Commercial

Permits Filed for 556 New Lots Avenue in East New York, Brooklyn

Permits have been filed for a six-story mixed-use building that will hold a charter school as well as commercial and community facility space at 556 New Lots Avenue in East New York‘s New Lots neighborhood. Located at the intersection of Van Siclen Avenue and New Lots Avenue, the corner lot is two blocks from the Van Siclen Avenue subway station, serviced by the 2 and 3 trains. Soly Bawabeh of Bermuda Realty is listed as the owner behind the applications.

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Governor Kathy Hochul Reveals Updated Plans And Renderings For Penn Station Overhaul in Midtown, Manhattan

Yesterday afternoon Governor Kathy Hochul revealed numerous new renderings of what the outdated 53-year-old Penn Station and the surrounding Midtown, Manhattan district could soon become. Despite being slightly downsized by 7 percent from former Governor Cuomo’s ten-building master plan, the new proposal still encompasses an incredible 18.3 million square feet of construction and redevelopment. Vornado Realty Trust is the developer of the master plan, which is expected to take four to five years to complete and cost between $6-7 billion.

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200 East 83rd Street’s Façade Installation Continues on Manhattan’s Upper East Side

Façade installation is continuing to progress on 200 East 83rd Street, a 35-story residential tower on Manhattan’s Upper East Side. Designed by Robert A.M. Stern Architects and developed by Naftali Group and Rockefeller Group, the 243,128-square-foot reinforced concrete superstructure will yield 86 units spread over 205,877 square feet, averaging 2,393 square feet apiece. Sales for the homes are currently underway and are being handled by Compass. SLCE Architects is the architect of record and Leeding Builders Group is the general contractor for the project, which is located at the corner of Third Avenue and East 83rd Street.

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Excavation Underway for Three-Story Target Store at 22-11 31st Street in Astoria, Queens

Excavation work is ramping up at 22-11 31st Street, the site of a three-story retail structure with a Target store in Astoria, Queens. Developed by Jenel Real Estate, the building will yield 97,314 square feet with 175 feet of frontage along 31st Street. Pav-Lak Contracting, Inc. is the general contractor for the property, which was previously occupied by a two-story Key Food supermarket until its demolition in 2020. Target signed a lease with A&H Acquisitions and will provide a variety of households needs, décor, men’s and women’s apparel and accessories, baby and children’s apparel and toys, an adult beverage section, a CVS Pharmacy and Order Pickup, and tech and fitness accessories.

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