80-plus-story tower, which is being redesigned by Bjarke Ingels Group.

62-Story, 157-Unit Luxury Tower To Stand 822 Feet Tall At 111 Murray Street, Tribeca

6:00 am on June 3, 2015 By Reid Wilson

Witkoff Group’s and Fisher Brothers’ Kohn Pedersen Fox-designed luxury tower, planned for Tribeca at 101-111 Murray Street, has been amended to have 157 residential units, up from 139 stated in the original application. Despite an erroneous report, YIMBY has news that the 62-story tower will actually stand 822 feet above the street, merely 35 feet below the outdated 857-foot proposal. The 372,000 square-foot building will include a nearly 2,100 square-foot retail portion on the ground floor, and completion is expected in 2017.

Five-Story Mansion To Replace Two Townhouses At 154 East 78th Street, Upper East Side

5:00 pm on June 2, 2015 By Reid Wilson

Yoseif Partners has filed applications for a five-story, single-family residence spanning 152-154 East 78th Street, on the Upper East Side. Previous plans called for the combination of two existing four-story townhouses, which would hold three residential units, but new applications would produce a 13,050 square-foot building. Demolition applications have yet to be filed for the townhouses, and Sawyer|Berson is designing.

Development Site At 169 Graham Avenue Could Yield Residential Building, Williamsburg

4:00 pm on June 2, 2015 By Reid Wilson

A building assemblage at 169 Graham Avenue, which includes 150 Meserole Street, in eastern Williamsburg, could yield a new 13,700 square-foot residential development. The 5,625 square-foot parcel was acquired in February for $7.5 million by SYG Realty, and permits to demolish the existing three-story structure at 169 Graham Avenue were approved in May. According to Brownstoner, new building applications have yet to be filed.

Four-Story, Single-Family Townhouses With Art Galleries Filed At 432 Van Brunt Street, Red Hook

3:00 pm on June 2, 2015 By Reid Wilson

Marlboro Builders has filed applications for three four-story, single-family townhouses spanning the vacant lots 430-434 Van Brunt Street, in Red Hook. The buildings will be spread across 8,535 square feet, and situated on the first floor of each building will be an art gallery. Between the three buildings, the total space for said community facility will measure 1,222 square feet; Eric Safyan is designing.

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