Commercial

360 Third Avenue

Restoration of Coignet Building Complete at 360 Third Avenue, Gowanus

4:00 pm on March 29, 2016 By Reid Wilson

Back in November of 2015, construction was well underway to restore the two-story, 3,000-square-foot former New York and Long Island Coignet Stone Company Building, also known simply as the Coignet Building, an individual landmark located at 360 Third Avenue, in Gowanus. Since then, construction of the new façade has finished and new windows have been installed. DNAinfo reports the project was also recently awarded the Lucy G. Preservation Moses Award by the New York Landmarks Conversancy. Whole Foods Market restored the exterior of the building and has placed the property on the market for $5 million. It could eventually be used as retail or community facility space, although the interiors still have to be gut-renovated. BL Companies is the applicant of record and Jablonski Building Conservation aided in the design process.

139 Ludlow Street

Construction Complete At Five-Story Ludlow House Club, 139 Ludlow Street, Lower East Side

11:00 am on March 29, 2016 By Reid Wilson

Back in November of 2015, the expansion of the former three-story building at 139 Ludlow Street, on the Lower East Side, topped out at five stories, or 71 feet above street level. Bowery Boogie reports that the project is largely complete, now that the windows have been installed, exterior detailing has finished, and the scaffolding has been removed. The 16,500-square-foot commercial building, dubbed Ludlow House, will eventually house two restaurants and a members-only club, featuring event spaces, lounges, and screening rooms. Princeton Holdings is the developer and Lee Levine’s Hoboken, N.J-based Lee Levine Architects is the architect of record. Opening is expected within weeks, according The Lo-Down.

639 Eleventh Avenue

Reveal For Five-Story, 35,000-Square-Foot Maserati Dealership At 639 Eleventh Avenue, Hell’s Kitchen

6:00 am on March 29, 2016 By Reid Wilson

Back in February of 2015, YIMBY reported on plans for a five-story, 35,000-square-foot commercial building at 639 Eleventh Avenue, located on the corner of West 47th Street, in Hell’s Kitchen. Now, the Wall Street Journal reports BNF Automotive Group has begun construction on the building, which will house Maserati’s new Manhattan flagship dealership. The structure will sport a rooftop terrace, high ceilings, and a glassy curtain wall. Foundation work is reportedly underway and completion is expected in February of 2017. BNF Automative Group signed a 49-year ground lease for the 5,042-square-foot property, which is owned by Samyon Ruvinsky. CAI Architecture is behind the design and Dome Architecture & Design Group is the architect of record.

450 Broad Street

Developer Plans 1,000-Unit-Plus Mixed-Use Project At 450 Broad Street, Newark

10:00 am on March 28, 2016 By Reid Wilson

New York-based Lotus Equity Group has acquired the Bears and Eagles Riverfront Stadium at 450 Broad Street, in Downtown Newark, for $23.5 million, NJ Advance Media reports. The 6,014-seat stadium (and presumably the four-story parking garage to the south), located two blocks from the New Jersey Transit’s Newark Broad Street station, is expected to be demolished to make way for a mixed-use tower. The development could accommodate between 1,000 and 1,500 residential units and will contain commercial spaces. The commercial uses haven’t been finalized yet, but plans include a possible hotel and retail space. A construction timeline has not been disclosed. The baseball stadium was construction only 17 years ago.

213 East 125th Street

14-Story, 80-Unit Mixed-Use Building Filed At 213 East 125th Street, East Harlem

4:00 pm on March 25, 2016 By Reid Wilson

This past December, the city launched a Request for Proposals (RFP) for the commercial development site at 2325 Third Avenue, in East Harlem. The plot is part of the mixed-use mega-development E125 that will turn two blocks, the ones bound by East 125th and 127th streets and Second and Third avenues, into roughly 1,000 residential units, up to 700,000 square feet of commercial space, and at least 30,000 square feet of community facilities. The Real Deal reports property owner Park-It Management is filings applications to move forward with another piece of the project at 213 East 125th Street. The existing two-story, nearly 20,000-square-foot commercial property will be expanded into a 14-story, 80-unit mixed-use building. The 96,539-square-foot structure will include 19,211 square feet of commercial-retail on the ground and second floors, and 6,212 square feet of community space on third floor. The apartment units should average 889 square feet apiece. SRA Architecture + Engineering will be designing.

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