In March, YIMBY revealed a rendering of Bizzi & Partners’ planned 25-story tower at 100 Varick Street, and now plans have been filed for the 290-foot-tall residential building at the corner of Watts Street in Hudson Square.
Property owner Ray Sapiro has filed applications for a four-story, four-unit residential building at 373 Classon Avenue, in western Bedford-Stuyvesant (on the border with Clinton Hill). The building will measure 4,000 square feet, and each unit will have its own floor. Oscar Fuertes’ OMF Architecture is designing, and an existing single-story structure must first be removed.
Last week, Extell Development acquired the last development site of the CityPoint 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.
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.
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.
