It has been over three months since we checked in on nightclub impresario turned real estate developer Ian Schrager’s residential building under construction at 160 Leroy Street, in the West Village. Since then, much has been accomplished.
Last Tuesday, the Landmarks Preservation Commission approved work to allow the single-family conversion of 38 Bethune Street. While some West Village garage conversions before the LPC recently have been contentious, this project was not controversial.
A nearly century-old garage in the West Village could almost double in size, but the Landmarks Preservation Commission first needs to approve it. Before that can happen, the proposed expansion of 771 Washington Street will need to be refined, the commission said last Tuesday.
Development rarely happens in eastern Queens near the Long Island border, but one developer has staked a claim in Queens Village, a suburban neighborhood next to Nassau County. New building applications were filed last week for an eight-story hotel at 95-10 218th Street, across the street from the Queens Village stop on the Long Island Rail Road. The building will practically touch the elevated rail tracks once it rises on a lot between Jamaica and 98th avenues. The plans call for 68 hotel rooms squeezed into 21,108 square feet of commercial space. An average room there would measure just over 300 square feet. The cellar would hold four rooms, and each of the upper floors would have eight rooms.
Taconic Investment Partners, TH Real Estate, and Squire Investments have acquired, for $109 million, the 14-story, 114,000-square-foot commercial building at 817 Broadway, located on the corner of East 12th Street in Greenwich Village. The new owners plan to let the leases of existing office and retail tenants expire so that a top-down renovation can begin, Real Estate Weekly reported. The building would get a redesigned lobby, a complete façade restoration, renovated retail and office space, and upgraded mechanical infrastructure. A construction timeline has not been disclosed. A $102 million acquisition and construction loan has already been secured.