The Criterion Group plans to purchase the two-story property assemblage at 31-08 Northern Boulevard, in northern Long Island City, for $40 million, per The Real Deal. The development site boasts 253,000 square feet of building potential, but no plans for development have been proposed. The property last traded for $3.6 million in 2004, and the latest transaction should close this month.
Real Estate Weekly has revealed renderings of the two-story, 40,000 square-foot retail building being developed by Blumenfeld Development Group at the vacant lot of 925 Hunts Point Avenue, in northern Woodstock along the Bruckner Expressway. Dubbed The Crossing, Studio 5 is designing, and completion is expected in 2016.
The low-rise brick structures housing the Brooklyn Bowl and Brooklyn Brewery — spanning 61-71 Wythe Avenue, in northern Williamsburg — are on the market, reports Crain’s Business. Although leases don’t expire for a couple more years, if community space is included, up to 170,000 square-feet of mixed-use commercial and community-use development rights could be utilized. The assemblage is being valued at over $50 million.
When Hurricane Sandy hit, most of the damage to Manhattan came in the form of flooding, but some buildings were also casualties of high winds. That was especially true at 92 Eighth Avenue, located between 14th and 15th Streets in Chelsea, as the structure’s facade collapsed during the storm, leaving the interiors exposed. But fortunately it is finally being replaced, and YIMBY now has the reveal for the new building, designed by C3D Architecture.
Church conversions in New York City always seem to be an architectural roll of the dice, but YIMBY noticed this fairly attractive rendering on the fence at 81 Ten Eyck Street in East Williamsburg, where the former St Mary’s Catholic Church is being transformed into apartments.
