Commercial



Construction Underway At Bottega Veneta’s 740 Madison Avenue Boutique, Upper East Side

Construction of the 24,000-square-foot Bottega Venetta boutique store is in full swing at the intersection of Madison Avenue and East 64th Street. The retailer will occupy 740 Madison Avenue along with 23 and 25 East 64th Street. It acquired the property from the Wildenstein family of international art dealers in the fourth most expensive lease of 2014, with an estimated rent of $8 million. Sitting one block east of Central Park and a few blocks north of the Billionaires’ Row rising along 57th Street, the site is within the Upper East Side Historic District, meaning that the developer had to engage in a delicate design and approval process before starting work on the three 19th century buildings.

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219 Park Avenue

Four-Story, Multi-Use Commercial Building Planned At 219 Park Avenue, Brooklyn Navy Yard

Back in 2012, former property owner Harvey Stashower filed plans for a small, two-story commercial building with a caretakers apartment at 219 Park Avenue, located directly below the BQE on the southern edge of the Brooklyn Navy Yard. Those plans never came to fruition, but now an anonymous Brooklyn-based LLC filed applications for a four-story, 9,525-square-foot multi-use commercial project. The latest plans call for 5,000 square feet of warehouse and office space in addition to 4,525 square feet of medical offices. The ground floor and a mezzanine level will feature a commercial warehouse and office space, the second and third floors will contain the medical offices, and the fourth floor and a mezzanine level will contain another office unit. Rego Park-based Diego Aguilera Architects is the architect of record.


131-01 39th Avenue

New Two-Story Commercial Building Filed At 131-01 39th Avenue, Within Flushing West Rezoning Area

In 2014, King’s USA Group acquired the two-story, 100,000-square-foot commercial building – dubbed Assi Plaza and located at 131-01 39th Avenue, in Downtown Flushing – for $54.6 million. Now, the developer is filing applications for a new two-story, 165,337-square-foot building with 58,349 square feet of commercial space, a storage component, and staging areas for transporting goods. Perkins Eastman would design the 51-foot-tall structure, but the new filings come just before the area could get rezoned. Last fall, YIMBY brought you the latest details on the Flushing West Rezoning and the site in question, located between College Point Boulevard and Flushing Creek, is at the center of the proposal’s special waterfront district. In other words, the site could eventually accommodate mixed-use buildings of up to 10 or 14 stories. Plans for the site are probably not set in stone, and the rezoning’s public review process is expected to kick off this spring. Permits to demolish the existing commercial building were filed in February.


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