Commercial

Seven-Story, 456,000-Square-Foot Commercial Redevelopment Proposed at 98 Edison Place, Newark

6:30 am on January 10, 2017 By Reid Wilson

Edison Properties is proposing to redevelop the existing, largely vacant six-story Newark Warehouse Company Building at 98 Edison Place, located on the corner of McCarter Highway in Downtown Newark. The expanded building will rise seven stories and measure 456,059 square feet, Jersey Digs reported. It would contain commercial space for offices and retail and a landscaped rooftop terrace. Parsippany, N.J.-based Langan Engineering & Environmental Services is the architect of record. Pending the required approvals and variances, occupancy is expected in early 2018.

Revealed: 66-Story, 802-Unit Mixed-Use Tower Planned at 23-15 44th Drive, Long Island City

8:00 am on January 9, 2017 By Reid Wilson

Renderings have been revealed by Hill West Architects for Court Square City View Tower, expected to rise at 23-15 44th Drive, located on the corner of 23rd Street in the heart of Long Island City. The architect’s website states the mixed-use project will rise 66 stories and contain 802 condominium units.

Renovation Planned for Six-Story, 124,000-Square-Foot Office Building at 57 Willoughby Street, Downtown Brooklyn

1:00 pm on January 5, 2017 By Reid Wilson

Meadow Partners has acquired, for $54 million, the six-story, 124,000-square-foot commercial building at 57 Willoughby Street, located at the corner of Lawrence Street in Downtown Brooklyn. The new owner plans to renovate the property, which includes rebuilding the 9,450-square-foot ground-floor retail space and modernizing the office space on the floors above, Real Estate Weekly reported. The property also contains 96,000 square feet of air rights, The Real Deal first reported. A $50.2 million acquisition loan was secured for the purchase.

Six-Story, Nine-Unit Mixed-Use Building Planned at 38-07 31st Street, Long Island City

12:00 pm on January 3, 2017 By Reid Wilson

A Queens-based LLC has filed applications for a six-story, nine-unit mixed-use building at 38-07 31st Street, in the Dutch Kills section of Long Island City. The project will measure 11,203 square feet and rise 60 feet above street level. There will be 1,651 square feet of commercial-warehouse space on the ground floor, followed by residential units on the second through sixth floors. The apartments should average 726 square feet apiece, indicative of rentals. Emanuel Kambanis’s Long Island City-based GKA Design Group Inc. is the architect of record. The 25-foot-wide, 2,190-square-foot lot is occupied by a single-story warehouse. Demolition permits have not been filed.

32-Unit Mixed-Use Condo Conversion Underway at 475 South Jefferson Street, Orange, N.J.

6:30 am on January 3, 2017 By Reid Wilson

The local nonprofit Housing and Neighborhood Development Services (HANDS, Inc.) is converting the former F. Berg & Company Hat Factory complex, located at 475 South Jefferson Street in the Valley Arts District section of Orange, N.J., into 32 residential units. The loft-style condominium apartments will range from 750-square-foot one-bedrooms to 1,150-square-foot three-bedrooms. The 70,000-square-foot, multi-building project, dubbed Hat City Lofts, will also include over 10,000 square feet of commercial space for artistic uses, Jersey Digs reported. Move-ins are expected in 2017.

Mixed-Use Building Planned at Site of LaGree Baptist Church at 362 West 125th Street, Harlem

1:00 pm on January 2, 2017 By Reid Wilson

Brooklyn-based property owner Haim Nortman has acquired, for $10.2 million, 27,500 square feet of air rights from a neighboring property for a mixed-use project planned at 362 West 125th Street, in Harlem. With the additional air rights, the site could accommodate up to 108,588 square feet of mixed-use development. The new building will include commercial space and residential units, Commercial Observer reported, although new building applications have not been filed at this time. The 12,475-square-foot site is occupied by a four-story LaGree Baptist Church. Demolition permits were filed in November. A construction timeline has not been disclosed.

High-Tech Office Building Planned at 124 East 14th Street, Union Square

7:00 am on December 23, 2016 By Reid Wilson

The New York City Economic Development Corporation has selected RAL Development Services to develop a high-tech office building at 124 East 14th Street, near Union Square. Civic Hall, an organization that describes itself as a “collaborative innovation center,” will anchor the new building, Politico reported. It’s unclear whether the project will include other uses. The 15,450-square-foot site, occupied by a vacant, two-story commercial building, can accommodate up to 92,700 square feet of commercial space. An additional 46,350 square feet of space could be built as residential or community facility space. Demolition permits have not been filed.

Renovation, Ground-Floor Retail Planned for Five-Story Office Building at 31-00 47th Avenue, Long Island City

6:30 am on December 23, 2016 By Reid Wilson

Savanna has closed on the purchase, for an undisclosed sum, of The Falchi Building, a five-story, 711,000-square-foot commercial building at 31-00 47th Avenue, in Long Island City’s Blissville section. It was earlier reported that the developer was in contract for more than $255 million, Commercial Observer reported. The new owner plans to conduct a $35 million renovation on the property. Retail will be installed on the ground floor, while the office spaces throughout the rest of the structure will be modernized. Improvements include new amenities, upgrades to infrastructure and common areas. The building is currently 90 percent leased.

12-Story, 128-Unit Mixed-Use Building Proposed at 100 Colden Street, Jersey City

4:30 pm on December 21, 2016 By Reid Wilson

Pegasus Enterprises is proposing a 12-story, 128-unit mixed-use building at 100 Colden Street, located on the corner of Bates Street on the western edge of Jersey City’s downtown area. The project includes 28,650 square feet of retail space and 60,000 square feet of self-storage space, Jersey Digs reported. It also features a 168-car parking garage. It’s not clear whether the apartments would be rentals or condominiums. Hoboken-based Minervini Vandermark Architecture is responsible for the design. The development site consists of four lots, occupied by a collection of dilapidated warehouses and a townhouse. The city’s Planning Board must approve the project.

Two-Story, 107,100-Square-Foot Storage Building Planned at 75-28 Queens Boulevard, Elmhurst

6:00 am on December 20, 2016 By Reid Wilson

TVG Partners has filed applications for a two-story, 107,115-square-foot storage building at 75-28 Queens Boulevard, located between Kneeland and Jacobus streets in Elmhurst. The commercial building will feature storage space across two below-grade levels as well as both above-grade floors. It’s unclear what exactly will utilize the 30-foot-tall facility, although a self-storage business is most likely. The project will come with four off-street parking spaces, four loading berths, and accessory office space. Frank G. Relf’s Long Island-based firm is the architect of record. The 38,549-square-foot site is occupied by a single-story commercial building. Demolition permits have not been filed.

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