Commercial


140 West 57th Street

Residential Conversion Possibly In The Works At 14-Story, 80,000-Square-Foot Commercial Building, 140 West 57th Street, Midtown

Property owner Feil Organization is now clearing out a majority of the 14-story, 80,000-square-foot commercial building at 140 West 57th Street, along “Billionaires’ Row” in Midtown. The third through 14th floors are possibly getting a condominium conversion, the New York Post reported, although plans are not yet confirmed. The space could also get an office renovation or a hotel conversion, but plans for apartments have already been drawn up and are apparently further along. The three-level Morton Williams supermarket, located along the street level, will be unaffected. The property is an individual landmark, which means any exterior alterations that go into a renovation or conversion must be approved by the Landmarks Preservation Commission.


Pennsylvania Station-Farley Complex

Renderings Revealed Of Pennsylvania Station-Farley Complex Transportation Project

Earlier this year, Gov. Andrew Cuomo released a request for proposals (RFP) to upgrade, modernize, and expand Pennsylvania Station, located at Eighth Avenue and West 33rd Street under Madison Square Garden. The project will also incorporate the landmarked James A. Farley Post Office Building into the transportation complex. Now, renderings of the project have been revealed, per The New York Times, along with a timeline.

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23-01 41st Avenue, rendering by Architects Studio

Foundation Work Complete For Six-Story, 37-Unit Mixed-Use Project At 23-01 41st Avenue, Long Island City

Foundation work has been completed for the six-story, 37-unit mixed-use building under development at 23-01 41st Avenue, located on the corner of 23rd Street in the Queens Plaza section of Long Island City. The site can be seen in a photo posted by The Court Square Blog. The latest permits indicate the new building will eventually measure 42,367 square feet. The ground floor will contain 6,233 square feet of commercial space, specifically for photographic studios. The residential units above will be condominiums and should average 684 square feet apiece. An anonymous Midtown-based LLC is the developer. Angelo Ng + Anthony Ng Architects Studio is the design architect and Xiaohong Zhao’s Queens-based Ameriland Brook is the applicant of record. Completion is expected in the second half of 2017.


23-20 Jackson Avenue

65,000-Square-Foot Mixed-Use Commercial Building Planned At 23-20 Jackson Avenue, Long Island City

The Vorea Group has signed a 99-year ground-lease, worth roughly $350 million, for the 10,000-square-foot development site at 23-20 Jackson Avenue, located on the corner of Pearson Street in the Court Square section of Long Island City. The developer plans to build a mixed-use commercial building measuring between 50,000 square feet and 65,000 square feet, according to the Wall Street Journal. The lower floors will contain 30,000 square feet of retail space while the upper floors will feature offices. The site, currently occupied by a single-story commercial building, can accommodate up to 50,000 square feet of leasable commercial square-footage. Neither demolition permits nor new building applications have been filed. Real Estate Weekly reported on the details of the lease.


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