Developers are rushing to build hotels in Brooklyn’s priciest Industrial Business Zone, North Williamsburg, and now they’re looking further afield in the sleepy industrial borderlands of Bushwick and Ridgewood. The owner of a scrap metal recycling business at 25 Stewart Avenue, on the corner of Flushing Avenue in Bushwick, has filed a new building application to construct a nine-story hotel the property.
According to The Real Deal, the owners of the two-story commercial building at 35-02 Northern Boulevard, in northern Long Island City, are looking to sell the property as a development site for $30 million. Ariel Property Advisors is marketing the property, and the land boasts 145,000 square feet of building potential. Zoning accommodates for a mix of commercial uses with retail at street level.
Curbed reports that a teaser site has been launched for the condominium conversion of the 30-story rental tower at 200 East 62nd Street, at the bottom of the Upper East Side. Currently dubbed The Wellington, O’Connor Capital Partners acquired the building in 2014 for $240 million and plans to market 115 condo units. Messana O’Rorke is designing, and opening is expected in the fall of this year.
Property owner Harry Tawil has filed applications for a seven-story, 34-unit residential building — likely rental apartments — for the lots spanning 59-63 West 104th Street, on the northern reaches of the Upper West Side. The building will measure just 22,510 square feet, and each unit would average 662 square feet if divided throughout the project equally. Mihai Radu is designing, and an existing four-story, 10-unit residential building at Nos. 61-63 must first be removed; No. 59 is currently a vacant lot.
The conversion of 555 West End Avenue from the former St. Agnes School for Girls to a residential building with 12 to 15 units is well on its way to approval, but not there quite yet. The Landmarks Preservation Commission liked a lot of the proposal presented on Tuesday, but wants less visibility when it comes to the rooftop additions, particularly the mechanical equipment.
