Located between George Street and Melrose Street along Wilson Avenue in East Williamsburg, a new 5,464 square foot apartment building is slated to rise four stories, including a sub-level and a rooftop, containing eight two-bedroom apartments. The property is located just off of Flushing Avenue, not too far from the Jefferson Street subway stop on the L Train, as well as Knickerbocker Ave & Central Avenue on the M Train. The owner and developer is Chaim Landau.
Permits have been filed for a seven-story mixed-use building at 1389 Broadway in Bushwick, Brooklyn. The site is one block away from the Gates Avenue subway station, serviced by the J and Z trains. Erik Ekstein of Ekstein Development will be responsible for the development.
New renderings are out for Bedford Union Armory’s redevelopment in Crown Heights, Brooklyn. BFC Partners and the nonprofit NYC Economic Development Corporation, whose mission is to spur economic growth in the city, will be developing the project jointly. The site is three blocks from the 2, 3, 4, and 5 subway trains at the Franklin Avenue station. Permits filed four months ago for a fifteen-story building are still pending approval.
441 Ninth Avenue, between 9th Avenue & Dyer Avenue and 34th Street & 35th Street, is undergoing a major transformation. The original eight-story structure was built in 1962 and once housed a warehouse, before being converted into an office building. Now, interiors are once again being renovated, and will sit beneath an all-new 17-story addition atop the square-shaped structure. Cove Property and Baupost Group are the developers of the 700,000 square foot project, named “Hudson Commons,” which is rising thanks to a $479 million construction loan secured last November.
GDS Development has acquired an additional 7,410 square feet of air rights for their planned condominium development at 500 West 25th Street, in West Chelsea. The air rights were purchased from Brookfield and Related. Valued at $685 per square foot, GDS’ additional investment totals about $5.1 million.