New York YIMBY

38-Story Condominium Tower At 118 East 59th Street Revealed, Midtown East

6:00 am on May 11, 2015 By Reid Wilson

The New York Times has revealed full renderings for the planned 38-story, 29-unit condominium tower at 118 East 59th Street, in Midtown East. YIMBY brought you news of the project last fall, which the Chinese firm Euro Properties is developing. Soo K. Chan, of SCDA Architects, is designing the 70,260 square-foot structure and all the condos — starting at 1,400 square feet — will span at least one floor. Demolition of the site’s former four-story buildings is complete and construction begins in June.

What Does de Blasio’s 421-a Reform Mean for the Outer Boroughs?

5:00 pm on May 8, 2015 By Rebecca Baird-Remba

Mayor de Blasio unveiled his grand plan to fix 421-a this week, and his proposal requires any developer who wants to take advantage of the property tax exemption to set aside 25 to 30 percent of their units as affordable housing. And the abatement would be extended from 25 to 30 years, in an attempt to make the measure more palatable to developers.

New Two-Family Building Filed at 91-41 80th Street in Woodhaven

4:00 pm on May 8, 2015 By Reid Wilson

Nini’s Properties LLC has filed applications for a new two-story, two-unit residential building at the newly subdivided, vacant lot at 91-41 80th Street, in Woodhaven. At the adjacent 91-43 80th Street, the property owner is renovating the existing three-story, three-unit wood-framed structure. John C. Chen is designing the new structure, which will measure nearly 1,800 square feet.

Two More Six-Family Buildings Filed on Walworth Street at Nos. 214 & 218, Bed-Stuy

3:00 pm on May 8, 2015 By Reid Wilson

Taron Walworth LLC has filed for two more four-story, six-unit residential buildings at the vacant lots at 214 and 218 Walworth Street, in northwestern Bedford-Stuyvesant. The same developer filed applications for two similar buildings at Nos. 212 and 222 yesterday, and each building will measure nearly 4,000 square feet. Julien Flander is designing, and former two-story structures were demolished at both 214 and 218 Walworth in 2006.

HFZ Capital Closes on Purchase of 76 Eleventh Avenue at $1,100 Per Square-Foot, West Chelsea

2:00 pm on May 8, 2015 By Reid Wilson

After obtaining $1 billion in financing, HFZ Capital Group has closed on the development site at 76 11th Avenue, or 518 West 18th Street, in West Chelsea. The lot comes remediated and vacant, and it’s one of the most expensive acquisitions in New York’s history, according to The Real Deal, clocking in at $1,100 per square-foot.

10 Residential Units Planned for 516 Herkimer Street, Bedford-Stuyvesant

1:00 pm on May 8, 2015 By Reid Wilson

An LLC has filed applications for a new six-story, 10-unit residential building at 516 Herkimer Street, in south-central Bedford-Stuyvesant near Atlantic Avenue. The building will measure 11,810 square feet, and Platonic Solids Architecture is designing. An existing single-story structure must first be demolished; demolition permits have yet to be filed.

Five-Story Garage Marketed As Residential Conversion at 56 North Moore Street, Tribeca

12:15 pm on May 8, 2015 By Reid Wilson

The Calicchio family is marketing the five-story, 41,000 square-foot parking garage at 56 North Moore Street, in Tribeca, as a redevelopment site for $88 million. The property comes with an additional 3,000 square feet of air rights, per The Real Deal, and the garage would probably be converted into luxury residential units. Avison Young is marketing the property.

29-Story Office Building 7 Bryant Park Wraps Up Construction, Midtown

11:00 am on May 8, 2015 By Reid Wilson

The 29-story, 470,500 square-foot office building dubbed 7 Bryant Park at 1045 6th Avenue, in Midtown, is wrapping up construction, per The Wall Street Journal. Exterior cladding is complete, and interior modeling is underway to accommodate the building’s owner, The Bank of China Ltd., which paid nearly $600 million for the Pei Cobb Freed & Partners-designed building in 2014. Construction began in 2013, and Hines and Pacolet Milliken Enterprises served as the tower’s developers.

Cape Advisors Plans Condo Development on West Broadway and Murray Street, Tribeca

10:00 am on May 8, 2015 By Reid Wilson

Cape Advisors has acquired an assemblage of six buildings on West Broadway between Warren and Murray Streets, in Tribeca, for $50 million. The new owner is planning to demolish the existing properties for a condominium building measuring 46,000 square feet. Cushman & Wakefield marketed the property, and the deal broke $1,000 per square-foot, per Crain’s Business.

Revealed: 782 Wythe Avenue, New Viznitz Congregation Synagogue in South Williamsburg

8:00 am on May 8, 2015 By Nikolai Fedak

On the corner of Wythe Avenue and Rutledge Street, in South Williamsburg, a long-stalled development is finally getting underway at 782 Wythe Avenue. Permits were first filed nearly a decade ago in 2006, but applications for a gut-renovation and conversion were approved this past March, and now YIMBY has the first rendering of the project, which will transform an old commercial building into a synagogue for the Viznitz Congregation.

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